Gold Rates In India Today, Dec-3: 24K/100 Grams of Gold Jumps Rs 4,300; Silver Prices Flat

Gold prices in India saw an enormous spike today, December 3, primarily due to the US Dollar Index's surge triggered by the waning likelihood of the Fed imposing another rate cut. Additionally, unrest in the Middle East and recent initiatives by the presidency of Donald Trump to reduce geopolitical tensions may cause gold prices to remain unstable and fluctuate as market observers focus on the USD's movement and the Fed's standpoint on additional rate cuts in the upcoming meetings and the key US job report next week.

Gold Rates In India Today

Today, 22 carat gold costs Rs 7,130 per gramme in India, whereas 24-carat gold costs Rs 7,778 per gramme. In India, the price of 22k of 10 grams of gold shot up by Rs 400 from Rs 70,900 on Monday to Rs 71,300 on Tuesday. Meanwhile, the price of 22k of 100 grams of gold surged by Rs 4,000 in a single day, from Rs 7,09,000 yesterday to Rs 7,13,000 today.

While 24k of 100 grammes of gold prices in India jumped to Rs 7,77,800 on Tuesday from Rs 7,73,500 on Monday, marking a price gain of Rs 4,300, 24k of 10 grammes of gold reached Rs 77,780 today compared to Rs 77,350 yesterday, signifying a price jump of Rs 430.

While the price of 18k of 100 grammes of gold in India on Tuesday was Rs 5,83,400, up by Rs 3,300 from Rs 5,80,100 on Monday, the price of 18k of 10 grammes of gold today was Rs 58,340, up by Rs 330 from yesterday's price of Rs 58,010.

Spot Gold Today

Ahead of the forthcoming U.S. economic data, gold prices remained stable on Tuesday. After dropping as much as 1% on Monday, spot gold was almost flat at $2,636.50 per ounce as of 0156 GMT. At $2,659.00, U.S. gold futures were unchanged. Whereas palladium fell 0.2% to $979.72, platinum fell 0.3% to $944.35, while spot silver climbed 0.1% to $30.51 an ounce.

Silver Rates In India Today

Silver prices in India were steady on Tuesday, December 3, as the US dollar appreciated and investors kept an eye on the Middle East's geopolitical scenario. In India, silver currently costs Rs 91,000 per kilogramme and Rs 91 per gramme. In India, the price of 10 grams of silver is Rs 910 today, while the price of 100 grams of silver is Rs 9,100. Meanwhile, the price of 1 kilogramme of silver is Rs 91,000 today.

MCX Gold Outlook Today

"Gold fell below $2,640 per ounce on Monday, ending a four-session streak of gains, as the US dollar strengthened and investors were monitoring geopolitical situation in Middle East. In a post on Saturday, President-elect Donald Trump announced plans to impose a 100% tariff on the BRICS geopolitical coalition of non-Western countries should they shift away from trading in U.S. dollars. The domestic yellow metal MCX Gold (Feb 2025 Contract closed weak yesterday The commodity is presently opening weak in morning trade . Its crucial supply zones around 76800/77000 levels which should act as resistance. On the downside, support for MCX Gold lies at 75500/ 76000 levels with a break below 75500 level can potentially drag prices toward 74000/73500 levels. Traders are advised to trade with strict stoploss as volatility may remain high due to ongoing geopolitical issues," said the research analysts of Way2Wealth Brokers Private Limited.

Gold & Silver Rates Outlook Today

"Gold and silver prices are trading flat today on the international bourses. We expect gold and silver prices to trade range-bound to marginally higher for the day; as gold prices are steady - staying within a narrow trading range where it's been for the past week - as investors looked ahead to US data that may offer clues on the Federal Reserve's rate decision this month," Nirmal Bang Securities Pvt. Ltd noted.

Disclaimer

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