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Gold prices in India opened higher on Thursday, marking a significant recovery after recent fluctuations. Strong global cues and a weakening Indian rupee against the US dollar have pushed domestic gold rates upward. Silver prices have also climbed sharply, offering relief to investors looking for safe-haven assets.

In the national capital Delhi, the price of 24-carat gold rose to ₹1,30,740 per 10 grams, while 22-carat gold is priced at ₹1,19,860 per 10 grams. Meanwhile, Mumbai is currently seeing 24-carat gold at ₹1,30,590 per 10 grams. Analysts attribute the latest price movement to expectations of a potential interest rate cut by the US Federal Reserve later this month, which typically boosts demand for gold.

In the international market, spot gold is trading at $4,207.67 per ounce, reflecting strong bullish momentum. Both domestic and global economic signals continue to have a substantial impact on gold and silver prices in India.

Gold Rates in Major Indian Cities (Per 10 Grams)

Market Outlook: Why Prices Are Rising

Gold prices are witnessing renewed strength as global investors anticipate an interest rate cut by the US Federal Reserve in its upcoming FOMC meeting scheduled for December 9–10. Lower interest rates typically reduce bond yields, making gold a more attractive investment option. With borrowing costs expected to decline, demand for gold and other safe-haven assets often increases.

Currency movement has also played a major role in this surge. The Indian rupee hit a record low against the US dollar, pushing domestic prices higher since gold is globally traded in dollars.

Analysts believe that if the Federal Reserve confirms a rate-cut cycle, gold may continue to move upward in the coming weeks, possibly reaching new highs if geopolitical and economic uncertainties persist.

Silver Price Today

Silver is also trading stronger today. As of Thursday morning, silver prices have climbed to ₹1,91,100 per kilogram in the domestic market. In the international market, silver is priced at $58.47 per ounce.

Experts say silver is benefiting from rising industrial demand and broader positive sentiment in bullion markets.

Investment Insight

Gold and silver remain top choices for investment during periods of inflation and financial instability. Experts suggest that investors should diversify their portfolios and monitor global economic developments closely, especially ahead of the Fed’s policy announcement.

Key Takeaway

• Gold rates rise sharply across major Indian cities

• Delhi gold price hits ₹1,30,740 per 10 grams

• Silver jumps to ₹1,91,100 per kg

• Global spot gold trades at $4,207.67/oz

• Market awaits Fed rate-cut decision on December 9–10