Gold and silver prices have declined sharply, bringing some relief to buyers preparing for the upcoming Karwa Chauth festival. With gold rates fluctuating in the domestic market, people planning to purchase jewellery are keeping a close watch on the latest prices.
On the Multi Commodity Exchange (MCX), December 2026 gold futures recorded a decline during trading. In early trade, the price of 24-carat gold fell by 0.73%, or ₹1,039, to ₹1,42,270 per 10 grams, compared with its previous closing price of ₹1,43,309.
Gold prices in Delhi have also reportedly dropped by ₹1,000 to around ₹1.48 lakh per 10 grams, reaching a three-month low. Silver prices declined by ₹5,900, touching a 10-month low.
MCX Gold Price Today
Gold prices continued to fluctuate during the trading session. At 10:25 AM, December 4, 2026, gold futures were trading at ₹1,41,950 per 10 grams, down 0.95%. The price had declined by ₹1,359 at the time of reporting.
Market prices can change throughout the day, and further movements may occur during subsequent trading sessions.
City-Wise Gold Rates Today
The following rates for 24-carat, 22-carat and 18-carat gold were provided for major Indian cities. Prices are listed per 10 grams.
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Delhi | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| mumbai | ₹1,42,480 | ₹1,30,600 | ₹1,06,860 |
| Kolkata | ₹1,42,480 | ₹1,30,600 | ₹1,06,860 |
| Chennai | ₹1,42,480 | ₹1,30,600 | ₹1,06,900 |
| Patna | ₹1,42,530 | ₹1,30,650 | ₹1,06,910 |
| Lucknow | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| Ayodhya | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| Kanpur | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| Varanasi | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| Prayagraj | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| Ghaziabad | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| Noida | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| Gurugram | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| Chandigarh | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| Jaipur | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
Should You Buy Gold Before Karwa Chauth?
The recent decline may attract buyers who are planning to purchase gold jewellery for Karwa Chauth. However, gold prices remain volatile, and the latest market movement does not guarantee that rates will fall further.
Before buying jewellery, customers should compare the current rates offered by local jewellers and confirm the final price, including applicable making charges and taxes. The purity of the gold should also be checked before completing a purchase.
Disclaimer
This article is intended for general informational purposes only and does not constitute financial or investment advice. Gold and silver prices can change throughout the day, and the rates listed above have not been independently verified. Actual retail prices may vary by city, jeweller, purity, taxes and making charges. Buyers should confirm the latest rates with a reliable local jeweller before making a purchase.