Gold-Silver Rate Today: Fall in the prices of gold and silver, prices decreased on the morning of 5th December.
Gold-Silver Rate Today in India: On the morning of December 5, gold and silver prices again fell. Gold rates have come down from the capital Delhi to Mumbai, Chennai and Kolkata. Investors seem cautious about the policy meeting of the US Federal Reserve. The prices of both gold and silver have also weakened in the global market.
Gold prices fall again
The price of gold has declined in the Indian markets on the morning of Wednesday 5th December. In Delhi, the price of 24 carat gold was recorded at Rs 129800 per 10 grams, while the price of 22 carat gold was recorded at Rs 118990 per 10 grams. A decrease in gold rates has also been seen in Mumbai, Kolkata, Chennai and Hyderabad.
Gold rate in major cities of the country
In Mumbai and Kolkata, the price of 24 carat gold is Rs 129650 per 10 grams, while 22 carat gold is available at Rs 118840 per 10 grams. Similar rates are being seen in Chennai and Bengaluru also. In Jaipur, Lucknow and Chandigarh, 24 carat gold is at Rs 129800 per 10 grams.
Today’s gold rate according to cities
| City | 22 carat (₹) | 24 carat (₹) |
|---|---|---|
| Delhi | 118990 | 129800 |
| Mumbai | 118840 | 129650 |
| Chennai | 118840 | 129650 |
| Kolkata | 118840 | 129650 |
| Bengaluru | 118840 | 129650 |
| Lucknow | 118990 | 129800 |
| Jaipur | 118990 | 129800 |
reasons behind the decline
The main reason for the fall in gold prices is America’s latest employment figures. Payrolls data came in weak in November, the worst level since 2023. After this report, the expectation has increased that the Federal Reserve may cut interest rates in its policy meeting.
If rates fall, bond investments become less attractive and investors move towards safer investment options such as gold. The Federal Reserve’s FOMC meeting is scheduled to be held on December 9-10, whose decisions will have a direct impact on the gold rate.
Also read: RBI MPC Meet: Repo rate cut by 0.25%, loans will be cheaper and inflation is expected to decrease.
Silver rate also declined
Along with gold, silver has also become cheaper. On the morning of December 5, the price of silver has come down to Rs 190900 per kg. The spot price of silver in the international market was recorded at $ 57.34 per ounce. Domestic and global economic events have a direct impact on the price of gold and silver in the country.
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