The rate of 22-carat gold stands at Rs 71,867 per 10 grams.(File Photo)Today’s Gold Rate in India, 11 December: Gold prices in India rose by Rs 80 per 10 grams, touching a 2-week peak, on Wednesday, owing to escalating geopolitical tensions and expectations of another rate cut by the Federal Reserve next week, ahead of the US inflation report, news agency Reuters reported.
On December 11, the 24-carat gold rate in India was quoted for a price of Rs 78,400 per 10 grams. The rate for 24-carat gold per gram then would be Rs 7,840. And the rate of 22-carat gold stands at Rs 71,867 per 10 grams. Meanwhile, Indian citizens can buy silver today at a rate of Rs 950.4 per 10 grams.
Gold is traditionally considered a safe-haven investment during periods of economic and geopolitical uncertainty, and is likely to thrive in low-interest-rate environment, according to a Reuters report.
Gold, silver rate in Mumbai today
In Mumbai, the cost of 18-carat-gold went up to Rs 58,800 per 10 grams, whereas that of 22-carat and 24-carat gold rose to Rs 71,867, and Rs 78,400, respectively.
The price of silver, however, reduced to Rs 950.4 per 10 grams, in Mumbai.
Gold, silver rate in Delhi today
Today, 18-carat-gold is priced at Rs 58,703 per 10 grams in Delhi. The costs of 22-carat and 24-carat gold are Rs 71,748 and Rs 78,270, respectively.
Meanwhile, the cost of silver remained at Rs 948.7 per 10 grams in the Capital.
Gold, silver rate in Kolkata today
The 24-carat-gold is being traded for a price of Rs 78,300 per 10 grams. Silver, on the other hand, is being sold for a price of Rs 949.1 per 10 grams in Kolkata.
Gold, silver rate in Chennai today
Gold is being sold at Rs 78,630 per 10 grams in Chennai, an increase of Rs 90 from December 10. The rate of silver per 10 grams stand at Rs 953.1.