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Gold price update on December 1: Gold rate rises by Rs343 but still Rs3,000 cheaper

Today’s gold price update: If you want to purchase gold and silver during the wedding season, there is some news for you. The price of gold and silver has been fluctuating steadily over the last few days. Today, on the fourth day of this business week, the price of silver and gold is rising drastically. […]

Edited By : Divya Richa | Updated: Dec 19, 2022 15:06 IST
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Today’s gold price update: If you want to purchase gold and silver during the wedding season, there is some news for you. The price of gold and silver has been fluctuating steadily over the last few days. Today, on the fourth day of this business week, the price of silver and gold is rising drastically. Today, gold has increased in price by Rs 343 and silver by Rs 1,783. Following this, gold is currently selling for Rs 53120 per 10 gram and silver for Rs 63683 per kg.

The prices of gold and silver have been fluctuating over the last month. In such a case, the customer is sceptical of shopping. People do not understand when it is advantageous to purchase gold and silver.

However, experts say that during the wedding season, people have a great opportunity to buy gold and silver at a low cost. Because, like gold, the price of silver will rise further in the coming days, and both can set new highs.

IBJA gold and silver condition

According to the website of the Indian Bullion Jewelers Association (IBJA), gold (Gold Price Update) became more expensive by Rs 343 per ten grammes on Thursday (December 1), and opened at Rs 53120 per ten grammes. On the previous trading day, Wednesday, gold price increased by Rs 2 and closed at Rs 52777 per 10 grammes.

Today, on the other hand, silver (Silver Price Update) opened at Rs 63683 per kg, a huge gain of Rs 1783. On the other hand, silver increased in price by Rs 215 on Wednesday, closing at Rs 61900 per kg.

MCX gold and silver rates

Gold and silver, like the Indian Bullion Jewelers Association (IBJA), are trading at a rapid pace on the Multi Commodity Exchange today (MCX). Today, gold on the MCX is Rs 485 more expensive, trading at Rs 52,965. While silver is currently trading at Rs 63,132, up Rs 982.

Gold is down Rs 3000 and silver is down Rs 16300 from their all-time highs

Gold is currently selling for Rs 3080 per 10 grammes less than its all-time high. In August 2020, gold reached an all-time high. At the time, gold had reached a price of Rs 56,200 per ten grammes. Silver, on the other hand, was falling below its all-time low of Rs 16297 per kg. Silver’s all-time high price is Rs 79980 per kg. In such a case, those looking to purchase gold or silver may find this to be a good time to do so.

Price of 14 to 24 Carat Gold

In this manner, the current price of 24 carat gold is Rs 53120 per 10 gramme, 23 carat gold is Rs 52907 per 10 gramme, 22 carat gold is Rs 48658 per 10 gramme, 18 carat gold is Rs 39840 per 10 gramme, and 14 carat gold is approximately Rs 39840 per 10 gramme. Is currently trading at Rs 31075 per 10 grammes.

Gold and silver prices on the international market

Gold and silver, like the Indian bullion market, are trading quickly in the international market today. In the United States, gold was up $5.98 to $1,779.55 per ounce, while silver was up $0.14 to $22.21.

Gold, Silver Price in Big cities

Delhi Gold Price

22ct Gold : Rs. 45930, 24ct Gold : Rs. 53330, Silver Price : Rs. 63600

Mumbai Gold Price

22ct Gold : Rs. 48750, 24ct Gold : Rs. 53180, Silver Price : Rs. 63600

Kolkata Gold Price

22ct Gold : Rs. 45780, 24ct Gold : Rs. 53180, Silver Price : Rs. 63600

Chennai Gold Price

22ct Gold : Rs. 49550, 24ct Gold : Rs. 54050, Silver Price : Rs. 69800

Hyderabad Gold Price

22ct Gold : Rs. 45780, 24ct Gold : Rs. 53180, Silver Price : Rs. 69800

Bangalore Gold Price

22ct Gold : Rs. 48800, 24ct Gold : Rs. 53230, Silver Price : Rs. 69800

Mangalore Gold Price

22ct Gold : Rs. 48800, 24ct Gold : Rs. 53230, Silver Price : Rs. 69800

Ahmedabad Gold Price

22ct Gold : Rs. 48800, 24ct Gold : Rs. 53230, Silver Price : Rs. 63600

Surat Gold Price

22ct Gold : Rs. 48800, 24ct Gold : Rs. 53230, Silver Price : Rs. 63600

Nagpur Gold Price

22ct Gold : Rs. 48750, 24ct Gold : Rs. 53180, Silver Price : Rs. 63600

Pune Gold Price

22ct Gold : Rs. 48750, 24ct Gold : Rs. 53180, Silver Price : Rs. 63600

Bhubaneswar Gold Price

22ct Gold : Rs. 45780, 24ct Gold : Rs. 53180, Silver Price : Rs. 69800

Chandigarh Gold Price

22ct Gold : Rs. 45930, 24ct Gold : Rs. 53330, Silver Price : Rs. 63600

Bhopal Gold Price

22ct Gold : Rs. 49540, 24ct Gold : Rs. 53450, Silver Price : Rs. 70000

Indore Gold Price

22ct Gold : Rs. 49540, 24ct Gold : Rs. 53450, Silver Price : Rs. 70000

Jaipur Gold Price

Gold : Rs. 45930, 24ct Gold : Rs. 53330, Silver Price : Rs. 63600

Lucknow Gold Price

22ct Gold : Rs. 45930, 24ct Gold : Rs. 53330, Silver Price : Rs. 63600

Patna Gold Price

22ct Gold : Rs. 48800, 24ct Gold : Rs. 53230, Silver Price : Rs. 63600

Ghaziabad Gold Price

22ct Gold : Rs. 45930, 24ct Gold : Rs. 53330, Silver Price : Rs. 63600

Noida Gold Price

22ct Gold : Rs. 45930, 24ct Gold : Rs. 53330, Silver Price : Rs. 63600

Gurgram Gold Price

22ct Gold : Rs. 45930, 24ct Gold : Rs. 53330, Silver Price : Rs. 63600

First published on: Dec 01, 2022 03:59 PM IST
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