Gold prices in India held steady at the start of the week but experienced a minor dip on December 24, with 24K, 22K, and 18K gold dropping by Rs 10 per 10 grams in early trading. The 24K gold price was recorded at Rs 70,900 for 10 grams, while 22K and 18K gold were priced at Rs 70,990 and Rs 58,080, respectively. On the other hand, silver prices saw a significant fall of Rs 100, bringing the price of 1kg of silver down to Rs 91,300.
In global markets, spot gold prices surged past $2,610 an ounce on Tuesday, benefiting from flat trading ahead of the holiday season. While domestic gold prices saw only minor fluctuations, the global trend could influence future price movements. In India, the price per gram for 22K gold stood at Rs 7,099, while 24K gold (999 gold) was priced at Rs 7,744 per gram. The 18K gold was priced at Rs 5,808 per gram.
In southern cities like Chennai, Hyderabad, and Kerala, silver prices remained higher, with a kilogram costing Rs 98,800, highlighting regional price variations. The holiday season's low trading volume could continue to impact both gold and silver prices in the short term, with investors watching closely for any major market movements ahead of Christmas.
