Gold and silver prices saw a jump of almost a per cent compared to yesterday after China is likely to weaken its currency Yuan next year to support the economy. The gold rate in Delhi was Rs 78,820/10 grams on December 12 while the silver was quoted for Rs 95,430/kg.
“The upcoming US CPI data, set to release this evening, holds significant importance as it will shape market expectations for the Federal Reserve’s interest rate decision in next week’s policy meeting. In MCX, gold is expected to trade within a range of Rs 77,400–Rs 79,250, with volatility likely to remain elevated ahead of the data release,” said Jateen Trivedi, Vice President and Research Analyst of Commodity and Currency at LKP Securities.
Gold and silver rates today, December 12
The 24-carat gold rate in India was quoted for a price of Rs 78,960 per 10 grams on December 12. The rate for 24-carat gold per gram is Rs 7,896. While the rate of 22-carat gold was Rs 72,380 per 10 grams.
The price of 24-carat gold has risen 3.3% in the last seven days. It has increased by 3.1% in the last ten days. The silver is available to Indian customers today at a price of Rs 95,590 per kilogram.
“China is likely to weaken Yuan next year to support its economy as Trump’s tariff threats loom large. This development is somewhat positive for the yellow metal. Gold is expected to correct a bit lower before the US CPI report as traders turn cautious; however, dip buying is the preferred strategy for a possible target of $2722/$2750 in the coming days,” said Praveen Singh, Associate Vice President of Fundamental Currencies and Commodities at Mirae Asset Sharekhan.
Gold rate in Mumbai on December 12
The Gold rate in Mumbai is Rs 78,960/10 grams today. On December 11, the gold was available for Rs 78,320/10 grams. A week back, on December 05, gold was sold for Rs 76,380/10 grams.
Silver rate in Mumbai on December 12
Silver rate in Mumbai was Rs 95,590/Kg on December 12, an increase of Rs 360, while it was priced at Rs 95,230/Kg and a week ago the price was Rs 92,060.
Gold rate in Delhi on December 12
On December 12, the gold rate in Delhi is Rs 78,820/10 grams. The gold was quoted at Rs 78,180/10 grams on December 11. While the price of the 24K gold was Rs 76,250/10 grams a week ago.
Silver rate in Delhi on December 12
The silver rate in Delhi was Rs 95,430/Kg on December 12. The price of silver was Rs 95,060/Kg on December 11. A week ago, silver was traded for a price of Rs 91,900/Kg.
Gold rate in Kolkata on December 12
The gold rate in Kolkata was Rs 78,850/10 grams, today, December 12. The glittering metal was selling for Rs 78,210/10 grams yesterday and was quoting for Rs 76,280/10 grams last week.
Silver rate in Kolkata on December 12
Today, the silver rate in Kolkata is Rs 95,460/Kg. The price of silver was Rs 95,100/Kg on December 11. Last week on December 05, the metal was trading at Rs 91,940/Kg.
Gold rate in Chennai on December 12
On December 12, the gold rate in Chennai was Rs 79,190/10 grams. On December 11, it was quoted for Rs 78,540/10 grams. A week ago, the price of gold was Rs 76,600/10 grams in Chennai.
Silver rate in Chennai on December 12
The silver rate in Chennai today, December 12, is Rs 95,870/Kg. On December 11, the price of silver was Rs 95,500/Kg. The silver in Chennai was available to the customers for a price of Rs 92,330/Kg a week ago.
MCX Futures on December 12
The gold MCX futures contract with the expiry of February 05, 2025, was quoted for Rs 78,829 per 10 gm. While the futures contracts for silver with the March 2025 expiry on MCX futures were trading at Rs 95,780 per kg.