Gold Prices Ease Across India – December 16 Update

Gold prices cooled after touching historic highs last week, offering relief to buyers and investors. The decline reflects international trends, where easing US bond yields and dollar weakness continue to influence bullion demand.

Key Highlights:

National Average:

- 24K Gold: ~₹13,390/g

- 22K Gold: ~₹12,274/g

- 18K Gold: ~₹10,154/g

City-Wise Rates (per gram):

- Delhi: 24K – ₹13,390  22K – ₹12,274

- Mumbai: 24K – ₹13,538  22K – ₹12,410

- Chennai: 24K – ₹13,420  22K – ₹12,300

- Kolkata: 24K – ₹13,390  22K – ₹12,274

- Silver: ~₹1,97,100–₹2,03,000/kg across cities.

- Market Outlook: Analysts suggest buying on dips, with gold expected to trade in the ₹1,32,000–₹1,36,000 band this week.

- Global Factors: Spot gold stood at $4,315/oz, supported by weaker dollar and easing yields.

Sources: DNA India, Goodreturns, News18