Gold Rates Surge Post-Fed Cut: 24K Hits ₹1,43,000+ in Key Cities

Domestic gold rates climbed sharply after the Federal Reserve's 25 bps rate reduction, weakening the dollar and lifting bullion globally to $4,239/oz. In India, 24K prices per 10g rose to ₹1,42,772 (pan-India average), up ₹831 from Dec 10, driven by jeweler restocking and investment flows. 22K followed at ₹1,31,531 (+₹766), reflecting MCX spot gains. City premiums vary due to taxes/Making Charges (2-10%).​

Experts eye sustained upside from further Fed easing (75 bps expected 2026) and geopolitical tensions, though dollar rebound caps gains.​

Key Highlights:

24K/10g Rates: Delhi ₹1,42,772; Mumbai ₹1,42,357; Chennai ₹1,36,270; Kolkata ₹1,40,559.​

22K/10g: Delhi ₹1,31,531; Mumbai ₹1,31,233; up 0.59% daily.​

18K/10g: ₹1,07,617 pan-India (+₹627).​

Per Gram (24K): ₹13,032-₹14,277 across cities.​

Global Trigger: Fed cut sparks 0.3% spot gold rise; silver record $62/oz.​

Sources: Goodreturns, ABP Live, WSJ Commodities.​