Gold prices in India edged lower on Tuesday, December 16, across all major purities, tracking weakness in global bullion prices and a stronger US dollar. The decline comes after recent volatility in international markets, with investors remaining cautious ahead of key global economic cues.
As per the latest data, 24-carat gold slipped by ₹152 per gram to ₹13,386, compared with ₹13,538 on the previous day. 22-carat gold was priced at ₹12,270 per gram, down ₹140, while 18-carat gold fell ₹115 to ₹10,039 per gram.
On a quantity basis, the fall was equally visible. Ten grams of 24K gold now costs ₹1,33,860, down ₹1,520 from Monday, while 100 grams is priced at ₹13,38,600, lower by ₹15,200. For 22K gold, 10 grams stands at ₹1,22,700, and 100 grams at ₹12,27,000, both reflecting a sharp day-on-day decline.
Similarly, 18K gold saw 10 grams priced at ₹1,00,390, down ₹1,150, while 100 grams slipped to ₹10,03,900.
Market participants attribute the softness to easing safe-haven demand globally and cautious buying in the domestic market due to elevated price levels over recent weeks. Jewellers also reported muted retail demand as consumers remain price-sensitive ahead of the wedding season.
Note: Gold prices are indicative and may vary across cities. Rates do not include GST, TCS and making charges.
