Gold and silver prices in India moved up slightly on December 2, offering a steady start to the month for bullion buyers. While gold saw only a marginal rise, silver recorded a comparatively stronger jump.
The price of 24-carat gold increased by ₹10, bringing the rate for 10 grams to ₹1,30,490 across major markets. The movement was similar in 22-carat gold, which also rose by ₹10 to ₹1,19,610 for 10 grams. In Chennai, gold remained costlier than other metros, with 24-carat gold priced at ₹1,31,680 and 22-carat gold at ₹1,20,710.
Silver outperformed gold on the day. One kilogram of silver was priced at ₹1,88,100 in Delhi, Mumbai and Kolkata, a rise of ₹100 from the previous session. The metal has been gaining steady traction as both industrial demand and investor interest remain firm.
Across metros, gold prices stayed largely aligned: Bengaluru, Hyderabad, Mumbai and Kolkata recorded the same 22K rate of ₹1,19,610, while 24K held at ₹1,30,490. Slight variations in Delhi and Chennai reflected local demand and logistics.
The mild uptick in gold and the stronger movement in silver come at a time when global markets are cautious, and investors are gradually shifting towards safer assets. With the wedding season still active and year-end buying picking up, traders expect bullion demand to remain stable.
As gold holds near the ₹1.30-lakh mark and silver continues its upward swing, market watchers will look to global cues and domestic buying trends to gauge the next direction in precious metal prices.
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