Gold and silver prices climbed across India on December 11, with both metals continuing their steady upward run driven by strong investor demand. In most major cities, 24-carat gold traded at around ₹1,30,480 per 10 grams, marking a modest but steady daily gain. The 22-carat variant hovered near ₹1,19,000 per 10 grams, reinforcing the broad rise across bullion categories.
Silver saw an even sharper jump. Rates reached ₹1,92,160 per kilogram, inching closer to the ₹2-lakh mark that analysts say may soon be tested if current global trends persist. Across cities such as Delhi, Mumbai, Chennai, Bengaluru and Kolkata, silver remained in the ₹1.91–1.92 lakh range, reflecting uniform upward momentum in retail markets.
The surge in precious-metal prices comes amid continued global uncertainty. With financial markets fluctuating and currencies facing pressure, investors are once again gravitating towards traditional safe-haven assets. Analysts note that gold and silver often gain in periods when risk appetite weakens, and the latest price action reflects that sentiment clearly.
Bullion dealers say footfall has remained steady despite the higher rates. However, jewellery buyers, especially those planning wedding purchases, are beginning to feel the pinch. Many are shifting to lighter designs or lower-karat options to manage rising costs. Traders also report that some customers are postponing major purchases, hoping for a correction later in the month.
For investors, the uptick reinforces gold and silver’s role as hedges against volatility. Experts advise monitoring price movements closely, as international developments could continue to influence domestic markets.
Prices are expected to remain elevated in the near term, with global cues, interest-rate trends, and currency movements likely to shape the next leg of the rally.
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