Mumbai, Dec 09 : On 9 December 2025, gold prices in India saw a minor decline as investors awaited the US Federal Reserve’s policy announcement. The price of 24K gold is ₹1,29,780 per 10 grams, down ₹40 (0.03%) from the previous day, while 22K gold is trading at ₹1,18,965 per 10 grams, also down 0.03%. Meanwhile, 18K gold is priced at ₹97,335 per 10 grams.
Gold rates in India continue to remain higher than international benchmarks. For example, 24K gold in Dubai is priced at ₹1,12,816 per 10 grams, making Indian rates nearly 15% costlier. The price difference is influenced by import duties, taxes, and logistics.
Why Gold Prices Are Moving:
The slight dip in gold is attributed to markets closely tracking the US Fed’s monetary policy. While Fed Chair Jerome Powell maintains a hawkish stance, recent dovish remarks from other officials have led markets to price in a potential 25-basis-point rate cut. Global factors, including China’s continued gold purchases, also support a bullish outlook.
Silver, meanwhile, is impacted by industrial demand from electronics, renewable energy, and solar panel manufacturing.
City-wise Gold Prices (₹ per 10 grams):
Mumbai: 24K ₹1,29,780 | 22K ₹1,18,965 | 18K ₹97,335
Delhi: 24K ₹1,29,560 | 22K ₹1,18,763 | 18K ₹97,170
Chennai: 24K ₹1,30,160 | 22K ₹1,19,313 | 18K ₹97,620
Bengaluru: 24K ₹1,29,880 | 22K ₹1,19,057 | 18K ₹97,410
Ahmedabad: 24K ₹1,29,950 | 22K ₹1,19,121 | 18K ₹97,463
Investor Outlook:
Analysts advise retail investors to track both domestic and international gold trends before making purchase decisions. Strong anticipation of a Fed rate cut, coupled with continued demand from global buyers, suggests that gold may maintain its bullish trajectory in the near term.