Gold Rates in India Today, 28-Dec: Price of 24K Gold Drops by Rs 1,600 per 100 Grams; Silver Gains Rs 100 per Kilogram

Gold Prices See Significant Drop; Silver Gains Slightly in India Today

On December 28, gold buyers in India woke up to some surprising news as the price of 24-carat gold saw a notable dip, dropping by ₹1,600 per 100 grams. This price shift comes as a relief to many, especially during the ongoing wedding season when demand for gold traditionally peaks. Meanwhile, silver prices moved in the opposite direction, registering a modest increase of ₹100 per kilogram.

In major cities like Delhi, Mumbai, and Chennai, the updated price of 24K gold now stands around ₹59,200 per 10 grams, down from ₹60,800 earlier. For 22-carat gold, commonly used in jewelry, prices have also seen a proportional reduction, making it a more attractive buy for consumers. Silver, on the other hand, saw its price rise slightly to approximately ₹73,100 per kilogram across key markets.

Market analysts attribute the gold price decline to a stronger rupee against the dollar and fluctuations in international gold rates, which have been affected by ongoing global economic uncertainty. Silver’s uptick is linked to rising industrial demand and steady performance in the commodities market.

For many Indians, gold is not just a commodity but a symbol of tradition, security, and prosperity. The latest price dip is expected to boost purchases, especially in rural areas where gold remains a favored asset. Jewelers across the country are anticipating increased footfall in the coming days, while investors are closely monitoring the trends to make strategic decisions.

As the year comes to a close, the divergence in gold and silver prices underscores the dynamic nature of the commodities market. Buyers are advised to check their local rates before making purchases, as prices can vary slightly depending on state taxes and market demand.