Gold Rate Today: Today, the price of gold has fallen on the first day of the week. The rate of 10 grams 24 carat gold has fallen by Rs 500 to Rs 800. At the same time, 22 carat gold has decreased by Rs 500 compared to Friday’s closing price. Gold is trading below Rs 63,000 in most of the cities. The price of silver is trading around Rs 76,000.
Gold price on 12 December 2023
Gold rate in Delhi
The price of 22 carat gold in Delhi was Rs 57,300 per 10 grams. For 24 carat, customers will have to pay Rs 62500 per 10 grams.
Gold rate in Mumbai
Talking about other cities of the country, the retail price of 22 carat gold in Ahmedabad, Gujarat is Rs 57,150 and the price of 24 carat gold is Rs 62,350 per 10 grams.
Gold rate in Chennai
In Chennai, 22 carat gold was Rs 57,6500 per 10 grams. The retail price of 24 carat gold in Chennai, the capital of Tamil Nadu, is Rs 62,890 per 10 grams.
This was the gold rate in big cities of the country on December 12, 2023
| City | 22 carat gold rate | 24 carat gold rate |
| Ahmedabad | 57,200 | 62,400 |
| Gurugram | 57,300 | 62,500 |
| Kolkata | 57,150 | 62,350 |
| Lucknow | 57,300 | 62,500 |
| Bangalore | 57,150 | 62,350 |
| Jaipur | 57,300 | 62,500 |
| Patna | 57,200 | 62,400 |
| Bhubaneswar | 57,150 | 62,350 |
| Hyderabad | 57,150 | 62,350 |
Gold prices depend on these reasons
The price of gold is largely decided on the basis of demand and supply of gold in the market. If the demand for gold increases, the rate will also increase. If the supply of gold increases, the price will decrease. The price of gold is also affected by global economic conditions. For example, if the international economy is performing poorly, investors will look to gold as a safe investment option. This will increase the price of gold.
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