Gold and Silver prices on December 5: Check latest rates of metro cities here

According to GoodReturns, the price of 22-carat gold was at Rs 58,850 per gram; Rs 64,200 for 10 gm 24-carat gold and silver at Rs 78,500 per kg respectively.

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According to the GoodReturns, 22-carat gold prices in India are at Rs 5,885 per gram, while for 24-carat the price is at Rs 6,420 per gram on Tuesday.

On December 5, the price of 22-carat gold was at Rs 58,850 per gram; Rs 64,200 for 10 gm 24-carat gold and silver at Rs 78,500 per kg respectively, according to GoodReturns. At the same time, the silver rate was Rs 80.50 per gram whereas for 10 grams it was Rs 805.

Check rates of Gold and Silver here:

Cities

22-carat Gold (10 gm)

24-carat Gold (10 gm)

Silver (1 kg)

Delhi

59,000

64,350

80,500

Mumbai

58,850

64,200

80,500

Chennai

59,750

65,180

83,500

Kolkata

58,850

64,200

80,500

Bengaluru

58,850

64,200

79,000

Hyderabad

58,850

64,200

83,500

Kerala

58,850

64,200

83,500

Why is gold and silver crucial in India?

In a country where gold and silver have deep-rooted cultural and economic significance, keeping track of their rates is of paramount importance. Whether one is an investor, a bride-to-be, or someone who appreciates the allure of these precious metals, understanding the dynamics of gold and silver rates in India can be both fascinating and rewarding.