Gold and Silver prices on December 6: Check latest rates here

According to GoodReturns, the price of 22-carat gold was at Rs 57,840 per gram; Rs 63,100 for 10 gm 24-carat gold and silver at Rs 78,200 per kg respectively.

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According to the GoodReturns, 22-carat gold prices in India are at Rs 5,784 per gram, while for 24-carat the price is at Rs 6,310 per gram on Wednesday.

On December 6, the price of 22-carat gold was at Rs 57,840 per gram; Rs 63,100 for 10 gm 24-carat gold and silver at Rs 78,200 per kg respectively, according to GoodReturns. At the same time, the silver rate was Rs 78.20 per gram whereas for 10 grams it was Rs 782.

Check rates of Gold and Silver here:

Cities

22-carat Gold (10 gm)

24-carat Gold (10 gm)

Silver (1 kg)

Delhi

57,990

63,250

78,200

Mumbai

57,840

63,100

78,200

Chennai

58,490

63,810

81,000

Kolkata

57,840

63,100

78,200

Bengaluru

57,840

63,100

77,250

Hyderabad

57,840

63,100

81,000

Kerala

57,840

63,100

81,000

What determines gold and silver rates?

To comprehend the fluctuations in gold and silver rates, it's crucial to know the factors that influence them. These include:

Global Market Trends - Global economic conditions, geopolitical events, and currency fluctuations can significantly impact the rates of gold and silver in India.

Local Demand and Supply - Domestic factors, such as festive seasons and weddings, influence the demand for gold in India. Moreover, mining and import policies play a role in supply and pricing.

Investment Opportunities:

Buying Gold and Silver - Learn about various ways to invest in gold and silver, from physical purchases to digital investments like ETFs and sovereign gold bonds.

In a country where gold and silver are more than just commodities, understanding their rates and significance is essential. By staying informed about global and local factors affecting their prices and making strategic investment decisions, you can navigate the ever-changing landscape of gold and silver rates in India.