Gold and Silver prices on December 19: Check rates here

According to GoodReturns, the price of 22-carat gold was at Rs 57,400 per gram; Rs 62,620 for 10 gm 24-carat gold and silver at Rs 77,500 per kg respectively.

Alina Khan Last Updated : 19 December 2023, 10:59 AM IST

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According to the GoodReturns, 22-carat gold prices in India are at Rs 5,740 per gram, while for 24-carat the price is at Rs 6,262 per gram on Tuesday.

On December 19, the price of 22-carat gold was at Rs 57,400 per gram; Rs 62,620 for 10 gm 24-carat gold and silver at Rs 77,500 per kg respectively, according to GoodReturns. At the same time, the silver rate was Rs 77.50 per gram whereas for 10 grams it was Rs 775.

Check rates of Gold and Silver here:

Economic Importance of Gold in India:

• Investment and Security: Gold is seen as a safe haven and hedge against inflation, economic uncertainty, and currency fluctuations. Indians traditionally invest a significant portion of their savings in gold, considering it a secure and reliable form of wealth.

• Employment and Industry: The gold industry in India is a major source of employment, driving the economy in mining, refining, manufacturing, and trading.

• International Trade: India is one of the world's largest gold importers and consumers, influencing global gold prices and trade.

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