Gold and Silver prices on December 20: Check latest rates of your city here

According to GoodReturns, the price of 22-carat gold was at Rs 57,750 per gram; Rs 63,000 for 10 gm 24-carat gold and silver at Rs 78,500 per kg respectively.

Edited By: Alina Khan

Last Updated : 20 December 2023, 10:05 AM IST

According to the GoodReturns, 22-carat gold prices in India are at Rs 5,775 per gram, while for 24-carat the price is at Rs 6,300 per gram on Wednesday.

On December 20, the price of 22-carat gold was at Rs 57,750 per gram; Rs 63,000 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 78.50 per gram whereas for 10 grams it was Rs 785.

Check rates of Gold and Silver here:

Cities	22-carat Gold (10 gm)	24-carat Gold (10 gm)	Silver (1 kg)
Delhi	57,900	63,150	78,500
Mumbai	57,750	63,000	78,500
Chennai	58,350	63,650	80,200
Kolkata	57,750	63,000	78,500
Bengaluru	57,750	63,000	76,200
Hyderabad	57,750	63,000	80,200
Kerala	57,750	63,000	80,200

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.

Also Read

Tags :

Gold and Silver prices on December 20: Check latest rates of your city here