In 2024, gold and silver have given higher returns than the Nifty and Sensex, with year-to-date gains of 26% and 34.4% respectively. This strong performance has been fuelled by geopolitical uncertainties, central bank actions, and anticipation of lower interest rates.
Gold prices surged across major metro cities in India on December 31, 2024. In Mumbai, 24-carat gold is priced at ₹7,550 per gram, down by ₹42. Similarly, 22-carat gold now costs ₹7,190 per gram, marking a fall of ₹40. The 24-carat gold price is priced at ₹75,500 down by ₹420 per 10 grams.
In Delhi, the price of gold for 22-carat is currently ₹72,100 per 10 grams, reflecting a decrease from ₹72,500 recorded on 30th December 2024. Meanwhile, spot gold was at $2,613.66 (+0.31%) an ounce during the afternoon session.
Here is a detailed breakdown of gold prices as of December 31, 2024:
| City | 24 Carat Gold (per 10gm in ₹) | 22 Carat Gold (per 10gm in ₹) |
| Chennai | 74,660 | 71,100 |
| Hyderabad | 74,660 | 71,100 |
| Delhi | 75,710 | 72,100 |
| Mumbai | 75,500 | 71,900 |
| Bangalore | 72,250 | 75,860 |
Spot silver decreased by 0.07% to $28.94 an ounce during the afternoon session.
| City | Silver Rate (Dec 31) |
| Mumbai | ₹87,460/Kg |
| Delhi | ₹87,310/Kg |
| Kolkata | ₹87,350/Kg |
| Chennai | ₹87,720/Kg |
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
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