Gold price today
Gold price in the domestic futures market on MCX opened the Monday (December 15) session at Rs 1,34,600 per 10 grams of 24-Carat purity as of 9:03 am IST, which is marginally down at 0.49 percent from its all-time high of Rs 1,35,263 as recorded on December 12.
The price of the yellow metal on the futures market, where trading involves standardized contracts to buy and sell the precious metal at a predetermined price, reached its peak performance in India during the festive season, at Rs 1,34,024 on October 17, largely due to the impact of the US tariffs. The price gained 0.45 percent in a day and 3.18 percent in a week.
The spot price of gold, where the physical yellow metal is bought and sold for immediate delivery, stood just above $4,328 an ounce on December 15 (9:02 am IST), down 0.58 percent from its all-time high of $4,354 on December 12.
Notably, the sale of gold has dropped 35 percent YoY in November 2025, and analysts pinned “higher prices” as the reason for the decline in sales.
Analysts say that traders typically choose to buy or invest in assets like gold when interest rates are cut, as the value of cash stored in a bank or the return on a short-term bond falls.
Meanwhile, the rupee stood at 90.689 against the U.S. dollar on Monday (9:03 am IST), which is a 0.62 percent gain in one week.
Gold prices vary by purity. Check out below to see the prices of gold based on its purity.
| Gold Rates in India Today (₹) | |
|---|---|
| Gold Type | Price (₹) |
| 10 Grams of 24K Purity | 1,33,900 |
| 10 Grams of 22K Purity | 1,22,740 |
| 10 Grams of 18K Purity | 1,00,420 |
Source: Goodreturns
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City-wise gold prices in India Today
Gold rates across India’s major cities showed remarkable uniformity, with only marginal differences due to local taxes, jeweller margins, and logistics costs.
| Gold Rates in Top Indian Cities Today (₹) | |||
|---|---|---|---|
| City | 24K (per gram) | 22K (per gram) | 18K (per gram) |
| Chennai | 13,494 | 12,369 | 10,329 |
| Mumbai | 13,390 | 12,274 | 10,042 |
| Delhi | 13,406 | 12,289 | 10,057 |
| Kolkata | 13,390 | 12,274 | 10,042 |
| Bangalore | 13,390 | 12,274 | 10,042 |
| Hyderabad | 13,390 | 12,274 | 10,042 |
| Kerala | 13,390 | 12,274 | 10,042 |
| Pune | 13,390 | 12,274 | 10,042 |
| Vadodara | 13,396 | 12,279 | 10,047 |
| Ahmedabad | 13,396 | 12,279 | 10,047 |
Source: Goodreturns
Why are gold prices rising?
The Augmont Bullion report published on December 12 stated that gold has touched the upper side of the range of $4,300. The price of precious metals skyrocketed even though the Fed has turned dovish and hinted at a lower rate reduction in 2026.
Outlook: Will gold continue momentum this week?
The report further stated that the market is expected to see some profit booking, selling on rallies. Positive events related to the Ukraine peace deal may limit the bullion price’s upside. At the same time, the Fed said that it will buy approximately $40 billion in short-term Treasury bills to relieve money market stress, a move that is likely to contain short-term yields and bolster precious metals.