At 6:05 a.m. IST on December 8, the spot price of gold was $4,207 per ounce, a rebound of around 0.29 percent over the previous day.
India’s December gold futures ended Friday’s trading at Rs 1,30,419 per 10 grams of 24-carat purity, a decrease of 0.033 percent from the previous close.
On December 6, the rupee’s value in relation to the US dollar was 89.945.
According to FedWatch statistics, which monitors the likelihood of adjustments to the Fed rate, 88.4 percent of interest rate traders vote in favor of a 350–375 target rate bps at the next U.S. Federal Reserve meeting on December 9.
In its rate session on December 5 at 18:30 p.m., the Indian Bullion and Jewellers Association (IBJA) set the price of yellow at Rs 1,28,592 for 10 grams of 999 grade.
India’s current city-specific gold prices
Major Indian cities’ gold prices were very consistent, with only little variations brought on by local taxes, jeweler margins, and transportation expenses.
🏅 Gold Rates in India Today (₹)
- 10 Grams Pure Gold (999 Purity): ₹1,28,592
- 10 Grams Pure Gold (995 Purity): ₹1,28,077
- 10 Grams Pure Gold (916 Purity): ₹1,17,790
- 10 Grams Pure Gold (750 Purity): ₹96,444
- 10 Grams Pure Gold (585 Purity): ₹75,226
Source: IBJA 18:30 p.m. rate
Price accurate as of December 5, 2025.
Why are the prices of gold rising?
Gold and silver prices are stabilizing as increasing US Treasury rates offset support from a declining dollar, according to an Augmot analysis released on December 5. Investors are waiting for the Federal Reserve’s policy position before its December meeting.
🏅 Gold Rates in Top Indian Cities Today (₹)
| City | 24K (per gram) | 22K (per gram) | 18K (per gram) |
|---|---|---|---|
| Chennai | 13,113 | 12,020 | 10,025 |
| Mumbai | 12,996 | 11,885 | 9,724 |
| Delhi | 12,981 | 11,900 | 9,739 |
| Kolkata | 12,966 | 11,885 | 9,724 |
| Bangalore | 12,966 | 11,885 | 9,724 |
| Hyderabad | 12,966 | 11,885 | 9,724 |
| Kerala | 12,966 | 11,885 | 9,724 |
| Pune | 12,966 | 11,885 | 9,724 |
| Vadodara | 12,971 | 11,890 | 9,729 |
| Ahmedabad | 12,971 | 11,890 | 9,729 |
A weaker US dollar ahead of the Federal Reserve meeting is supporting investor interest, which is why gold is staying steady today. The weakening of the dollar continues to boost demand for bullion, even as rising US Treasury rates are posing a challenge. According to Rahul Gupta, Chief Business Officer of Ashika Group, “investors seem to be pricing in a favorable economic picture as long as gold remains robust at critical support levels of 1,28,200 and safe-haven demand remains strong.”
Prognosis: Will gold’s surge continue this week?
Gold has resumed its upward trajectory, according to the Augmont Bullion report released on December 5. The next targets are $4,300 (Rs 132,000) and $4,345 (Rs 133,500), with solid support around $4200 (Rs 129,000).
