Gold and silver bullion prices have fallen compared to yesterday but are still 1.6% higher than the last five days. The spot gold prices in the international market fell by 1% to $2,630.99 per ounce. The fall in prices was attributed to the strong Dollar Index pulling the prices lower.
“Domestically, the correction is here for the better as India enters the wedding season, one of the two biggest gold-buying seasons in the country. Given the sentimental value attached to the yellow metal, the price factor plays a minimal role in influencing the buyer’s decision, keeping the overall demand robust,” said Colin Shah, MD of Kama Jewelry.
Gold and silver rates today, December 03
The 24-carat gold rate in India was quoted for a price of Rs 76,540 per 10 grams on December 03. The rate for 24-carat gold per gram is Rs 7,654. While the rate of 22-carat gold was Rs 70,162 per 10 grams.
The price of 24-carat gold has risen by 1.6% in the last week. However, it has fallen by 1.7% in the last ten days. The silver is available to Indian customers today at a price of Rs 90,490 per kilogram.
Gold rate in Mumbai on December 03
Today, the 24-carat Gold is priced at Rs 76,540/10 grams. On December 02, the gold was available for Rs 77,020/10 grams. A week back, on November 26, gold was sold for Rs 75,280/10 grams.
Silver rate in Mumbai on December 03
Silver was sold for a price of Rs 90,490/Kg on December 03 in Mumbai, a fall of Rs 330 from December 02, when it was priced at Rs 90,820/Kg and a week ago the price was Rs 88,060.
Gold rate in Delhi on December 03
On December 03, the gold was selling for Rs 76,410/10 grams. The gold was quoted at Rs 76,880/10 grams on December 02. While the price of the 24K gold was Rs 75,150/10 grams a week ago.
Silver rate in Delhi on December 03
In Delhi, the silver was priced at Rs 90,330/Kg on December 03. The price of silver was Rs 90,660/Kg on December 02. A week ago, the silver was trading for a price of Rs 87,900/Kg.
Gold rate in Kolkata on December 03
The 24-carat gold was trading for a price of Rs 76,440/10 grams,
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