Gold price today: 24-carat gold at Rs 77,943 for 10 grams in Delhi; Check details
Silver holds steady at Rs 94,000 per kg; gold prices show no significant change across major Indian cities on December 5, 2024.
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Gold spot prices remain steady ahead of US payrolls data
Gold spot prices held firm at $2,647.17 per ounce, with little movement as markets await crucial US economic data.
City-wise gold prices across India on December 5, 2024
Gold prices in Delhi stand at Rs 77,943 per 10 grams, while Jaipur reports Rs 77,936. Find out the rates in other key cities.
Silver prices dip slightly amid global consolidation
Spot silver fell by 0.3 per cent to $31.21 per ounce, reflecting global trends as gold prices stabilize.
Key triggers for gold prices: Payroll data and rate cuts
Upcoming US payroll data and the Federal Reserve's monetary policy direction are the major factors influencing gold prices.
Federal Reserve’s rate strategy weighs on precious metals
Fed Chair Powell’s cautious tone on rate cuts and strong US economic data keep gold prices in check.
Demand for non-yielding assets under pressure
Higher interest rates continue to reduce the allure of non-yielding assets like gold, analysts say
Gold's short-term outlook: A breather ahead
Analysts predict that after outperforming in 2024, gold prices may consolidate in the short term due to dollar strength
Silver rates across top Indian cities
In Lucknow, silver rates hit Rs 94,900 per kg, while Delhi's rates remained steady at Rs 94,000 per kg.
India’s gold market shows stability amid global uncertainties
Despite global headwinds, India’s gold prices remain steady, with strong demand in major cities.
What’s driving precious metal prices today?
A mix of Federal Reserve policies, inflation data, and global events are shaping gold and silver prices.