Gold Price Today, December 8: Yellow metal climbs to Rs 54000, silver above 1% on MCX — Check rates in Delhi, Mumbai, other cities

Gold Price Today, December 8: After witnessing a five-month high on Monday, the price of the yellow metal on Thursday again reached Rs 54000 level on the Multi Commodity Exchange (MCX). Gold has become expensive by approximately Rs 274 on December 8 compared to the previous day - December 7.

Silver showed brightness too. The metal was trading higher by over 1% in the futures market. It has become expensive by approximately Rs 890 on Thursday on MCX compared to yesterday.

At 09:00 AM today, both metals were trading in green. Gold February's futures quoted Rs 54,023 per 10 grams, up by 0.49 percent. Whereas Silver metal was trading at 1.31 percent and above the level of Rs 66,000. The Silver March futures were at Rs 66,270 per kg, in the morning trade.

Yesterday, gold price dipped by Rs 35 to Rs 54,054 per 10 grams in Delhi amid a fall in rates of the precious metal overseas, according to HDFC Securities. Silver also declined by Rs 251 to Rs 65,928 per kilogram, as per PTI report.

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Gold Price City-wise In India as of December 8, 2022 for 24k:

Chennai- Rs 54,720

Mumbai- Rs 54,000

Delhi- Rs 54,150

Kolkata- Rs 54,000

Bangalore- Rs 54,050

Hyderabad- Rs 54,000

Kerala- Rs 54,000

Pune- Rs 54,000

Vadodara- Rs 54,050

Ahmedabad- Rs 54,050

Lucknow- Rs 54,150

Vijayawada- Rs 54,000

Patna- Rs 54,050

Nagpur- Rs 54,000

Chandigarh- Rs 54,150

Surat- Rs 54,050

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Bhubaneswar- Rs 54,000

Visakhapatnam- Rs 54,000

Nashik- Rs 54,030

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before investing/purchasing.)

After the Reserve Bank of India (RBI) hiked the repo rate by 35 basis points, the rupee pared initial losses and settled marginally higher at 82.47 against the US dollar on Wednesday, said PTI.