Gold Rates In India Record Ups & Downs This Week: Silver Rate Beats; 24K, 22K, 18K Gold Prices Outlook Ahead

Gold rates in India crashed on Saturday, December 6th, with 100 grams gold falling by Rs 5,400 and Rs 10 grams dropping by Rs 540 in 24 carat. Similarly, 22 carat and 18 carat gold prices declined significantly. It needs to be noted that gold prices witnessed a volatile week, with substantial ups and downs. On the other hand, silver price in India climbed sharply to stay near its record high.

Gold Rates In India:

24 carat gold price is at Rs 1,30,150 per 10 grams, down by Rs 540 on December 6, while 100 grams gold price plunged by Rs 5,400 to Rs 13,01,500. Also, 8 grams gold is down by Rs 432 to Rs 1,04,120. Additionally, 1 gram gold is at Rs 13,015, lower by Rs 54.

Coming to 22 carat, 10 grams gold rate slipped by Rs 500 to Rs 1,19,300, and 100 grams gold plunged by Rs 5,000 to Rs 11,93,000. Meanwhile, 8 grams and 1 gram gold prices dropped by Rs 400 and Rs 50 to Rs 95,440 and Rs 11,930 respectively.

Additionally, in 18 carat, gold price tumbled by Rs 410 to Rs 97,610 per 10 grams, further plummeted by Rs 4,100 to Rs 9,76,100 per 10 grams, dropped by Rs 328 to Rs 78,088 per 8 grams and finally edged lower by Rs 41 to Rs 9,761 per 1 gram.

Gold Prices This Week:

The performance has been volatile, with each day accounting for ups and downs. For instance, if 100 grams gold price in 24 carat, dropped by Rs 5,400 on December 6th, it was up by Rs 10,300 on December 5th. But the same gold declined by Rs 9,200 on December 4th, and was up by Rs 7,100 on December 3rd. 100 grams gold price, meanwhile, declined by Rs 6,100 on December 2nd and started the month with an upside of Rs 6,600 on December 1st.

Despite the latest weekly performance, gold has seen remarkable growth in 2025. According to World Gold Council data, gold has experienced a remarkable 2025, achieving over 50 all-time highs and returning more than 60% as of the end of November, driven by heightened risk, dollar weakness and price momentum.

Silver Rates In India:

Unlike gold, silver rates have surged in India on Saturday. 1Kg silver is at Rs 1,90,000, higher by Rs 3,000. Further, the price of 100 grams and 10 grams silver stood at Rs 19,000 and Rs 1,900. The cheapest silver is priced at Rs 190 per 1 gram.

Silver outperforms gold with an upside of over 1%. While gold is down by 0.41% this week.

What To Expect In Gold & Silver Prices Ahead?

Investors remain cautious in precious metals ahead of the US Federal Reserve policy outcomes, which are scheduled for next week.

As per Kaynat Chainwala, AVP Commodity Research, Kotak Securities, spot gold is currently holding above $4,220 per ounce as investors remain cautious ahead of key U.S. inflation data that will influence the Federal Reserve's upcoming policy decision. A softer U.S. dollar has supported bullion, while ongoing geopolitical uncertainties related to the Russia-Ukraine conflict continue to drive demand for safe-haven assets.

For silver, Chainwala said, spot silver rose nearly 2% to $58.50 per ounce, poised for a strong weekly gain following a recent record high. Market sentiment reflects mixed U.S. labor data, with jobless claims at a three-year low contrasting with a contraction in private payrolls, reinforcing expectations of an easing monetary policy.

The analyst highlighted that market is currently pricing in a 87% probability of a 25-basis-point Fed rate cut next week.

"The near-term outlook for bullion remains cautiously positive, as investors focus on the Personal Consumption Expenditures (PCE) inflation report, the Fed's preferred gauge. A softer inflation reading could boost rate-cut expectations and support further gains, while a stronger print may cap upside. Gold and silver may experience increased volatility ahead of next week's Federal Open Market Committee (FOMC) meeting," Chainwala added.

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