Gold Rates Today Under Pressure On Dec-5, Silver Rate Too; BUY/SELL Outlook On 24K, 22K, 18K Gold Prices

Gold rates in India are under pressure on December 5, as RBI announces its key rates decision. MCX gold price struggled around Rs 1.30 lakh mark per 10 grams. On the other hand, silver rates skyrocketed by nearly Rs 2,000, outperforming gold on MCX. Notably, 24 carat, 22 carat and 18 carat gold prices saw cautious movement. The upcoming US Core PCE Price Index will be crucial for driving sentiment in precious metals.

MCX Gold Price + MCX Silver Price

At the time of writing, MCX gold price with February 2026 expiry, traded at Rs 1,30,008 per 10 grams, down by Rs 70 or 0.5%. Meanwhile, MCX silver price with February 2026 expiry, performed at Rs 1,80,550 per 1Kg, higher by Rs 1,613 or 0.90%.

"The upcoming US Core PCE Price Index will be crucial for gauging inflation trends and shaping the Fed's December policy stance. Gold is expected to remain volatile within a range of Rs 1,29,400- Rs1,30,750," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Gold Rates In India:

10 grams gold price is currently at Rs 1,29,650 in 24 carat, at Rs 1,18,840 in 22 carat and at Rs 97,230 in 18 carat.

Meanwhile, 100 grams gold price stood at Rs 12,96, 500 in 24 carat, at Rs 11,88,400 in 22 carat and at Rs 9,72,300 in 18 carat.

What Should Investors Do With Gold Prices?

As per Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA), traders are tempering expectations of early rate cuts, and therefore, sentiments remain subdued. The current level may see some selective buying, but overall momentum stays restricted. Unless major economic data sparks a shift, gold is likely to move in a narrow range, driven mostly by short-term market cues.

Silver Rates In India:

Meanwhile, silver rates in India dipped marginally by Rs 100 to Rs 1,90,900 per 1Kg. The 100 grams and 10 grams silver is priced at Rs 19,090 and Rs 1,909 respectively. The cheapest silver is priced at Rs 190.90 per 1 gram.

What Should Investors Do With Silver Rates In India?

In Kamboj's view, industrial demand signals have turned softer, keeping near-term trading momentum on the lighter side. While the current level could provide some buying opportunity for opportunistic buyers, broader direction remains dependent on global manufacturing trends and macro flows. Price movement is expected to remain steady yet cautious, alongside modest swings with changes in international market sentiment.

Gold Prices Outlook For 2026:

According to Ventura Securities, the runway is set for the Year 2026 to have an extended rally in Gold. The cocktail could be powered by the Central bank buying, stubborn inflation, widening US deficits and concerns around the US economy and tariffs. The expectations of 75 bps FED rate cuts could keep the gold bid going. Gold's bullish story is still unfolding and possibly far from over. As a hedge against inflation institutional investors could chip in, followed by the retail and speculators participation in the market volatility seeking safety. This could result in an expected price range of $4600 - $4800.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.