Gold Rates Today Crashed, Silver Rate Flat Ahead Of RBI Policy; 24K, 22K, 18K Gold Prices Prediction

Gold rates in India have crashed significantly in India on December 4, 2025, with 100 grams of gold falling by Rs 2,200 and 10 grams of gold dropping by Rs 220 in 24 carat. On the other hand, silver rates in India stood flat and took a breather from their all-time high rally. In major metro cities, gold is expensive in Chennai compared to Mumbai, Bengaluru, Delhi and Hyderabad. Notably, the medium-term outlook is firmly bullish for precious metals. The performance comes ahead of RBI policy outcomes on December 5.

Gold Rates In India:

10 grams gold price fell by Rs 220 to Rs 1,30,360 in 24 carat, was down by Rs 200 to Rs 1,19,500 in 22 carat and lower by Rs 160 to Rs 97,780 in 18 carat.

Meanwhile, 100 grams gold rate dropped by Rs 2,200 to Rs 13,03,600 in 24 carat, plunged by Rs 2,000 to Rs 11,95,000 in 22 carat, and tumbled by Rs 1,600 to Rs 9,77,800 in 18 carat.

Silver Rates In India:

Unlike gold, silver rates paused from their record high rally. 1Kg silver price stood at Rs 1,91,000 which is its new high that was touched in the previous day. Meanwhile, 100 grams and 10 grams silver rates are currently at Rs 19,100 and Rs 1,910. The cheapest silver is at Rs 191 per 1 gram.

What Is Impacting Silver & Gold Rates In India?

"Gold and silver traded with sharp intraday volatility, rebounding from the day's lows but failing to sustain gains, ultimately closing flat. Precious metals inched toward fresh highs on Wednesday as market participants react to key U.S. economic data and rising geopolitical tensions. The ADP Non-Farm Employment Change report released yesterday came in well below expectations, with a significant miss that has fueled speculation about the Fed's next steps. The weak data pushed the dollar index below the 99 mark, giving additional momentum to precious metals," said Rahul Kalantri, VP Commodities, Mehta Equities.

MCX Gold Price + MCX Silver Price

At MCX, precious metals crashed significantly. MCX gold price with February 2026 expiry, plummeted by Rs 720 or 0.6% to Rs 1,29,742 per 10 grams at the time of writing. The bullion was near its intraday low of Rs 1,29,702 per 10 grams.

Additionally, MCX silver with February 2026 expiry, declined by Rs 1,987 or 1.09% to trade at Rs 1,81,000 per 1Kg, which is also near its intraday low of Rs 1,80,929 per 1Kg.

Gold Price Outlook:

As per Ponmudi R, CEO of Enrich Money, a clean and sustained close above ₹1,32,300 can accelerate the rally toward ₹1,34,400-₹1,35,500. Immediate support lies near ₹1,30,000, while the stronger medium-term base is placed near ₹1,28,400. The medium-term trend remains firmly bullish, supported by the sharp rise in USD/INR near 90.36. Even if global Gold consolidates, a weaker rupee continues to mechanically lift MCX Gold, keeping domestic prices elevated.

Also, for COMEX gold, Ponmudi said, a decisive breakout above $4,300 could reopen the upside toward $4,350-$4,400, while a break below $4,200 may trigger a deeper pullback toward $4,080. Despite the current consolidation, Gold remains well-positioned for strong upside volatility, supported by falling real yields, expectations of rate cuts, geopolitical uncertainty, and consistent central-bank accumulation. As long as $4,200 holds, the primary bullish trend remains firmly in place.

Moreover, for both gold and silver, Kalantri added, "Gold has support at $4175-4145 while resistance at $4270-4295. Silver has support at $57.70-56.85 while resistance is at $58.95-59.45. In INR gold has support at Rs1,29,450-1,28,750 while resistance at Rs1,30,950-1,31,700. Silver has support at Rs1,80,750-1,79,200 while resistance at Rs1,83,510, 1,84,670."

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