Gold and Silver Rates Today, December 27: In Mumbai, 24-carat gold is priced at Rs 1,38,930 per 10 grams, while 22-carat gold costs Rs 1,27,350 per 10 grams.
Gold and Silver Rates Today, December 27: Extending their upward trend, gold and silver prices touched fresh highs on Saturday, December 27, driven by safe-haven demand and expectations of further US interest rate cuts next year. In Mumbai, 24-carat gold was priced at Rs 1,40,030 per 10 grams, while 22-carat gold stood at Rs 1,28,360 per 10 grams. These prices exclude GST and making charges. Spot silver was trading at Rs 2,40,100 per kg.
In Mumbai, the price of 24-carat gold stood at Rs 1,40,030 per 10 grams, while 22-carat gold was priced at Rs 1,28,360 per 10 grams. These rates are exclusive of GST and making charges. Meanwhile, silver was trading at Rs 2,40,100 per kg in the spot market.
Gold Rates in Major Indian Cities (December 27)
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,28,510 | Rs 1,40,180 |
| Jaipur | Rs 1,28,510 | Rs 1,40,180 |
| Ahmedabad | Rs 1,28,410 | Rs 1,40,080 |
| Pune | Rs 1,28,360 | Rs 1,40,030 |
| Mumbai | Rs 1,28,360 | Rs 1,40,030 |
| Hyderabad | Rs 1,28,360 | Rs 1,40,030 |
| Chennai | Rs 1,28,360 | Rs 1,40,030 |
| Bengaluru | Rs 1,28,360 | Rs 1,40,030 |
| Kolkata | Rs 1,28,360 | Rs 1,40,030 |
Global Market Trend
Internationally, gold prices surged to record highs, supported by safe-haven buying and growing expectations of interest rate cuts by the US Federal Reserve.
Gold has climbed over 70% this year, marking its strongest annual performance since 1979. The rally has been fueled by geopolitical uncertainty, central bank purchases, de-dollarisation trends, ETF inflows, and easing monetary policy expectations.
Silver has outperformed gold, surging more than 150% during the same period, driven by strong investment demand, momentum buying, and its inclusion on the US critical minerals list.
What Influences Gold Prices in India?
Gold prices in India are influenced by multiple factors, including:
- International gold rates
- Import duties and taxes
- Currency exchange rate fluctuations
Gold holds significant cultural and financial importance in India, especially during weddings and festivals, making it a preferred investment choice.
With markets remaining volatile, investors and traders closely track daily price movements to stay ahead of changing trends.