As soon as the markets opened this morning, a huge jump was seen in the prices of gold and silver. From investors to jewelry lovers, everyone is keeping a close eye on these changes. The strength of the international market and the fall of the Indian rupee have taken domestic prices to new heights. Let us know why this trend is becoming and what effect it can have on the common people.

Why is there movement in the gold market? Gold has always been considered a safe investment option, especially in times of economic uncertainties. There was pressure on gold prices in the last few weeks, but now it is showing an upward trend again. In cities like Delhi, the price of 24 carat gold has reached Rs 1,30,740 per 10 grams, while in Mumbai it is trading at Rs 1,30,590. Globally, the spot price of gold is hovering around $4,207.67 an ounce.

A major reason for this surge is the weakening of the rupee against the dollar. When the rupee falls, the cost of imported gold increases, which directly impacts domestic prices. History is witness to the fact that during the global recession of 2008 or the pandemic of 2020, gold gave good returns to investors. According to experts, if this trend continues, gold can give a profit of 5% to 10% in the long term.

Latest Gold Rates in Major Cities Gold prices may vary slightly in different cities of India, depending on local demand, taxes and transportation costs. Here are the 22 carat and 24 carat gold rates in some major cities:

• Delhi: 22 carat – Rs 1,19,860, 24 carat – Rs 1,30,740


• Mumbai: 22 carat – Rs 1,19,710, 24 carat – Rs 1,30,590


• Chennai: 22 carat – Rs 1,19,710, 24 carat – Rs 1,30,590


• Kolkata: 22 carat – Rs 1,19,710, 24 carat – Rs 1,30,590


• Lucknow: 22 carat – Rs 1,19,860, 24 carat – Rs 1,30,740


• Ahmedabad: 22 carat – Rs 1,19,090, 24 carat – Rs 1,29,910

These rates can change throughout the day, so it is important to check the latest updates before purchasing.

Waiting for the Federal Reserve meeting: What will be the impact? The eyes of markets around the world are now fixed on the US Federal Reserve meeting to be held on December 9-10. Economists predict that the Fed may cut interest rates, which will be a positive signal for gold. When interest rates are low, people increase investment in assets like gold instead of bonds, because gold does not pay any interest but protects against inflation.

From a hypothetical but realistic expert point of view, Mumbai-based financial analyst Rakesh Sharma says, “If the dollar weakens due to the Fed’s policy, the demand for gold will increase further. In countries like India where the festival season is going on, it could push the prices further.” Global demand for gold has increased by 4% compared to last year, which supports this trend.

The shine of silver also increased: Reasons and trends Along with gold, silver is also on the path of inflation. Today its price has reached Rs 1,91,100 per kg, while in the international market it is trading at $ 58.47 per ounce. Silver is used not only in jewelery but also in electronics, solar panels and medical equipment, which keeps its demand stable.

According to experts, silver prices are more volatile than gold, but benefit from global industrial growth. If the rupee continues to fall, silver may cross Rs 2,00,000 per kg.

Why does this surge matter? The rising prices of gold and silver are important not only for investors but also for common families. People buying jewelery on weddings or festivals will now have to plan more budget. Economically, it indicates inflation and can affect the stock market. But the positive side is that gold acts as a hedge, protecting assets in economic downturns.

If you are thinking of investing, experts recommend adopting an approach like SIP in small amounts. Overall, this trend reflects the uncertainties in the global economy, but also creates opportunities for smart investors.