Today’s Gold Rate (Dec 20): 24K & 22K Prices Slide Across Major Cities

Gold and Silver Rates Today, December 20: 24K & 22K Prices Decline Across India.

Gold prices slipped on Saturday, December 20. In Mumbai, 24-carat gold was trading at ₹1,34,170 per 10 grams, while 22K gold stood at ₹1,22,990 per 10 grams. Silver was available at ₹2,08,990 per kg in the spot market. These rates exclude GST and making charges.

City-Wise Gold Rates (Dec 20)

Delhi: 24K – ₹1,34,000 | 22K – ₹1,22,800

Bengaluru: 24K – ₹1,34,050 | 22K – ₹1,22,900

Chennai: 24K – ₹1,34,100 | 22K – ₹1,22,950

Global Trends Affecting Prices

Gold exports from Switzerland to India fell sharply to 2 metric tons in November, the lowest since February, after a price rally pushed bullion to $4,381 per troy ounce in October. Meanwhile, shipments to China and the UK rose, reflecting shifting global demand.

What Drives Gold Prices in India

Gold rates in India are influenced by international market trends, import duties, taxes, and currency fluctuations. Cultural and festival demand, especially during weddings, also plays a key role. Investors track these changes closely, as gold remains a preferred safe-haven investment.