Gold Prices Drop in India: Gold Rates on December 14, 2024
Gold enthusiasts and investors, take note: gold prices have significantly decreased today across India. On December 14, 2024, the rates for both 22 and 24 carat gold have seen a dip, offering a potential window for investment or purchase.
Current Gold Rates in Major Cities
Below is the current pricing for both 22 and 24 carat gold in key Indian cities:
| City | 22 Carat Gold Rate (₹/10 gm) | 24 Carat Gold Rate (₹/10 gm) |
| Delhi | ₹72,440 | ₹79,010 |
| Mumbai | ₹72,290 | ₹78,860 |
| Ahmedabad | ₹72,300 | ₹78,870 |
| Chennai | ₹72,290 | ₹78,860 |
| Kolkata | ₹72,290 | ₹78,860 |
| Pune | ₹72,290 | ₹78,860 |
| Lucknow | ₹72,440 | ₹79,010 |
| Bengaluru | ₹72,290 | ₹78,860 |
| Jaipur | ₹72,440 | ₹79,010 |
| Patna | ₹72,340 | ₹78,910 |
| Bhubaneshwar | ₹72,290 | ₹78,860 |
| Hyderabad | ₹72,290 | ₹78,860 |
Global Impact on Indian Gold Prices
The international gold market has also seen a minor dip, with prices at $2,648.5 per ounce and silver at $30.62. This global trend influences local prices due to India’s connection with the world market, affecting both investors and consumers.
Investment Insights
Pranay Aggarwal, CEO of Stoxkart, suggests that gold has offered a 20.8% return in 2024, reaching a peak of Rs 79,700. He predicts a potential increase of 15-18% in 2025, advising investors to consider a 5-8% allocation in gold and 10-15% in silver within their portfolios for balanced risk management.
Conclusion
With a slight decrease in gold prices today, December 14, 2024, might be a strategic time for both investment and purchase for personal use. Keep these rates in mind as you plan your financial strategies or jewelry acquisitions. Stay updated with the latest market trends for the best timing in your gold transactions.
Note: Gold rates are highly volatile and can change rapidly due to various factors. Always check with local jewelers or fi
