On 2nd December, gold prices were down marginally in most of the Indian cities. The 24-carat gold price decreased by ₹10 and now trades at ₹7816.3 per gram. In comparison, 22-carat gold also fell by ₹10 and now trades at ₹7166.3 per gram. For the week gone by, 24-carat gold had fallen by 0.54%. For the month, the fall was 2.91%.
City-Wise Details for Gold Prices on 2nd December
Gold rates on 2nd December in Delhi at ₹78163 for 10 grams. This is compared to yesterday’s ₹78293. Compared to last week, it was a bit higher rate of ₹78713. Silver also fell slightly as it now costs ₹94500 per kilogram down by ₹200 from the last day at ₹94700.
In Chennai, 10 grams of 24-carat gold is being sold at ₹78011 on December 2nd, a ₹130 notable drop from yesterday’s ₹78141. The silver price in Chennai is ₹102600 per kilogram, falling ₹200 from yesterday and ₹500 from last week.
Gold rates on 2nd December in Mumbai are ₹78017 per 10 grams. The rate has dropped by ₹130 from yesterday and ₹550 from last week. Silver rates are at ₹93800 per kilogram, the same as last week.
The same pattern is observed in Kolkata where the gold rates are at ₹78015 per 10 grams, falling by ₹130 from yesterday. Silver rates are at ₹95300 per kilogram, the same as last week.
The prices of gold on 2nd December are also driven by the international market trend. The February 2025 MCX gold futures fell by 1.007%, trading at ₹76351 per 10 grams. Silver March 2025 futures also declined by 1.178%, trading at ₹90135 per kilogram.
The changes in gold prices on 2nd December are due to worldwide demand, currency value shifts, and interest rate fluctuations. Events affecting the world economy and the strength of the US dollar against other currencies also play a vital part in setting rates in the Indian gold market.
Also, see: Gold trends in 2025: What investors need to know?