Gold Price Today on 26th December 2024 Across Major Cities

Gold prices in India experienced a slight uptick today, reflecting changing domestic and global market dynamics. On December 26, 2024, the gold rate displayed minor variations across major cities. In this article, we look at the latest gold prices in cities such as Mumbai, Chennai, Bangalore, Hyderabad, Lucknow, and Delhi while discussing the key drivers of these trends.

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Gold Rates Across Cities on 26th December 2024

Gold Rates Across Major Cities on 26th December 2024: As of December 26, 2024, the gold price has experienced a slight increase, with the price of 22 carat and 24 carat gold increasing by ₹25 and ₹28, respectively compared to yesterday’s price.

• Gold Price Today in Mumbai: The gold price in Mumbai today stands at ₹7,125 per gram for 22-carat gold and ₹7,773 per gram for 24-carat gold. As one of the major gold trading hubs, Mumbai’s rates may typically set the tone for other cities.
• Gold Price Today in Chennai: Chennai’s gold rates are consistent with other major cities, with 22K Gold priced at ₹7,125 per gram and 24K Gold at ₹7,773 per gram. The city’s strong cultural connection to gold drives a vibrant market.
• Gold Price Today in Bangalore: The current price for 24-carat gold in Bangalore is ₹7,773 per gram, while 22-carat gold stands at ₹7,125 per gram. 
• Gold Price Today in Hyderabad: Hyderabad shares similar gold rates with Mumbai, Chennai and Bangalore. The price for 22K Gold is ₹7,125 per gram, and 24K Gold costs ₹7,773 per gram. The local gold market remains stable amidst minor fluctuations.
• Gold Price Today in Lucknow: Lucknow’s gold prices are marginally higher, with 22-carat gold priced at ₹7,140 per gram and 24-carat gold at ₹7,788 per gram.
• Gold Price Today in Delhi: Delhi’s gold rates are on par with Lucknow, with 22K Gold priced at ₹7,140 per gram and 24K Gold at ₹7,788 per gram. As the capital city, Delhi’s rates may often be impacted by both domestic and international market movements.

2024 Trends in Gold Prices

Gold prices in India have shown a downward trend throughout December. However, December 26, 2024, marked a slight uptick in prices. Overall, gold has been a standout performer in 2024, gaining around 27%, making it the best yearly performance since 2010. The highest gold rates in December were recorded on December 11, with 22K Gold priced at ₹7,285 per gram and 24K Gold at ₹7,947 per gram. The lowest rates were on December 20, with 22K Gold at ₹7,040 per gram and 24K Gold at ₹7,680 per gram.

Key Factors Influencing Gold Prices

Several elements may have shaped gold prices in 2024 and may likely influence trends in 2025:

• Monetary Policy: Central banks globally eased rates in 2024. The US Federal Reserve’s three rate cuts, with two more planned in 2025, may have strengthened gold’s appeal.
• Geopolitical Risks: Ongoing global conflicts, along with evolving US tariff policies, have elevated gold’s status as a safe-haven asset.
• Inflation Trends: Persistent inflation concerns, especially in the US, have boosted gold demand as a hedge against economic uncertainties.

In Conclusion    

Gold is considered as a reliable investment choice during economic fluctuations and global uncertainties. The overall performance of the precious metal has been good this year. Whether you’re in Chennai, Mumbai, Bangalore, Hyderabad, Lucknow, or Delhi, staying informed about gold prices today is crucial for making sound investment decisions