Gold Price Today on 24th December 2024 Across Major Cities

Gold prices across India have witnessed a slight dip recently, reflecting a broader downward trend in the precious metal's value. On December 24, 2024, the gold rate continued to fluctuate, impacted by a range of factors, both domestic and international. This article looks into the current gold prices across major cities, including gold prices in Mumbai, Chennai, Bangalore, Hyderabad, Lucknow, and Delhi, and explores the reasons behind these changes.

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Gold Rates Across Cities on 24th December 2024

Gold Rates Across Major Cities: As of December 24, 2024, the gold price has experienced a minor decrease, with the price of 22 carat and 24 carat gold in India following a similar downward trajectory.

• Gold Rate Today in Chennai: The price of 24-carat gold in Chennai is ₹7,735 per gram, showing a slight decline from earlier levels. The 22-carat gold in Chennai is priced at ₹7,090 per gram, reflecting the same downward movement.
• Gold Price in Mumbai Today: In Mumbai, the 24-carat gold is priced at ₹7,735 per gram, while the 22-carat variety costs ₹7,090 per gram. Mumbai’s market, being a financial hub, tends to be more sensitive to global gold trends.
• Gold Rate Today in Bangalore: The current price for 24-carat gold in Bangalore is ₹7,735 per gram, while 22-carat gold stands at ₹7,090 per gram. Like other cities, Bangalore’s gold prices have also seen a dip recently.
• Gold Rate Today in Hyderabad: The gold rate in Hyderabad mirrors other cities with 24-carat priced at ₹7,735 per gram, and 22-carat gold at ₹7,090 per gram. These prices reflect a minor drop from previous days.
• Gold Price Today in Lucknow: The gold rate in Lucknow today is ₹7,750 per gram for 24-carat gold, showing a decrease from earlier levels. The price of 22-carat gold in Lucknow is ₹7,105 per gram, also reflecting a similar decline.
• Gold Rate Today in Delhi: In Delhi, the price for 24-carat gold is ₹7,750 per gram, while 22-carat gold costs ₹7,105 per gram. The prices in Delhi have fallen slightly compared to previous days.

Recent Trends in Gold Prices: Gold prices in India have been on a downward trend in December. On December 24, 2024, the price of 22 carat gold in India today is ₹7,090 per gram and the price of 24 carat gold is ₹7,735. 

Gold prices in India were flat at the start of the week, but momentum is likely expected in the pre-Christmas session. In early trade on December 24, gold prices in India fell by around ₹10 per 10 grams of 24K, 22K, and 18K.

Key Factors Influencing Gold Prices: Several factors play a crucial role in determining the current prices of gold. Global demand and geopolitical developments often influence gold rates. Fluctuations in the US dollar, changes in international interest rates, and government regulations on gold imports and exports are also key drivers of price movements.

In addition to these factors, domestic events such as festivals, wedding seasons, and inflationary pressures can impact the demand for gold, further driving up or down its prices. For example, gold prices typically rise during the festive season when demand is high, but can drop if there is a slowdown in the economy or a shift in investor sentiment.

In Conclusion

Gold continues to be a popular investment, especially in times of economic uncertainty. While today’s prices reflect a minor dip, gold remains a reliable hedge against inflation. Whether you're in Chennai, Mumbai, Bangalore, Hyderabad, Lucknow, or Delhi, it is essential to keep track of the market trends as they continue to shift based on global and domestic conditions.