On Tuesday, December 30, gold prices are experiencing a slight uptick following a period of significant decline and volatility observed in the preceding trading session. The 24K gold rate in the local market was recorded at Rs 136,160 per 10 gram, reflecting an increase of Rs 910 per 10 gram relative to the previous day’s closing, whereas the 22K gold rate was noted at Rs 124,813 per 10 gram. Meanwhile, Silver prices experienced a notable rebound, increasing by more than 4.4% to trade at approximately Rs 233,930 per kg following significant volatility the previous day. Gold and Silver prices experienced profit booking in yesterday’s trading session following a notable increase in the preceding sessions. Several factors, including the reduction of geopolitical tensions and an increase in CME initial margin from $20,000 to $25,000 starting in March 2026 for silver derivative contracts, have influenced the prices of precious metals.
A decline in the US dollar index positively influenced the prices of gold and silver, as a weaker US dollar enhances the affordability of precious metals for foreign purchasers, allowing them to acquire the same quantity of gold at a reduced cost. Examine the current gold and silver prices in key urban centers today: At 9:30 am, the price of 24K gold was Rs 135,450 per 10 grams, while 22K gold was priced at Rs 124,163 per 10 grams in the Mumbai markets.
MCX Gold futures align with the trends observed in international markets. As of 10:00 am, the MCX Gold February 2026 future has increased by 0.5%, currently priced at Rs 1,35,729 per 10 gram, having reached a day high of Rs 1,36,044 and a day low of Rs 1,35,292. In the US markets, Gold futures experienced an increase of 0.7%, translating to a rise of $31, reaching a price of $4,375 per ounce.
Silver prices are currently lower in the local market, approximately Rs 233,930 per kg, reflecting an increase of 4.4%. Meanwhile, MCX Silver for March delivery is trading 3.7% higher at Rs 2,32,821 per kg as of 10:00 am, while international silver prices are around $73.7 per troy ounce, reflecting an increase of 4.7%.