Gold Prices Firm Up: What Driving 22K & 24K Rates in India Today

December 10, 2025, Indian gold prices showed a stable to firm trend on Tuesday, December 10, 2025, continuing to trade near their recent elevated highs. The precious metal remains a keenly watched asset, with its performance being a blend of strong domestic buying sentiment and key global economic signals.

For today, the benchmark rates in major Indian cities are holding steady, particularly for the purest form of the metal. Investors and consumers are advised to keep an eye on the market as the gold price is currently consolidating its gains after a period of sharp upward movement.

Today’s Gold Prices (Per Gram)

The live prices for 22-carat (Jewellery Gold) and 24-carat (Pure Gold) per gram are fluctuating slightly across the country, with key metro cities registering the following approximate rates:

Purity	Price Per 1 Gram (Approx.)
24-Carat Gold	₹13,031
22-Carat Gold	₹11,945

(Note: These are indicative bullion rates. Final jewellery purchase price will be higher due to GST, making charges, and other local levies. Rates can also vary slightly by city.)

The price for 10 grams of 24-carat gold is hovering around ₹1,30,310, reflecting a marginal uptick from the previous day. This stability at a high level signals sustained investor confidence despite earlier volatility this month.

Key Factors Influencing the Market

The current price trajectory is being shaped by a powerful mix of both international and domestic forces, which are summarized below:

1. The US Federal Reserve’s Policy

All eyes are on the upcoming monetary policy decision by the US Federal Reserve. A growing expectation in global markets is that the US central bank might opt for an interest rate cut in the near future to ease financial conditions.

• Impact: Lower interest rates make non-yielding assets like gold more attractive compared to fixed-income investments such as bonds. This “dovish” outlook strengthens the case for gold as a safe-haven asset, adding an international boost to prices in India.

2. Rupee-Dollar Movement

The exchange rate between the Indian Rupee (INR) and the US Dollar (USD) is a crucial domestic factor.

• Impact: When the rupee depreciates (gets weaker) against the dollar, the cost of imported gold—which is the majority of India’s gold supply—becomes higher in local currency terms. This currency movement has provided strong underlying support, pushing domestic gold prices higher even when global prices consolidate.

3. Strong Domestic Demand

December falls squarely in India’s peak wedding and festive season.

• Impact: The traditional and cultural demand for gold jewellery and coins for weddings and gifting ceremonies remains robust. This steady flow of domestic consumer buying acts as a fundamental floor for prices, preventing any sharp or sustained drops.

4. Global Uncertainty and Central Bank Buying

Ongoing geopolitical tensions globally, combined with the continued buying of gold by central banks, especially China’s, reinforce gold’s status as a safe haven. Central banks view gold as a hedge against currency depreciation and economic instability, and their continuous purchases signal a strong long-term outlook for the metal.

Should You Buy Gold Now?

Gold’s recent performance—including a massive surge of over 400% in the last decade—underscores its value as a long-term asset.

• For Long-Term Investors: Experts suggest maintaining a diversified portfolio with a moderate allocation (around 8-12%) to gold. Instead of trying to ‘time the market’ and buy at the absolute peak or dip, a Systematic Investment Plan (SIP) or a ‘buy-on-dips’ strategy is recommended.
• For Ceremonial Purchases: If the gold is intended for an upcoming wedding or cultural event, buyers are advised to purchase gradually, as near-term factors like central bank policies and domestic demand are expected to keep prices from dropping significantly.

The current stability offers a moment of reflection for investors, but the broader upward trend suggests that gold will continue to play a vital role in portfolio protection and wealth creation in 2026.