Gold price today: Spot price declines 0.28% to $4,320; check 24K, 22K, 18K prices in your city

Gold rates across India’s major cities showed remarkable uniformity, with only marginal differences due to local taxes, jeweller margins, and logistics costs.

The spot price of gold, where the physical precious metal is bought and sold for immediate delivery,  stood just above $4,320 an ounce on December 19 (9:07 am IST). The price is down 0.28 percent in a day and up 0.42 percent in a week.

Gold price in the domestic futures market on MCX, where trading involves standardized contracts to buy and sell the precious metal at a predetermined price, opened the Friday session at Rs 1,33,976 per 10 grams of 24-Carat purity, which is approximately 0.41 percent down from its previous close.

Meanwhile, the rupee stood at 90.298 against the U.S. dollar on Thursday, representing a gain of 0.06 percent in a day and a decline of 0.32 percent in a week.

Gold prices vary by purity. Check out below to see the prices of gold based on its purity.

Source: Goodreturns

Gold rates across India’s major cities showed remarkable uniformity, with only marginal differences due to local taxes, jeweller margins, and logistics costs.

Source: Goodreturns

The Augmont report published on December 18 noted that gold continue their uptrend, setting new all-time highs as investors anticipate two interest rate cuts in early 2026. Gold touched the resistance of $4,380 (Rs 1,35,000), rising from support $4,300 (Rs 1,33,000) this week. Now prices are expected to consolidate in this same range. Either a side-breakout or breakdown will infuse a 2-3 percent rally.

“Fed Governor Christopher Waller, a strong candidate for the Fed chairman, expressed support, saying US borrowing costs should be reduced by up to one percentage point. Waller cautioned that job growth has fallen to near-zero levels and advocated for gradual rate decreases next year to assist in boosting employment.

“Meanwhile, geopolitical tensions are rising, as the US moved to halt all sanctioned Venezuelan oil shipments following last week's tanker seizure and military deployment, while in Ukraine, Russian President Vladimir Putin reiterated his firm stance on territorial demands, even as Washington intensified efforts to broker a diplomatic resolution,” the report stated.