Gold Price Today: On the third day of December i.e. 3 December 2024, the price of gold has fallen for the third consecutive day. Despite the wedding season, the fall in gold prices is good news for buyers. Today the price of 10 grams of gold has come down by ₹ 500. If you are also planning to buy gold jewelry, then know the latest rates of 24 and 22 carat gold.
Today Gold rates
On December 3, 2024, the price of 22 carat gold is around ₹ 70,900 and the price of 24 carat gold is ₹ 77,350 per 10 grams. The gold rates in major cities of the country like Delhi, Mumbai, Patna, Jaipur and Lucknow are as follows
| 22 Carat (₹) | 24 Carat (₹) | |
|---|---|---|
| Delhi | 71,050 | 77,500 |
| Noida | 71,050 | 77,500 |
| Mumbai | 70,900 | 77,350 |
| Kolkata | 70,900 | 77,350 |
| Patna | 70,950 | 77,500 |
Silver prices also fall
On December 3, 2024, the price of silver has also come down by ₹ 500 to ₹ 91,000 per kg. The price of silver has fallen by up to ₹ 2,000 in the past week.
According to experts, the main reason for the fall in the price of gold is the strength of the dollar and the increase in US bond yield. The strengthening of the dollar has reduced the demand for gold. Apart from this, after the ceasefire agreement between Israel and Lebanon, investors are giving less priority to gold as a safe investment option. Uncertainty about inflation and interest rate cuts has also affected the price of gold.
Right time to buy gold
The falling prices of gold can be beneficial for those buyers who are planning to buy jewelry for weddings or festivals. According to experts, if the prices remain stable, it can be a good opportunity to invest in gold.