Gold Price Today, December 20: Yellow metal rises 1% on MCX, silver over 2% — Check rates in Delhi, Mumbai and other cities

Gold Price Today, December 20: A positive trend has been seen in the price of the gold and silver metal on the Multi Commodity Exchange (MCX) on Tuesday, December 20. The precious metal was trading at around 1 percent up and was seen comfortably holding the five-month high level of Rs 54,000 on the second day of the week. Likewise, silver also rose, to trade above 2 percent in the futures market in the afternoon trade.

At 03:15 PM today, both the metals traded in green. The gold February's futures quoted Rs 54,805 per 10 grams, up by 1.00 percent. Whereas silver metal was trading at Rs 69,074 per kg, up by 2.31 percent.

In Delhi, gold price rose Rs 38 to Rs 54,740 per 10 grams on Tuesday, according to HDFC Securities. Whereas silver, as per PTI report, declined Rs 328 to Rs 67,984 per kilogram.

"Gold price traded steady after inching lower in the earlier session as along with more rate hike expectations, market participants are also focusing on the China's Covid situation," said PTI citing Senior VP Commodity Research at Motilal Oswal Financial Services Navneet Damani.

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It should be noted that on December 5, the price of Gold on MCX topped Rs 54,000 which was the five-month high level.

Gold Price City-wise In India as of December 20, 2022 for 24k:

Chennai- Rs 55,250

Mumbai- Rs 54,110

Delhi- Rs 54,260

Kolkata- Rs 54,110

Bangalore- Rs 54,160

Hyderabad- Rs 54,110

Kerala- Rs 54,110

Pune- Rs 54,110

Vadodara- Rs 54,160

Ahmedabad- Rs 54,160

Lucknow- Rs 54,260

Vijayawada- Rs 55,250

Patna- Rs 54,160

Nagpur- Rs 54,110

Chandigarh- Rs 54,260

Surat- Rs 54,160

Bhubaneswar- Rs 54,110

Visakhapatnam- Rs 54,110

Nashik- Rs 54,140

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before investing/purchasing.)

In the international market, gold was trading flat at USD 1,794 per ounce, said PTI, while silver was down at USD 23.13 per ounce.

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"Gold prices traded steady in the Asian trading hours. Comex Spot Gold prices are trading flat at USD 1,794 per ounce," PTI report citing Research Analyst at HDFC Securities Dilip Parmar.

(With the inputs of PTI)