Gold Price Today, December 3: Yellow metal above Rs 53000, silver crosses 1.5% on MCX — Check rates in Delhi, Mumbai, other cities

Gold Price Today: Gold and silver prices are continuously fluctuating on Multi Commodity Exchange (MCX). The price of yellow metal increased by more than Rs 1000 in the futures market on Saturday compared to last week. While Silver was above 1.5% in the morning trade on December 3.

Today, near 11:00 AM, the precious metal was trading in red territory. The Gold February's future quoted Rs 53,880 per 10 grams, down by 0.02 percent. On last Saturday i.e. November 26, the price of the yellow metal was near Rs 52,540.  

Contrast to this, Silver metal was trading in green with huge positivity. Silver December futures were up by 1.59 percent on MCX. The metal quoted Rs 66,450 per 10 grams on December 3.

On Friday, the Gold price rose by Rs 473 to Rs 54,195 per 10 grams in the national capital amid strong global trends, according to HDFC Securities. Silver also jumped by Rs 1,216 to Rs 66,064 per kg, said PTI.

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"Gold and silver price continue to trade in the positive zone as the dollar weakened on the prospect of slower rate hikes from the Federal Reserve and signs of cooling US inflation," said Navneet Damani, Senior VP of Commodity Research at Motilal Oswal Financial Services.

Gold Price City-wise In India as of December 3, 2022 for 24k:

Chennai- Rs 54,720

Mumbai- Rs 53,950

Delhi- Rs 54,100

Kolkata- Rs 53,950

Bangalore- Rs 54,000

Hyderabad- Rs 53,950

Kerala- Rs 53,950

Pune- Rs 53,950

Vadodara- Rs 54,000

Ahmedabad- Rs 54,000

Lucknow- Rs 54,100

Vijayawada- Rs 53,950

Patna- Rs 53,980

Nagpur- Rs 53,950

Chandigarh- Rs 54,100

Surat- Rs 54,000

Bhubaneswar- Rs 53,950

Visakhapatnam- Rs 53,950

Nashik- Rs 53,980

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

The rupee pared its initial gains to settle down by 7 paise at 81.33 against the US dollar on December 2, said PTI report. As the support from weak dollar was negated by weak domestic markets and gains in crude oil prices, the rupee fell on Friday.