Gold Rates Crash Rs 18,000 In Chennai, Falls By Rs 15,200 In Bengaluru, Hyderabad: 24K, 22K, 18K Gold Prices

Gold rates in India crashed significantly and pulled back from their new peaks on December 16. Among major cities, gold prices dropped the most by Rs 18,000, in Chennai and declined by Rs 15,200 in cities like Bengaluru and Hyderabad. Meanwhile, silver rates dropped by Rs 3,900 to Rs 4,000 per 1Kg in these cities. Investors turned cautious in safe-haven assets and also booked gains ahead of major US data. In the previous session, gold touched new highs and silver flirted near its peak due to market volatility, weaker US indicators and 2-month low US dollar.

Gold Rates In India:

Gold Rates In Chennai:

100 grams gold price crashed by Rs 16,500 in 22 carat to Rs 12,35,000, while the price dropped by Rs 14,000 to Rs 10,30,000 in 18 carat. In 24 carat, 100 grams gold plummeted the most by Rs 18,000 to Rs 13,47,300.

Further, 10 grams gold prices plunged by Rs 1,800 to Rs 1,34,730 in 24 carat, lower by Rs 1,650 to Rs 1,23,500, and down by Rs 1,400 to Rs 1,03,000 in 18 carat.

The cheapest gold price was at Rs 13,473 per gram for 24 karat gold, Rs 12,350 per gram for 22 karat gold and Rs 10,300 per gram for 18 karat gold (also called 999 gold).

Gold Rates In Bengaluru:

Furthermore, 10 grams gold declined by Rs 1,520 to Rs 1,33,860 in 24 carat, dipped by Rs 1,400 to Rs 1,22,700 in 22 carat, and fell by Rs 1,150 to Rs 1,00,390 in 18 carat.

In case of 100 grams, 24 carat was down by Rs 15,200 to Rs 13,38,600, 22 carat dipped by Rs 14,000 to Rs 12,27,000, and 18 carat slipped by Rs 11,500 to Rs 10,03,900.

The cheapest gold price in Bengaluru stood at Rs 13,386 per gram for 24 karat gold, Rs 12,270 per gram for 22 karat gold and at Rs 10,039 per gram for 18 karat gold (also called 999 gold).

Gold Rates In Hyderabad:

Gold rates in Hyderabad are same as Bengaluru. Hence, in this southern city, 10 grams gold declined by Rs 1,520 to Rs 1,33,860 in 24 carat on December 16, dipped by Rs 1,400 to Rs 1,22,700 in 22 carat, and fell by Rs 1,150 to Rs 1,00,390 in 18 carat.

Under 100 grams, 24 carat was down by Rs 15,200 to Rs 13,38,600, 22 carat dipped by Rs 14,000 to Rs 12,27,000, and 18 carat slipped by Rs 11,500 to Rs 10,03,900.

Also, the cheapest gold stood at Rs 13,386 per gram for 24 karat gold, Rs 12,270 per gram for 22 karat gold and at Rs 10,039 per gram for 18 karat gold (also called 999 gold).

What Is Impacting Gold Prices?

As per Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA), gold is extending its constant rise as uncertain markets and expectations of rate easing keep the interest in haven assets intact. The markets still have a mild stiff note as traders move with caution in anticipation of important US data. Investors may choose to increase their exposure slowly during mild dips to avoid entering at overheated levels. In 2026, a positive bias in gold markets can be expected with slow global growth and central bank purchases.

Moreover, silver in Bengaluru and Hyderabad dropped by Rs 3,900 to Rs 1,99,100 per 1kg each. Silver erased its previous day's Rs 2,03,000 mark. The price of 100 grams and 10 grams silver stood at Rs 19,910 and Rs 1,910 respectively.

What Is Impacting Silver Rates?

In Kamboj's view, silver rises further due to encouraging industrial production trends and a weakening dollar. The momentum remains positive, with anticipation of growing industrial and clean energy demand. Small investors can consider tactical investments in this commodity due to sharp fluctuations in silver prices. In 2026, silver would demonstrate relatively stronger performance, particularly with the acceleration of industrial production and development in clean energy.

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