Gold prices on December 22: Check rates for Mumbai, Delhi and other cities

Gold prices edged lower in early trade on Monday while silver also witnessed a decline across major Indian citiesThe price of 24carat gold slipped by Rs 10 with ten grams of the precious metal trading at Rs 134170 Similarly 22carat gold also saw a marginal decline of Rs 10 with ten grams priced at Rs 122990In major markets the price of ten grams of 24carat gold stood at Rs 134170 in Mumbai and Kolkata while it was higher at Rs 135270 in Chennai In the national capital Delhi ten grams of 24carat gold was priced at Rs 134320For 22carat gold ten grams was priced at Rs 122990 in Mumbai Kolkata Bengaluru and Hyderabad while Chennai recorded a higher rate of Rs 123990 In Delhi the price of ten grams of 22carat gold stood at Rs 123140Silver prices also softened in early trade The price of one kilogram of silver declined by Rs 100 to Rs 213900 in Delhi Kolkata and Mumbai In Chennai silver was trading at a higher level of Rs 225900 per kilogramMarket participants are closely monitoring global cues and currency movements for further direction in precious metal pricesGold rises to record high over strong safe haven demandMeanwhile driven by reports on expected US zwnjFederal Reserve rate cuts in 2026 and strong safe haven demand among investors spot gold zwjwent up to a record high of USD 438373 per ounce on MondayIn 2025 gold has seen a meteoric rise up around 67 per cent amid geopolitical uncertainties and tariffsAccording to analysts gold and silver prices advanced last week and began the new week by touching fresh lifetime highs in both domestic and international marketsThe rally followed the US Federal Reserversquos third interest rate cut of 25 basis points this yearldquoFurther support came from softer US CPI inflation which eased to 27 per cent yearonyear strengthening expectations of additional rate cuts next yearrdquo said Rahul Kalantri VP Commodities Mehta Equities Ltd reported IANSMeanwhile the Bank of Japan raised interest rates by 25 basis points but its lesshawkishthanexpected stance provided additional support to precious metal pricesldquoGold has support at USD 43204285 while resistance at USD 44004425 Silver has support at USD 66406575 while resistance is at USD 67206800rdquo he mentioned reported IANSIn Indian rupee gold has support at Rs 133550133010 while resistance at Rs 135350135970 Silver has support at Rs 207450206280 while resistance at Rs 209810 210970 said analysts reported IANSHowever ensuing dollar strength can be a headwind for gold pricesWhile market volatility continues resolution in geopolitical situations need to come down for the risk premium to cool ndash a highrisk premium situation has led to Central Banks extending their purchase of gold and can remain a longterm tailwind for gold pricesrdquo according to a note by Yes Bank reported IANSMCX Silver Futures continue to mirror COMEX price action sustaining above the Rs 207800 breakout level with healthy volumes and constructive structureldquoHolding above this zone keeps nearterm upside targets of Rs 210000ndashRs 213000 active Immediate support is placed near Rs 199200 with deeper support around Rs 191000 if a broader corrective phase unfolds Overall the trend remains decisively positive and any corrective dips are likely to attract buying interest rather than signal a reversalrdquo according to Ponmudi R CEO of Enrich Money reported IANSWith inputs from IANS