Gold and silver prices witnessed a significant uptick in both domestic and international markets on Wednesday, December 3, 2025. The bullish trend was led by a strong opening on the Multi Commodity Exchange of India (MCX), setting a positive tone for the trading day.
Domestic Market Rally: MCX Gold and Silver Gain
The trading session commenced with a notable rise for precious metals. Gold futures on the MCX opened 0.6% higher at ₹1,30,550 per 10 grams, compared to the previous close of ₹1,29,759. As of 11:50 AM, the price was recorded at ₹1,27,995 per 10 grams, still maintaining a gain of 0.52%.
The rally was even more pronounced for silver. MCX silver opened with a robust jump of 1.21% at ₹1,83,799 per kilogram, against its prior close of ₹1,81,601. By late morning, it was trading at ₹1,78,178 per kg, up by 0.9%.
International Bullion Market Trends
The positive sentiment echoed in global commodity markets. The spot gold price was firm at $4,207.43 per ounce. Furthermore, US gold futures contracts for December delivery advanced by 0.5%, reaching $4,239.50 per ounce.
However, not all precious metals shared the upbeat mood. In contrast to gold and silver, international silver spot price edged down by 0.2% to $58.32 per ounce. Platinum also faced pressure, declining by 0.4% to trade at $1,631.10 per ounce.
Gold Rates Across Major Indian Cities
The upward movement in benchmark prices translated into higher retail rates across India's key bullion hubs on December 3. Here is a city-wise snapshot of 24-karat gold prices:
- Chennai: ₹1,30,810/10 gm, up by ₹900.
- Hyderabad: ₹1,30,670/10 gm, up by ₹930.
- Kolkata: ₹1,30,300/10 gm, up by ₹940.
- Mumbai: ₹1,30,470/10 gm, up by ₹940.
- Ahmedabad: ₹1,30,550/10 gm, up by ₹840.
- Delhi: ₹1,30,200/10 gm, up by ₹890.
- Bengaluru: ₹1,30,480/10 gm, up by ₹840.
Prices for 22-karat and 18-karat gold also moved higher in all these cities, following the overall bullish trend for the yellow metal.
Disclaimer: The views and recommendations mentioned are from individual analysts or broking firms. Investors are advised to consult certified experts before making any investment decisions.
