Gold Jumps Rs 820 on Dec 15; India Sees Wider Discounts

• Gold prices jumped Rs 820 on Monday due to a weakening dollar and expectations of Fed rate cuts.
• In Mumbai, 24-carat gold was Rs 1,34,730 per 10 grams, and 22-carat gold was Rs 1,22,740 per 10 grams.
• Silver was available at Rs 1,97,900 per kg in the spot market, with international prices up 1.31%.
• International spot gold gained 0.74% to trade at $4,326.80 per ounce.
• Indian gold discounts widened to up to $34 per ounce as demand fell despite the wedding season due to record high prices.

Why It Matters: Gold surge hits Indian buyers/investors: cultural ties & market shifts.