Gold Jumps December 8 on US Fed Rate Cut Anticipation; Silver Steady

• Gold prices saw a sharp jump on December 8, influenced by anticipation of the US Federal Reserve's rate cut decision.
• On December 8, 24-carat gold in Mumbai was Rs 1,30,420/10g, and 22-carat gold was Rs 1,19,550/10g (excluding GST/making charges).
• Spot market silver was steady at Rs 1,89,900 per kg on December 8.
• MCX futures saw gold marginally down by 0.03% and silver down almost 1.00% in morning trade.
• Indian gold prices are affected by international rates, import duties, taxes, and exchange rate fluctuations.

Why It Matters: Gold price changes impact your investments and purchasing power.