News

Gold Rate Today Latest Update: Dubai, US, India, Singapore Gold Price On December 21

Today, Spot gold was down 0.2% at $1,814.74 per ounce. Gold prices in India mostly traded favorably for the third day in a row on Wednesday.
Published by
Gold Rate Today Latest Update: Dubai, US, India, Singapore Gold Price On December 21

After a historic tightening cycle by the U.S. central bank, an economic downturn or recession is looking more likely. Investors are concerned if it will be good for gold or not.
For the most part of this year, an aggressive Fed and a strong U.S. dollar weighed on gold, thus putting a price limit on any potential rally. Meanwhile, a stronger USD has also weighed on the yellow metal. At yesterday’s price Year-to-date, spot gold is almost flat, down 0.3%. This is following a December rally that pushed prices from a low of $1,750 an ounce at the start of the month to yesterday’s high of $1,830 an ounce.

Advertisement

Gold price in the U.S.:

On Wednesday, Spot gold declined 0.2% at $1,814.74 per ounce after rising over 1% on Tuesday owing to a dip in the dollar. U.S. gold futures were flat at $1,826.00.

Noticeably, a weaker U.S. dollar is considered good for commodity prices. The U.S. dollar.DXY declined against a basket of leading currencies following a sudden move by the Bank of Japan (BoJ) to twist its bond yield control program.

Gold Price In India on December 21:

Amidst mixed global cues, gold prices in India mostly traded on the higher side of the Multi Commodity Exchange (MCX) for the third day in a row on Wednesday (December 21). Gold February futures was spotted trading at Rs 54,930 per 10 grams, up Rs 32 or 0.06% in the early morning trade on Wednesday.

In India, 22 Carat Gold Price Per gram was up Rs. 50 at Rs. 5010 according to good returns. Meanwhile, 24 Carat Gold Price Per gram was up Rs. 54 at Rs. 5,465.00.

Source: Goodreturns

Gold price in Dubai on December 21:

In Dubai, Gold prices remained unchanged today at the time of writing this article. The rate of 24 Carat/gram in Dubai is 218.75 AED. The gold rate (22 Carat/gram) is 202.50 AED.

Gold price in Singapore:

In Singapore, gold prices were slightly up today. Each gram of 24K gold is priced at 85 SGD (up 1.10 SGD compared to yesterday’s price). Meanwhile, 22K gold per gram costs 76.40 SGD (up 1 SGD change from the previous price).

Bottom Line:

Bullion prices are anticipated to remain volatile in today’s session on the back of sharp currency movements. Market experts have kept Gold’s support price and resistance at $1805-1792 and $1828-1840. It is believed that gold prices may rally on expectations of disappointing economic data from the U.S.

Advertisement
Share
Priyanka Payal

Priyanka likes writing research-based, informative articles for investors, especially those who are new in the market. She holds MBA and is currently dwelling into the financial market.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • interviews

AI Meets Smart Routing: Screx Sets a new efficiency Benchmark in DeFi

The current ecosystem in which all the core DeFi tasks have been so fragmented and…

October 28, 2025
  • News

Solana, Litecoin, HBAR ETFs by Bitwise, Canary, and Grayscale to Start Trading This Week

Exchanges have filed listing notices for Bitwise Solana Staking ETF (BSOL), Canary Litecoin ETF (LTCC),…

October 28, 2025
  • News

Analyst Slams S&P’s ‘B-’ Rating for Strategy Inc, Says Bitcoin Treasury Model Is “Misunderstood”

Crypto market analyst Adam Livingston has sharply criticized S&P Global Ratings after the agency assigned…

October 28, 2025
  • News

Metamask Airdrop Countdown Begins as Wallet Team Registers Token Claim Domain

In a fresh development, a newly registered claim domain has led to speculations that the…

October 27, 2025
  • News

$2.5T Citigroup Partners With Coinbase to Enable Stablecoin Payments

Citigroup, a top U.S. bank with $2.5 trillion asset under management has partnered with Coinbase.…

October 27, 2025
  • News

Who Will Be the Next Fed Chair? Scott Bessent Confirms Final Five Candidates

U.S. Treasury Secretary Scott Bessent has confirmed the final shortlist of contenders to replace Jerome…

October 27, 2025