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Gold Price Today: Gold prices in India have continued their upward trend on a weekly basis, while silver has delivered a stunning rally. Over the past one week, 24-carat gold has become costlier by ₹260 per 10 grams, while 22-carat gold has gained ₹250. In contrast, silver has recorded a massive surge of ₹16,000 per kilogram, underlining strong momentum in precious metals amid global cues and sustained investor demand.

As of December 21, 2025, gold prices remain firm in major Indian cities, supported by international market trends, expectations of interest rate cuts in the US, and continued buying ahead of the wedding and festive season.

Gold Prices Remain Firm on Weekly Basis

On the domestic front, 24-carat gold in Delhi is trading at ₹1,34,330 per 10 grams, while 22-carat gold is priced at ₹1,23,150 per 10 grams. Compared to last week, the increase may appear modest, but analysts note that gold has managed to hold its gains despite volatility in global markets.

In the international market, spot gold is currently trading at $4,322.51 per ounce, which continues to lend support to domestic prices. The firm global trend is largely driven by expectations of easier monetary policy in the United States and concerns over global economic growth.

Gold Rates in Major Indian Cities

Here is a look at the latest gold prices across key cities in India (per 10 grams):

• Delhi:

  • 22-carat: ₹1,23,150

  • 24-carat: ₹1,34,330

• Mumbai:

  • 22-carat: ₹1,23,000

  • 24-carat: ₹1,34,180

• Chennai:

  • 22-carat: ₹1,23,000

  • 24-carat: ₹1,34,180

• Kolkata:

  • 22-carat: ₹1,23,000

  • 24-carat: ₹1,34,180

• Ahmedabad:

  • 22-carat: ₹1,23,050

  • 24-carat: ₹1,34,230

• Jaipur:

  • 22-carat: ₹1,23,150

  • 24-carat: ₹1,34,330

• Lucknow:

  • 22-carat: ₹1,23,150

  • 24-carat: ₹1,34,330

• Chandigarh:

  • 22-carat: ₹1,23,150

  • 24-carat: ₹1,34,330

• Pune and Bengaluru:

  • 22-carat: ₹1,23,000

  • 24-carat: ₹1,34,180

The slight variation in prices across cities is mainly due to differences in local taxes, making charges, and transportation costs.

Global Factors Supporting Gold Prices

Gold prices are finding support from global macroeconomic developments. Recently, US Federal Reserve Governor Christopher Waller backed the possibility of further interest rate cuts, although he also cautioned that policymakers may proceed carefully. His comments came after US labour market data hinted at softening conditions.

Lower interest rates generally reduce the opportunity cost of holding non-yielding assets like gold, making it more attractive for investors. This expectation has helped gold maintain elevated levels both globally and in India.

Silver Sees Massive Weekly Jump

While gold has seen steady gains, silver has clearly outperformed. Over the past week, silver prices have surged by ₹16,000 per kilogram, marking one of the sharpest short-term rallies in recent months.

As of December 21, silver is trading at ₹2,14,000 per kg in the domestic market. In the international market, spot silver has climbed to $65.85 per ounce, reflecting strong global demand.

What makes the rally even more remarkable is silver’s long-term performance in 2025. So far this year, silver prices have risen by nearly 126 percent, driven by a combination of industrial demand, investment interest, and tight global supply.

Why Silver Is Outperforming Gold

Experts say silver’s sharp rise is linked to its dual role as both a precious and industrial metal. Demand from sectors such as renewable energy, electronics, and electric vehicles has remained strong. At the same time, investors looking for alternatives to gold amid high prices are increasingly turning to silver.

This combination has pushed silver prices sharply higher, outperforming most traditional asset classes.

Outlook for Investors

Market analysts believe that precious metals may remain volatile in the short term but could stay supported in the medium term due to global economic uncertainty and expectations of policy easing. However, with prices already at elevated levels, investors are advised to adopt a cautious and well-planned approach.

Gold continues to be seen as a safe-haven asset, while silver is emerging as a high-volatility but high-potential option for those willing to take calculated risks.

Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Precious metal prices are subject to market risks and global factors. Readers are advised to consult certified financial advisors before making any investment decisions.