Gold Price Today: Bullish Trend Continues on December 26; Silver Prices Surge Further

Gold prices in India continued their strong upward momentum on December 26, reinforcing the precious metal’s position as a preferred safe-haven investment. Alongside gold, silver prices also moved sharply higher, reflecting sustained global demand and strong investor sentiment in both domestic and international markets.

According to the latest data, 24-carat gold prices touched ₹1,39,410 per 10 grams in Delhi, while Mumbai recorded a rate of ₹1,39,260 per 10 grams. The rally comes amid firm global cues, rising geopolitical uncertainties, and expectations of continued central bank buying worldwide.

Gold Prices Maintain Strong Momentum

The ongoing rally in gold prices shows no signs of slowing down. In the international market, spot gold is trading at $4,525.96 per ounce, remaining close to record levels. Analysts believe that gold’s upward movement is being driven by a combination of factors, including:

• Global economic uncertainty

• Inflation concerns

• Central bank gold purchases

• Expectations of easier monetary policy in key economies

So far this year, gold has gained nearly 73.7 percent, making it one of the strongest-performing asset classes in 2025.

Adding to the bullish outlook, Goldman Sachs has projected that gold prices could reach $4,900 per ounce by December next year. The investment bank expects central banks across the world to continue increasing their gold reserves, which could provide long-term support to prices.

City-Wise Gold Rates in India (December 26)

Here is a look at the latest gold prices across major Indian cities:

• Delhi:

  • 22-carat gold: ₹1,27,810 per 10 grams

  • 24-carat gold: ₹1,39,410 per 10 grams

• Mumbai, Chennai, Kolkata:

  • 22-carat gold: ₹1,27,660 per 10 grams

  • 24-carat gold: ₹1,39,260 per 10 grams

• Pune and Bengaluru:

  • 22-carat gold: ₹1,27,660 per 10 grams

  • 24-carat gold: ₹1,39,260 per 10 grams

• Ahmedabad and Bhopal:

  • 22-carat gold: ₹1,27,710 per 10 grams

  • 24-carat gold: ₹1,39,310 per 10 grams

• Jaipur, Lucknow, Chandigarh:

  • 22-carat gold: ₹1,27,810 per 10 grams

  • 24-carat gold: ₹1,39,410 per 10 grams

Gold prices vary slightly across cities due to local taxes, transportation costs, and jeweller margins.

Why Gold Prices Are Rising

Market experts point out that global central banks remain key buyers of gold, which is helping prices stay elevated. Rising geopolitical tensions, concerns over global growth, and fluctuations in currency markets have further strengthened gold’s appeal as a hedge against uncertainty.

With inflation still posing risks in several economies and interest rate trajectories remaining uncertain, analysts believe gold could continue to attract long-term investors.

Silver Prices Climb Sharply

Silver prices mirrored gold’s bullish trend on December 26. In the domestic market, silver jumped to ₹2,34,100 per kilogram. A day earlier, prices in Indore’s bullion market rose by ₹1,000 to ₹2,21,000 per kilogram.

In the international market, spot silver climbed to $72.70 per ounce, highlighting strong global demand. The white metal has delivered exceptional returns this year:

• International markets: Up nearly 151 percent

• Domestic markets: Gained around 153 percent

Industrial demand, especially from renewable energy and electronics sectors, has played a major role in silver’s strong performance.

Outlook for Investors

With both gold and silver showing sustained strength, experts advise investors to remain cautious about short-term volatility but optimistic about the long-term outlook. Precious metals continue to benefit from global uncertainties, central bank demand, and portfolio diversification needs.

As the year draws to a close, gold and silver are expected to remain in focus, especially among investors looking to protect wealth and hedge against inflationary risks.

Disclaimer: Gold and silver prices mentioned above are indicative and may vary depending on local market conditions, taxes, and jeweller charges. Investors are advised to consult certified financial experts before making investment decisions.