Gold Prices Rise for Third Straight Day as Silver Holds Strong; Check Latest Rates Across Indian Cities

Gold prices continued their upward journey for the third consecutive day, reflecting sustained domestic demand and strong global cues. Silver, too, maintained its rally, supported by investor interest and expectations of easing monetary policy in the United States. As of December 19, 2025, precious metals are trading near record levels in several Indian cities, making gold rate updates a key topic for investors, jewellers, and buyers.

Gold Price Today: Domestic Markets See Fresh Highs

On Friday morning, gold became even more expensive in major Indian markets. In the national capital Delhi, the price of 24-carat gold touched ₹1,35,000 per 10 grams, while 22-carat gold was priced at ₹1,23,760 per 10 grams. Similar trends were observed across other metro cities, reflecting a broad-based rise rather than a city-specific movement.

In Mumbai, the price of 24-carat gold stood at ₹1,34,850 per 10 grams, with 22-carat gold available at ₹1,23,610 per 10 grams. Cities such as Chennai and Kolkata also reported identical rates, indicating uniform pricing in major urban markets.

The steady increase in gold prices is being driven by a combination of strong domestic buying, especially ahead of the wedding season, and favorable global factors. Market experts note that gold continues to act as a safe-haven asset amid economic uncertainty and geopolitical risks.

Silver Prices Remain Firm Amid Strong Buying

Alongside gold, silver prices have also remained firm, extending their recent rally. Continuous buying by industrial users and investors has supported silver’s upward momentum. Like gold, silver is benefiting from expectations that global interest rates may soften in the coming months, making non-yielding assets more attractive.

Global Factors Supporting Gold Rally

On the international front, spot gold is trading at $4,325.02 per ounce, providing strong support to domestic prices. One of the key reasons behind this surge is the growing expectation that the US Federal Reserve may cut interest rates further in the near future.

Federal Reserve Governor Christopher Waller recently indicated support for additional rate cuts, though he also emphasized a cautious approach by policymakers. His remarks came after the release of US labor market data, which showed signs of weakening. The US unemployment rate has climbed to a four-year high, and job growth in November failed to fully offset the slowdown observed in October.

These developments have strengthened gold’s appeal globally, as lower interest rates reduce the opportunity cost of holding the yellow metal.

City-Wise Gold Rates in India (December 19, 2025)

Here are the latest gold prices across some major Indian cities:

• Delhi:

  • 22 Carat – ₹1,23,760 per 10 grams

  • 24 Carat – ₹1,35,000 per 10 grams

• Mumbai:

  • 22 Carat – ₹1,23,610 per 10 grams

  • 24 Carat – ₹1,34,850 per 10 grams

• Ahmedabad:

  • 22 Carat – ₹1,23,660 per 10 grams

  • 24 Carat – ₹1,34,900 per 10 grams

• Chennai:

  • 22 Carat – ₹1,23,610 per 10 grams

  • 24 Carat – ₹1,34,850 per 10 grams

• Kolkata:

  • 22 Carat – ₹1,23,610 per 10 grams

  • 24 Carat – ₹1,34,850 per 10 grams

• Hyderabad:

  • 22 Carat – ₹1,23,610 per 10 grams

  • 24 Carat – ₹1,34,850 per 10 grams

• Jaipur, Lucknow, Chandigarh:

  • 22 Carat – ₹1,23,760 per 10 grams

  • 24 Carat – ₹1,35,000 per 10 grams

• Bhopal:

  • 22 Carat – ₹1,23,660 per 10 grams

  • 24 Carat – ₹1,34,900 per 10 grams

Outlook: What Lies Ahead for Gold and Silver?

Analysts believe that gold prices may remain elevated in the near term due to ongoing global uncertainties, expectations of monetary easing, and steady domestic demand. However, investors are advised to keep an eye on upcoming economic data and central bank announcements, which could influence short-term price movements.

For buyers, especially those planning jewellery purchases, tracking daily gold rates has become crucial, as prices are showing sharp movements within short spans. For investors, gold and silver continue to offer diversification benefits in a volatile market environment.

Disclaimer: Gold and silver prices vary by city due to local taxes, making charges, and other factors. Investors and buyers should verify rates with local jewellers before making a purchase.