What is the story about?
Gold and silver prices moved higher on Monday, December 22, 2025, hitting fresh record highs on the Multi Commodity Exchange (MCX). The gains were supported
by firm cues from Asian markets, rising expectations of a US Federal Reserve rate cut, and escalating geopolitical tensions across regions such as the Middle East and Latin America. In the commodity market, gold futures (Feb 2026) climbed to Rs 1,35,919 per 10 grams -- up 1,706 points or 1.27 per cent -- while silver futures (March 2026) surged to Rs 2,14,583 per kg -- up 5,361 points or 2.57 per cent -- reflecting increased demand for safe-haven assets.
Asian market cues lift bullion prices
Bullion prices strengthened in Asian trade as investors sought safety amid global uncertainty:
- Spot gold rose 0.2 per cent to USD 4,348.30 per ounce
- Spot silver gained 0.4 per cent to USD 67.5325 per ounce
- February silver futures advanced 0.4 per cent to USD 67.860 per ounce
Market participants remain cautious ahead of key signals from the US Federal Reserve, with expectations of softer interest rates boosting demand for non-yielding assets like gold.
Gold, Silver Outlook: Should you buy now?
Ajay Kedia of Kedia Advisory noted that international gold has crossed USD 4,400 per ounce, while silver trades above USD 68 per ounce. According to him, silver could test USD 70 by year-end due to strong industrial and investor demand, supported by recent rate cuts.
The commodity market expert recommends buying silver futures at Rs 7,800 per kg, with a stop-loss of Rs 6,500 and an immediate target of Rs 8,100. He suggests maintaining the buying momentum as long as the price holds above Rs 2 lakh per kg.
For gold futures, he has a buy call with a target of Rs 1,35,000, recommending entry around Rs 1,33,900 per 10 grams, with a stop-loss of Rs 1,33,400.
“Strong fundamentals, coupled with a declining gold-silver ratio, make silver a compelling buy-side opportunity right now,” Kedia told ET Now Swadesh.
Gold rates in major indian cities
Gold prices varied slightly across key cities:
Delhi
- 24-carat: Rs 1,34,320 per 10 grams
- 22-carat: Rs 1,23,140 per 10 grams
- 18-carat: Rs 1,00,780 per 10 grams
Mumbai
- 24-carat: Rs 1,34,170 per 10 grams
- 22-carat: Rs 1,22,990 per 10 grams
Chennai
- 24-carat: Rs 1,35,270 per 10 grams
- 22-carat: Rs 1,23,990 per 10 grams
- 18-carat: Rs 1,03,440 per 10 grams
Kolkata
- 24-carat: Rs 1,34,170 per 10 grams
- 22-carat: Rs 1,22,990 per 10 grams
- 18-carat: Rs 1,00,630 per 10 grams
Across India, 22-carat gold was priced around Rs 1,22,990 per 10 grams, while 18-carat gold hovered near Rs 1,00,630 per 10 grams.
Silver prices climb across markets
Silver prices also edged higher in the domestic market:
- India (average): Rs 2,13,900 per kg
- Delhi, Mumbai, Kolkata: Rs 2,13,900 per kg
- Chennai, Kerala, Hyderabad: Rs 2,25,900 per kg
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
