Gold and silver prices in India experienced a minor dip on December 16, 2025, amid domestic buying patterns and currency movements. These precious metals
hold special importance in India, not only as investment assets but also as cultural symbols closely tied to weddings, festivals, and long-term savings. Even small shifts in global markets or exchange rates can influence retail prices across Indian cities. On Tuesday, 24-carat gold, also known as 999 purity gold, recorded at Rs 13,032 per gram, while 22-carat gold, commonly used for jewellery due to its durability, is selling at Rs 11,946 per gram, according to the data from Goodreturns. These prices reflect a cautious optimism in global markets, where investors continue to hedge against economic uncertainty. Meanwhile, Gold rates registered a sharp uptick on Monday, supported by firm international prices and persistent inflation concerns in major economies. Demand for safe-haven assets has remained steady, lending support to bullion prices. City-Wise Gold Rates Across Major Metros Gold prices show minor variations across Indian cities due to differences in local taxes, logistics, and demand patterns, with Delhi seeing 24-carat gold priced at Rs 13,047 per gram and 22-carat gold at Rs 11,961 per gram, while Mumbai and Kolkata are aligned at Rs 13,032 per gram for 24K gold and Rs 11,946 per gram for 22K gold. Chennai continues to quote slightly higher rates, with 24-carat gold priced at Rs 13,125 per gram and 22-carat gold at Rs 12,031 per gram. Silver Prices Remain Steady Silver prices in India are holding firm, driven largely by industrial consumption and global market trends. On December 16, 2025, silver (999 purity) is trading at around Rs 1,99,100 per kilogram, while Silver 925, often used in ornaments and artefacts, is priced near Rs 1,89,000 per kilogram. At the retail level, silver prices are uniform across Delhi, Mumbai, and Kolkata at Rs 1,991 per 10 grams, while Chennai records a higher rate of Rs 2,071 per 10 grams. Silver continues to attract both investors and consumers, especially in regions where silver jewellery is preferred over gold. What Influences Gold and Silver Prices in India Several factors determine daily movements in bullion prices, including international spot rates, the strength of the US dollar, crude oil prices, and domestic demand trends. With the festive and wedding season approaching, buying interest could further influence price momentum in the coming weeks.
