Gold Rates In India At New Majestic Highs; Gold & Silver Rates Target This Week; 24K, 22K, 18K Gold Prices

Gold rates in India skyrocketed to hit new historic highs on December 22. 10 grams gold in 24 carat has crossed Rs 1.36 lakh, while the price soared above Rs 1.02 lakh in 18 carat and neared Rs 1.25 lakh in 22 carat. Gold has surged by over 4.3% in December eventually. Meanwhile, silver rate in India also hit new lifetime high and neared Rs 2.20 lakh per 1Kg level. In the coming days, the year-end enthusiasm and new year cheer along with Christmas celebration will play a key role for gold demand due to holiday season. However, the question is whether gold and silver could hit beyond their current record levels before the big Christmas celebration?

Gold Rates In India:

10 grams gold price zoomed by Rs 1,970 in 24 carat to Rs 1,36,150, while the price advanced by Rs 1,800 to Rs 1,24,800 in 22 carat. Further, 10 grams gold soared by Rs 1,470 to Rs 1,02,100 in 18 carat during the evening of December 22. This is the new lifetime highs.

Meanwhile, 100 grams gold climbed by Rs 19,700 to Rs 13,61,500 in 24 carat, surged by Rs 18,000 to Rs 12,48,000 in 22 carat, and rose by Rs 14,700 to Rs 10,21,100 in 18 carat.

The cheapest gold price stood at Rs 13,615 per gram for 24 karat gold, Rs 12,480 per gram for 22 karat gold and at Rs 10,211 per gram for 18 karat gold (also called 999 gold).

Silver Rates In India:

Just like gold, silver also glittered better than ever. 1Kg silver price soared by Rs 5,000 to Rs 2,19,000, which is a new all-time high. Meanwhile, 100 grams and 10 grams silver stood at Rs 21,900 and Rs 2,190 respectively.

What Is Impacting Gold & Silver Prices?

According to Ponmudi R, CEO, Enrich Money, the uptrend continues to be supported by geopolitical uncertainty, steady central-bank accumulation, and persistent safe-haven flows.

Further, the analyst explained that the recent rally in gold is being driven by a combination of macro and structural factors. Heightened geopolitical risks continue to push investors toward defensive assets, while a relatively weaker US dollar, along with sustained central-bank purchases and steady investor inflows, has reinforced gold's role as a long-term hedge, contributing to one of its strongest annual performances in decades.

For silver, Ponmudi added, "Silver's strength is being driven by rising industrial demand from solar power, electric vehicles, and electronics, combined with persistent global supply deficits. Investor participation has increased as silver offers leveraged exposure to the broader precious-metal cycle. Its dual role as both an industrial and precious metal is amplifying momentum in the current market environment."

MCX Gold Price + MCX Silver Price

MCX gold price ended at Rs 1,36,785 per 10 grams, up by Rs 2,589 or 1.93% after hitting a new record high of Rs 1,36,788 per 10 grams.

Moreover, MCX silver price closed at Rs 2,13,500 per 1Kg, higher by Rs 4,631 or 2.22% after touching a new record of Rs 2,14,944 per 1Kg.

Gold & Silver Prices Weekly Outlook:

Analysts at SMC Global Securities in their weekly outlook report said, the precious metals market ended the week of December 19, 2025, with a striking divergence as silver surged over 6%, while gold remained flat. For 2025, silver remains the standout performer, gaining 125% year-to-date, far outpacing gold's 65% rise. The sharp rally was driven by the Bank of Japan's (BoJ) landmark decision to raise rates by 25 bps to 0.75%, its highest since 1995, ending decades of ultra-loose policy.

This triggered a surge in global bond yields and a broad unwinding of the yen carry trade, prompting investors to rotate into hard assets as hedges against sovereign risk and currency volatility.

The analysts also pointed out that the gold-silver ratio has compressed to 66.1 from nearly 90 at the start of the year, underscoring silver's industrial-led strength supported by record demand from AI, solar, and EV sectors, coupled with a supply deficit exceeding 140 million ounces. Meanwhile, robust central bank buying and expectations of further U.S. rate cuts continue to underpin gold's structural uptrend heading into 2026.

Going ahead, the analysts added, on the COMEX, gold faces resistance near $4,420 and support at $4,290, with a break beyond these levels set to define its next move. Silver is likely to trade between $61 and $72. Domestically, MCX gold is expected to trade within Rs 1,28,000- Rs 1,37,000, while MCX silver may fluctuate between Rs 1,92,000-Rs 2,25,000.

Overall sentiment remains bullish but cautious, with prices guided by global monetary shifts and safe-haven demand.

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