Gold Rates Sky High Rally! 100 Grams Up Rs 58,000; 24K, 22K, 18K Gold Prices In Chennai, Hyderabad, Bengaluru

Gold rates in India have continued their record rally for five consecutive days, with 100 grams gold prices rising by Rs 58,000 and 10 grams up by Rs 5,800 in 24 carat during these period. On December 26, right after Christmas celebration, gold prices touched a new all-time high across the country. However, in cities like Bengaluru and Hyderabad, gold is cheaper at Rs 1,40,020 per 10 grams each, but expensive in Chennai at Rs 1,40,620. What is impacting gold prices on Friday? Let's find out!

Gold Rates In India:

Gold Rates In Chennai:

10 grams gold price climbed by 760 to Rs 1,40,620 in 24 carat, surged by Rs 700 to Rs 1,28,900, and up by Rs 650 to Rs 1,06,950 in 18 carat.

Meanwhile, 100 grams gold price soared by Rs 7,600 to Rs 14,06,200 in 24 carat, surged by Rs 7,000 to Rs 12,89,000 in 22 carat, and rose by Rs 6,500 to Rs 10,76,000 in 18 carat.

The price of gold in Chennai on December 26 is at Rs 14,062 per gram for 24 karat gold, at Rs 12,890 per gram for 22 karat gold and Rs 10,760 per gram for 18 karat gold (also called 999 gold).

Gold prices in Chennai have surged since five straight days. For instance, 100 grams gold price rose by Rs 2,200 on December 25, was up by Rs 3,300 on December 24, and further saw robust single-day growth of Rs 21,800 on December 23rd. It was also up by Rs 18,500 on December 22nd.

From December 22nd, gold price has surged by Rs 53,400 per 100 grams and up by Rs 5,340 in 10 grams under 24 carat in Chennai.

Despite gold prices being expensive in Chennai, the surge has been slower compared to rally in gold prices in cities like Hyderabad and Bengaluru during these five days.

Gold Rates In Bengaluru + Gold Rates In Hyderabad:

It needs to be noted that gold prices in Hyderabad and Bengaluru are the same. On December 26, 10 grams gold price rallied by Rs 770 to Rs 1,40,020 in 24 carat, climbed by Rs 700 to Rs 1,28,350 in 22 carat and rose by Rs 580 to Rs 1,05,020 in 18 carat.

Also, 100 grams gold price skyrocketed by Rs 7,700 to Rs 14,00,200 in 24 carat, advance by Rs 7,000 to Rs 12,83,500 in 22 carat and is up by Rs 5,800 to Rs 10,50,200 in 18 carat.

In these two cities, apart from the record surge on December 26, 100 grams gold price of 24 carat jumped by Rs 3,200 on December 25th, was up by Rs 3,800 on December 24, and saw its one of the strongest single-day surge of Rs 24,000 on December 23rd this month. Meanwhile, on December 22nd, 100 grams gold price climbed by Rs 19,700.

Cumulatively, 100 grams gold price and 10 grams gold price is up by Rs 58,400 and Rs 5,840 in 24 carat from December 22nd to December 26th.

What Is Impacting Gold Prices In India:

According to Rahul Kalantri, VP Commodities, Mehta Equities , precious metals continued their sharp rally, with gold and silver approaching $4,500 and $75 per ounce respectively after fresh record highs. Strong safe-haven demand and expectations of easier monetary policy continued to support the rally. Heightened geopolitical tensions-including supply disruptions in Venezuela, the ongoing Russia-Ukraine war, and a US strike on ISIS targets in Nigeria-boosted defensive buying.

He further added, "Markets now anticipate two 25-bps Fed rate cuts next year, as inflation eases and labor market conditions soften. Gold is up over 70%, while silver has gained more than 140% this year, marking its best performance since 1979. Central-bank buying and steady ETF inflows remain key support factors."

Gold & Silver Prices Outlook:

Here's how gold and silver will perform in the coming days, as per Ponmudi R, CEO of Enrich Money:

"Gold continues to serve as the anchor hedge amid elevated global uncertainty, while silver is increasingly emerging as the high-beta outperformer of the current cycle. Currency stability and global risk flows are expected to remain key drivers across asset classes in the coming weeks," said Ponmudi.

COMEX Gold Price Outlook:

Comex Gold continues to trade near all-time highs around $4,530-4,540/oz (Feb 2026 contract), with the multi-year breakout structure firmly intact. The broader trend remains decisively bullish, supported by persistent safe-haven demand, heightened geopolitical risks, aggressive central-bank accumulation, and expectations of further global monetary easing. Despite minor consolidation, price resilience remains strong, with dips consistently absorbed by buyers. A sustained hold above $4,500 keeps the upside open toward $4,600-4,650 in the near term. Key support is well defined in the $4,400-4,450 zone, which has repeatedly held during the advance.

MCX Gold Price Outlook:

MCX Gold futures are trading near lifetime highs at Rs138,900-139,000, maintaining a one-sided uptrend marked by higher highs and higher lows. Domestic sentiment remains firm, supported by strong global cues and a relatively stable rupee environment. A decisive breakout above Rs139,000 could open the path toward Rs140,000-Rs145,000, while strong downside support is placed at Rs136,000-Rs135,000.

Silver Price Outlook:

Silver continues to outperform across the precious metals space, surging to fresh record highs around $74-75/oz on COMEX (Mar 2026 contract). The rally is being driven by a powerful combination of safe-haven demand, accelerating industrial consumption and persistent supply tightness. The impulsive bullish structure remains dominant, with pullbacks shallow and short-lived. On the upside, momentum could extend toward the $78-$80 zone, while strong support is seen at $70-$72. Silver is currently delivering one of its strongest annual performances in decades, significantly outperforming gold amid favourable fundamentals and elevated risk premiums.

MCX Silver Price Outlook:

MCX Silver futures are trading at all-time highs near Rs231,000-232,000. The long-term bullish structure remains firmly intact as long as prices hold above Rs224,000. Strong demand zones are positioned at Rs215,000-Rs210,000. A clean breakout above Rs232,000-235,000 could trigger the next major leg of the rally, with upside targets opening toward the Rs240,000-Rs250,000 range.

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