Gold prices in India scaled a fresh all-time peak on Wednesday, December 17, 2025, marking a sharp recovery after a recent dip. The precious metal witnessed a broad-based rally across all purity levels, with 24-carat gold leading the surge.
Record-Breaking Rally Across Purity Levels
The day's trading saw significant gains for the yellow metal. The price of 24K gold increased by ₹65 to reach ₹13,451 per gram. Similarly, 22-carat gold became more expensive by ₹60, settling at ₹12,330 per gram. The 18-carat variant also joined the upward trend, registering a gain of ₹49 to trade at ₹10,088 per gram.
This upward movement comes after prices witnessed a decline on Tuesday, highlighting the ongoing volatility in the bullion market. Financial experts often view gold as a reliable hedge against inflation, a factor that continues to drive investor interest, especially among Indian households.
City-Wise Gold Rates for December 17
While the national average provides a benchmark, prices vary slightly from city to city due to factors like local taxes and demand. Here is a snapshot of gold rates per gram in major Indian cities as of today:
- Chennai: 24K - ₹13,528 | 22K - ₹12,400 | 18K - ₹10,350
- Mumbai: 24K - ₹13,451 | 22K - ₹12,330 | 18K - ₹10,088
- Delhi: 24K - ₹13,466 | 22K - ₹12,345 | 18K - ₹10,103
- Kolkata: 24K - ₹13,451 | 22K - ₹12,330 | 18K - ₹10,088
- Bangalore & Hyderabad: 24K - ₹13,451 | 22K - ₹12,330 | 18K - ₹10,088
Other cities like Pune, Kerala, and Nagpur reported rates identical to Mumbai. Ahmedabad, Vadodara, and Patna saw 24K gold at ₹13,456. Jaipur, Lucknow, and Chandigarh had among the highest rates, with 24K gold priced at ₹13,466 per gram.
Market Outlook and Investor Sentiment
The bullish sentiment in the gold market is not confined to India. A recent report from global investment bank Goldman Sachs indicates that around 70% of institutional investors worldwide anticipate further increases in gold prices in the coming year.
In the domestic context, the metal's journey has been marked by significant swings. After soaring to unprecedented levels, it experienced a corrective phase last month before resuming its climb. The distinction in usage remains clear: while 24-carat gold is predominantly preferred for investment bars and coins, 22-carat and 18-carat gold are the mainstays for jewellery fabrication across the country.
The current price rally underscores gold's enduring appeal as a safe-haven asset during times of economic uncertainty. Investors and buyers are advised to monitor the daily rates closely, as the market continues to react to global economic cues and local demand dynamics.
