Gold prices in India scaled a historic peak during Friday's trading session, reflecting robust demand for the precious metal as a safe-haven asset. The surge comes amid market anticipation surrounding the US Federal Reserve's monetary policy stance in early 2025.
MCX Gold Futures Touch All-Time High
On the Multi-Commodity Exchange (MCX), gold prices for the February 2026 contract reached a fresh record high level of ₹140,465 per 10 grams. This milestone was achieved during the commodity market session on Friday, 27 December 2025. The futures contract eventually settled the day at ₹139,940 per 10 grams, marking a marginal gain of ₹67 or 0.05% from the previous close of ₹139,873.
According to data from India Bullions, the spot price for 24-karat gold across the country was noted at ₹140,290 per 10 grams as of 4 p.m. Indian Standard Time on the same day. The price for 22-karat gold stood at ₹128,599 per 10 grams.
City-Wise Gold and Silver Rates
Retail gold prices vary across major Indian cities due to factors like local taxes and making charges. Here is a snapshot of the prices for 24-karat and 22-karat gold in key metropolitan areas as of 27 December 2025.
Mumbai: 24K - ₹139,790; 22K - ₹128,141.
New Delhi: 24K - ₹140,030; 22K - ₹128,361.
Kolkata: 24K - ₹139,850; 22K - ₹128,196.
Ahmedabad: 24K - ₹140,220; 22K - ₹128,535.
Bengaluru: 24K - ₹140,140; 22K - ₹128,462.
Hyderabad: 24K - ₹140,250; 22K - ₹128,563.
Chennai: 24K - ₹140,440; 22K - ₹128,737.
Silver Prices Also Show Strength
Silver prices followed a positive trend alongside gold. The rates for silver (999 fine) per kilogram in major cities were as follows:
Delhi: ₹240,130
Mumbai: ₹240,550
Kolkata: ₹240,230
Ahmedabad, Bengaluru, Hyderabad, Chennai: Prices were reported per 10 grams at ₹240,870, ₹240,740, ₹240,930, and ₹241,250 respectively.
Similarly, silver (925 Sterling) was quoted at ₹222,120 per kg in Delhi, ₹222,509 in Mumbai, and ₹222,213 in Kolkata. In other cities, the rate was provided per 10 grams.
Investment Outlook and Key Drivers
The primary catalyst for the rally in gold prices is the heightened demand for safe-haven assets. Investors are closely monitoring the US Federal Reserve's expected actions in January 2025, which influences global dollar strength and, consequently, bullion prices. This macroeconomic uncertainty has driven capital towards traditional stores of value like gold.
It is crucial for retail buyers to note that the final jewellery bill will be higher than the quoted bullion prices. Jewellers add making charges, applicable taxes, and Goods and Services Tax (GST) to the final cost.
Disclaimer: This news article is for informational and educational purposes only. Investors are strongly advised to consult with certified financial experts before making any investment decisions in commodities or other asset classes.
