Gold and silver prices stayed mostly stable across Indian markets on Wednesday, December 25, with rates holding near recent highs. The steady trend reflects continued demand and supportive global market conditions.
On Christmas Day, 24-carat gold was priced close to ₹1.39 lakh per 10 grams in major cities such as Delhi, Mumbai, Chennai, and Kolkata. 22-carat gold, which is widely used for jewellery making, was selling at around ₹1.27 lakh per 10 grams. Prices showed small differences across cities due to local taxes, transportation costs, and jewellers’ margins.
Among the metros, Chennai and other southern cities recorded slightly higher gold prices, while Delhi and Mumbai saw marginally lower rates. Despite these minor variations, gold prices remained firm nationwide.
Silver prices also showed strength. On December 25, silver was trading at around ₹2.33 lakh per kilogram in most major markets. In cities like Chennai, silver prices were quoted even higher. Strong industrial demand and positive global cues have supported silver prices in recent weeks.
Market experts say the firmness in prices is due to global economic uncertainty, inflation worries, and expectations of lower interest rates in key economies. These factors usually increase demand for gold and silver, which are considered safe investment options during volatile periods. Domestic demand from the festive and wedding season has also helped keep prices elevated.
Over the past few weeks, gold prices have moved up gradually, with December seeing sustained buying interest. Silver, meanwhile, has recorded sharper gains during the month, benefiting from both investment and industrial demand.
Analysts caution that while prices are currently high, short-term fluctuations are possible depending on global economic data, currency movements, and central bank decisions. Still, the overall outlook for precious metals remains positive towards the end of the year.