After a strong uptrend in recent weeks, the momentum in gold prices has slowed slightly as we enter the final days of December. On Monday morning, December 29, 2025, gold rates witnessed a mild decline in India. Despite this dip, analysts continue to maintain a bullish outlook for the yellow metal in the coming year, citing global uncertainties, robust investment demand, and currency fluctuations.

According to market experts, gold and silver prices in the domestic market are influenced by a combination of global and local factors such as international spot rates, rupee-dollar exchange movement, and import duties.

Gold Price Trend: Where Do Rates Stand Today?

In Delhi, the price of 24-carat gold slipped to ₹1,41,360 per 10 grams, while 22-carat gold is available at ₹1,29,590 per 10 grams. Prices showed a similar pattern in other major cities such as Mumbai, Chennai, and Kolkata.

Last week alone, 24-carat gold surged by around ₹7,040, while 22-carat gold gained nearly ₹6,450, touching new highs in the domestic market. Internationally, spot gold recently touched a fresh peak of $4,530.42 per ounce, signaling strong international sentiment toward precious metals.

Gold Prices in Major Indian Cities (29 December 2025)

So far this year, gold has delivered an impressive 80.24% return in the domestic market. Market observers believe that geopolitical risks, sustained central bank buying, and increased investment in gold-backed instruments may continue to support prices in 2026 as well.

By December 26, gold’s market capitalization reached $31.598 trillion, reflecting growing confidence in the precious metal as a hedge against inflation and market volatility.

Silver Price Today: Minor Correction After a Massive Surge

Along with gold, silver prices also showed slight weakness today. On December 29, 2025, silver is retailing at ₹2,50,900 per kilogram after a marginal drop.

However, the bigger picture still points to a strong rally:

✔ In just one week, silver prices gained ₹37,000 per kg
✔ In 2025, silver has delivered over 163.5% returns in India
✔ Spot prices in global markets have surged to a record $75.63 per ounce

Strong industrial demand — especially from sectors like clean energy, EV batteries, and electronics — along with concerns over tightening global supply have pushed silver prices sharply higher. With silver’s market cap touching $4.220 trillion, analysts predict it could soon overtake NVIDIA to become the second-most valuable asset category globally.

Outlook: Will the Bullion Rally Continue?

Despite the short-term pullback, precious metal experts maintain that:

• The long-term outlook remains positive

• Inflation and global economic uncertainty may keep investors inclined toward gold and silver

• Industrial consumption will support silver’s strong performance

Investors are advised to monitor market trends closely and consider diversification strategies to make the most out of precious metal investments.