Gold and Silver Stay High as Year Ends: City-Wise Rates for December 29 (X)
New Delhi: Gold and silver prices in the country continued to hold firm on Monday, keeping buyers and investors alert as the year draws to a close. Data from market trackers show bullion rates remain elevated across major cities, reflecting steady demand and ongoing global price strength.
In most major cities, the cost of 24-carat gold (also referred to as 999 pure gold) hovered around Rs 14,121 per gram, while 22-carat gold (which contains 91.67 percent pure gold, commonly used in jewellery) was priced at Rs 12,944 per gram on December 29.
Gold has climbed steadily after breaching historic levels in parts of the market. Analysts say this is due to a mix of global cues and seasonal buying ahead of the year-end.
Silver also maintained strong levels at just over Rs 2,50,900 per kg in India and the rate of Silver 925 (also known as Silver sterling) is at Rs 2,32,900 per kg. These levels mark a continued uptrend over recent weeks as investors seek safe-haven assets amid global market uncertainty.
Analysts say bullion markets have been on a strong run this month as investors seek safe havens amid global economic unease and expectations of lower interest rates abroad. Precious metals, especially silver, have seen sharp gains this year, far outpacing many other asset classes. Some global data point to historic highs in silver prices, adding to the momentum.
Even local buyers, whether jewellery shoppers or small investors, have been checking daily rates closely. High prices in late December make timing important for purchases ahead of weddings and festivals in early 2026.
December saw a broad uptrend in both metals. Silver, for example, climbed from below Rs 1.90 lakh per kilogram at the start of the month to over Rs 2.50 lakh now. Gold also climbed steadily, reflecting robust demand.
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