Gold, Silver Prices Rise Again On December 26: Prices Stay High Across Indian Cities

New Delhi: Gold prices climbed steadily on Friday, with buyers in major Indian cities paying more for the precious metal compared with recent days. Prices were inching up across the board, though the gains were modest on the day. Prices reflect steady interest ahead of the new year.

Gold prices today: What are the latest rates?

In most major cities, the cost of 24-carat gold (also referred to as 999 pure gold) hovered around Rs 13,946 per gram, while 22-carat gold (which contains 91.67 percent pure gold, commonly used in jewellery) was priced at Rs 12,766 per gram on December 26.

• In Delhi, the current price of 24-carat gold is Rs 13,941 per gram and 22-carat gold is Rs 12,781 per gram.
• In Mumbai, the current price of 24-carat gold is Rs 13,926 per gram and 22-carat gold is Rs 12,766 per gram.
• In Kolkata, the current price of 24-carat gold is Rs 13,926 per gram and 22-carat gold is Rs 12,766 per gram.
• In Chennai, the current price of 24-carat gold is Rs 13,987 per gram and 22-carat gold is Rs 12,821 per gram.

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. 

How high is silver trading today?

Silver also maintained strong levels at just over Rs 2,34,100 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.

• Price of silver in Delhi is Rs 2341 per 10 grams.
• Price of silver in Mumbai is Rs 2341 per 10 grams.
• Price of silver in Kolkata is Rs 2341 per 10 grams.
• Price of silver in Chennai is Rs 2451 per 10 grams.

This rise in silver has been noticeable all month, with prices climbing from lower levels earlier in December. Demand for coins, utensils and industrial use has helped keep momentum upbeat in local markets.

Why are gold and silver prices moving up?

Analysts say the rally in precious metals is largely tied to global market forces. International gold prices hit record highs on Friday as investors moved money into safe-haven assets. Spot gold in global markets touched historic peaks driven by expectations of further interest rate cuts and economic uncertainty. 

Silver also hit milestones abroad, trading above $74 an ounce and at times reaching near $75, a level not seen before, as industrial demand and investment appetite grew. 

Should buyers wait or act now?

For everyday buyers planning gold or silver purchases for weddings or gifts, the decision depends on individual budgets and purpose. Traders and analysts caution that precious metal prices can be volatile and influenced by global economic news, currency movements and monetary policy signals.