Gold Prices Reach ₹1.4 Lakh per 10g in Delhi Amid Global Trends

Gold prices in Delhi have surged past ₹1.4 lakh per 10 grams, marking a significant milestone for the yellow metal. As of December 23, 2025, prices for 24-karat gold rose by ₹2,650, reaching ₹1,40,850 per 10 grams, according to the All India Sarafa Association. This increase follows a prior closing price of ₹1,38,200 per 10 grams on December 22, 2025.

The recent surge in gold prices is attributed to favourable trends in international markets, where spot gold approached the $4,500 per ounce mark. On the same day, spot gold increased by $54.3, or 1.22%, to settle at $4,498 per ounce. This year, gold has seen a remarkable increase of 78.4% compared to the price of ₹78,950 per 10 grams recorded at the end of 2024.

Silver prices have also seen a notable increase, rising by ₹2,750 to a new peak of ₹2,17,250 per kilogram. This follows a previous closing price of ₹2,14,500 per kilogram. Since the start of 2025, the price of silver has soared by ₹1,27,550, or 142.2%, from ₹89,700 per kilogram.

Market analysts highlight that geopolitical uncertainties and a weakening US dollar have contributed to the strong demand for gold. Praveen Singh, a research analyst at Mirae Asset ShareKhan, stated, "Gold has extended its sharp rally to almost $4,500 per ounce on geopolitical jitters and weaker dollar as markets expect the Federal Reserve to cut rates more than two times next year."

In the international arena, silver has also demonstrated strength, breaching the $70-per-ounce threshold for the first time in overseas trading. Year-to-date, silver prices have risen by $41.03, or 141.62%, from $28.97 per ounce at the start of 2025.

Investors are now focusing on upcoming economic indicators, particularly the second estimate of third-quarter US GDP data, which is expected to provide insights into the US economy's performance and the Federal Reserve's future monetary policy direction. Renisha Chainani, Head of Research at Augmont, remarked, "Investors will now turn their attention towards the second estimate of third-quarter US GDP data, which is due later in the day and might provide clues into the health of the US economy and the future course of Federal Reserve's monetary policy outlook."

Futures contracts have also reflected these trends, with gold futures for February delivery reaching ₹1,38,496 per 10 grams, a rise of ₹1,752 or 1.28%. These contracts were trading slightly higher at ₹1,37,650 per 10 grams later in the evening. Meanwhile, silver contracts for March expiry hit a record high of ₹2,19,449 per kilogram, increasing by approximately 3% during the trading session.

The commodities market continues to respond to these fluctuations as global economic conditions evolve, with both gold and silver demonstrating significant volatility and investor interest. With ongoing developments in international finance and commodity trading, the outlook for precious metals remains a key area of focus for market participants.