Gold is ending the year on an absolute tear. As of Monday, December 29, 2025, the “safe haven” metal is hovering just above 4,512 per ounce in the international spot market, after hitting a staggering all-time high of 4,549 on Friday.
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The thing is, the domestic market in India is mirroring this madness. Or nothing. Let’s be real, seeing 24K gold cross the ₹1,41,000 per 10 grams mark in cities like Chennai is a psychological threshold we didn’t expect to hit so soon. Those too.
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Gold Rates in India Today (Dec 29, 2025)
Prices have cooled slightly from the Friday peak but remain historically high. Here is the ground reality in major metros:
| City | 24K (per 10g) | 22K (per 10g) | 18K (per 10g) |
| Chennai | ₹1,41,810 | ₹1,29,990 | ₹1,08,490 |
| Delhi | ₹1,41,360 | ₹1,29,590 | ₹1,06,060 |
| Mumbai | ₹1,41,210 | ₹1,29,440 | ₹1,05,910 |
| Kolkata | ₹1,41,210 | ₹1,29,440 | ₹1,05,910 |
| Bangalore | ₹1,41,210 | ₹1,29,440 | ₹1,05,910 |
The “Safe Haven” Surge: Why Now?
It’s a cocktail of chaos driving these numbers.
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The Geopolitical Engine: Even with talks between Trump and Zelensky hinting at a possible Ukraine peace deal, the market is jittery. One headline says “peace,” the next says “escalation.”
The Fed Factor: Traders are betting on at least two more US interest rate cuts in 2026. When rates go down, gold—which doesn’t pay interest—suddenly looks like a genius move.
The Rupee Slide: The rupee is currently sitting near 89.69 against the US dollar. Because India imports most of its gold, every time the rupee weakens, the local price of gold jumps.
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The Outlook: $5,000 in 2026?
And here’s the kicker: some institutional forecasts are now pointing toward 4,900–5,000 by late 2026. Domestic prices on the MCX (Multi Commodity Exchange) are currently trading around ₹1,40,228, and analysts say any dip toward ₹1,38,000 is basically a “buy signal.”
It’s an ongoing situation where the “financialization” of gold—via ETFs and digital platforms—has allowed small retail investors to jump into the rally alongside central banks. If the current momentum holds, we could be looking at ₹1,50,000 for 24K gold before the next wedding season peaks.
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End…
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