Gold is on a tear today, Tuesday, December 23, 2025. It’s not just a small bump; we’re looking at a 1.05% jump that has pushed 24K gold to a staggering ₹138,250 per 10 grams. Or nothing. If you were waiting for a “dip” to buy for the wedding season, this isn’t it.
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The thing is, the world is feeling a bit shaky right now. You’ve got the U.S. Navy reportedly seizing oil tankers off the coast of Venezuela, and that kind of geopolitical mess always sends people running to gold.1 Those too. And here’s the kicker: Silver is actually outperforming gold, exploding to nearly ₹2.16 lakh per kg. It’s a wild day for the bullion market.2
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The Price Gap: India vs. Dubai
It’s the same old story, but the gap is widening. If you’re flying to Dubai today, you’re looking at a massive saving—over ₹25,000 per 10 grams cheaper than in Mumbai or Delhi.
India (24K): ₹138,250
Dubai (24K): ₹112,816 (approx. AED 5,330)
Difference: ~22.5% (mostly thanks to import duties and local taxes).
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Gold Rates Today: Dec 23, 2025
| City | 22K (per 10g) | 24K (per 10g) |
| Mumbai | ₹126,729 | ₹138,250 |
| Delhi | ₹127,150 | ₹138,700 |
| Chennai | ₹127,700 | ₹139,310 |
| Bengaluru | ₹127,000 | ₹138,550 |
Why is this happening?
It’s a perfect storm.
The Venezuela Conflict: Trump’s “naval blockade” and tanker seizures have sparked a “flight to safety.”3
Fed Rate Cuts: Markets are pricing in multiple rate cuts for 2026.4 When interest rates drop, gold goes up. Simple math.
The Weak Dollar: The Greenback is sliding, making gold (which is priced in dollars) cheaper for other countries to hoard, driving up global demand.5
It’s an ongoing situation, and with the U.S. GDP data due later today, things could get even messier by the evening. Let’s be real, seeing gold hit ₹1.38 lakh feels surreal if you remember it was half that price just a few years ago.
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End…
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