Gold Rate Today, December 23, 2025: Check 22K & 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities
Gold prices hit new records in India, with 24K gold crossing INR 1,38,000 per 10g. Major cities like Delhi, Mumbai, and Chennai saw a significant surge driven by global cues and safe-haven demand. Check our city-wise list for the latest 22K and 24K retail rates and expert market outlook for the week.
Mumbai, December 23: Gold prices in India reached a new milestone on Tuesday, December 23, 2025, as a surge in global demand and geopolitical tensions pushed the precious metal to fresh record highs. In major retail markets, 24-carat gold climbed by approximately INR 1,480, crossing the INR 1.38 lakh per 10 grams mark, while 22-carat gold - the standard for jewelry - traded near INR 1.26 lakh. Scroll down to check gold rate today in Delhi, Chennai, Mumbai, Kolkata, Lucknow, Pune, Bengaluru, Hyderabad, Jodhpur, Jaipur, Srinagar, Noida, Ghaziabad, Gurugram and Ahmedabad.
The rally follows a "blistering" performance for precious metals throughout 2025. Today’s jump of over 1% is attributed to escalating political tensions between the US and Venezuela and ongoing economic uncertainty in Europe. These factors have bolstered gold’s "safe-haven" appeal, drawing significant interest from both institutional investors and central banks.
Domestically, the surge is further amplified by a weakening Indian Rupee and the peak of the winter wedding season, which traditionally keeps physical demand high despite the steep price point. Stock Market Today: Sensex, Nifty Open Marginally Higher, Slip Into Red As Santa Rally Remains Elusive.
Gold Rate Today, December 23, 2025
| City | 22K Gold (per 10g) | 24K Gold (per 10g) |
| Delhi | INR 1,26,472 | INR 1,37,970 |
| Mumbai | INR 1,26,683 | INR 1,38,200 |
| Chennai | INR 1,27,059 | INR 1,38,610 |
| Ahmedabad | INR 1,26,857 | INR 1,38,390 |
| Kolkata | INR 1,26,518 | INR 1,38,020 |
| Bengaluru | INR 1,26,784 | INR 1,38,310 |
| Hyderabad | INR 1,26,885 | INR 1,38,420 |
| Jaipur | INR 1,26,665 | INR 1,38,180 |
| Pune | INR 1,26,683 | INR 1,38,200 |
| Noida | INR 1,26,720 | INR 1,38,240 |
| Gurugram | INR 1,26,655 | INR 1,38,170 |
| Ghaziabad | INR 1,26,720 | INR 1,38,240 |
| Lucknow | INR 1,26,720 | INR 1,38,240 |
| Bhopal | INR 1,26,820 | INR 1,38,350 |
| Jodhpur | INR 1,26,720 | INR 1,38,240 |
| Srinagar* | INR 1,26,750 | INR 1,38,280 |
Why Gold Price Is Increasing
Market analysts point to three critical factors behind this week’s price action:
- US Federal Reserve Outlook: Markets are currently pricing in expectations for further interest rate cuts in 2026. Lower rates reduce the opportunity cost of holding non-yielding assets like gold.
- Geopolitical Risk: Renewed oil blockades and trade frictions have increased global market volatility, prompting a shift away from riskier assets like equities.
- Silver's Outperformance: Silver has mirrored gold’s rise, hitting an all-time high of INR 2,14,000 per kilogram in some cities, marking a staggering 120% gain year-to-date.
Investor Outlook
While the current high prices have caused a slight dip in physical jewelry volume, investment in digital gold and Gold ETFs remains robust. Experts suggest that while the market is in an overbought zone, the long-term stance remains "buy on dips." India to Become 3rd-Largest Economy With a GDP of USD 7.3 Trillion by 2030, Says Centre.
For retail consumers, it is recommended to check for BIS Hallmarking and the daily updated rates before making purchases, as prices are expected to remain volatile through the Christmas and New Year period.
(The above story first appeared on LatestLY on Dec 23, 2025 11:12 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).