Gold prices have risen today, December 27, 2025, influenced by a combination of global demand, inflationary pressures, and expectations of potential Federal Reserve rate cuts. This surge in precious metal values reflects a broader market trend, with silver and other metals also experiencing significant gains.

Current Gold Rates in Major Cities

Here’s a look at the gold rates in some of India's major cities today:

• Delhi: 24K gold is trading at approximately ₹14,138 per gram, while 22K gold is priced at ₹12,960 per gram. A 10-gram of 24K gold is ₹1,41,382 and 10 gram of 22K gold is ₹1,29,605.
• Mumbai: 24K gold is around ₹13,926 per gram, and 22K gold is approximately ₹12,766 per gram.
• Kolkata: Similar to Mumbai, 24K gold is priced at ₹13,926 per gram, with 22K gold at ₹12,766 per gram.
• Chennai: 24K gold is slightly higher at ₹13,987 per gram, while 22K gold is around ₹12,821 per gram.

These rates are indicative and may vary slightly depending on the jeweler.

Factors Influencing Gold Prices

Several factors are contributing to the upward trend in gold prices:

• Global Demand: Increased international demand for gold is a primary driver.
• Inflationary Pressures: Gold is often seen as a hedge against inflation, leading to increased investment during times of economic uncertainty.
• Federal Reserve Rate Cut Expectations: Anticipation of potential interest rate cuts by the Federal Reserve in 2026 is adding further momentum to the rally.
• Geopolitical Tensions: Ongoing tensions and geopolitical risks increase the appeal of safe-haven assets like gold.
• Domestic Demand: The wedding season in India is contributing to high local demand, further supporting the price hike.

Silver Prices

Silver prices are also on the rise, trading at approximately ₹2,34,100 per kilogram. Silver 925 (sterling silver) is priced around ₹2,3,900 per kilogram. The current price of Silver 999 in Delhi, Mumbai and Kolkata is Rs 2341 per 10 grams, while in Chennai it is Rs 2451 per 10 grams.

Market Trends and Analysis

Gold has reached record highs, marking its largest annual gain since 1979, with a surge of over 70% this year. This rally is supported by sustained central bank buying and steady inflows into gold-backed funds.

Analysts estimate gold to trade at $4350.85 USD/t oz. by the end of this quarter and $4614.58 in 12 months.

Impact of GST

The Goods and Services Tax (GST) in India also influences gold prices. Currently, taxation on gold jewelry is 3.00%. The gold rates are inclusive of 3.00% GST along with 10% custom duty and 5.00% processing fees.

Global Context

Gold is primarily traded on the OTC London market, the US futures market (COMEX), and the Shanghai Gold Exchange (SGE). These global exchanges play a crucial role in determining the international price of gold, which then impacts local markets.