NEW DELHI, Dec 24, 2025: Gold rose to a new high in India on Wednesday, with the February contract touching Rs 1,38,676 per 10 grams on the Multi Commodity Exchange (MCX). In global markets, gold also moved past $4,500 an ounce as investors bought safe assets amid war risks and hopes of lower US interest rates.

MCX data showed the February gold contract hit an intraday high of Rs 1,38,676 per 10 grams and was last seen near Rs 1,38,126. The move marked the third straight session of gains in the contract.

Also Read: Gold and Silver prices in India December 23, 2025

Silver also stayed firm. The March 2026 silver contract on MCX rose to a fresh high of Rs 2,23,887 per kg, extending its run to a fourth session.

Internationally, gold climbed past $4,500 an ounce for the first time, with spot prices near $4,495 after touching an all-time high above $4,525, according to market reports. US gold futures also moved above $4,520 during the session.

Traders have been watching for signs that the US Federal Reserve may cut rates in 2026. Lower rates can make non-interest assets like gold more attractive. A weaker US dollar has also supported demand, while fresh geopolitical worries have pushed some investors toward gold and other precious metals.

In the Indian retail market, 24-carat gold was quoted around Rs 1,38,600 per 10 grams on Wednesday, while 22-carat gold was near Rs 1,27,050 per 10 grams, as per a city-wise price check published the same day.

Also Read: Gold and Silver Rates Today, December 22, 2025

The day’s move added to a strong year for bullion, with gold up sharply in 2025 and silver rising even more, based on global market tracking. Investors have cited war risks, central bank buying, and expectations of lower US rates as key reasons behind the rise.

Gold and silver hit new highs on Dec 24, 2025, in both Indian futures and global markets. Traders linked the rise to rate-cut hopes in the US, a weaker dollar, and higher demand for safe assets during global tensions.