Gold and silver prices in India remained near record levels on Tuesday, December 23, 2025, as demand stayed firm and global worries kept buyers in safe assets. In the futures market, MCX gold and silver also traded near fresh peaks during a holiday-shortened week.
Market watchers have linked the rise to global risk events, expectations of lower US interest rates, and steady buying in precious metals. Overseas, gold traded above the $4,400 per ounce mark in recent sessions, which helped support local prices as well.
On the Multi Commodity Exchange (MCX), February gold futures hit around ₹1,36,646 per 10 grams, while March silver futures rose to about ₹2,14,583 per kg, according to reports published on December 23.
Read More: Gold and Silver Rates Today, December 22, 2025
Rates below are for 1 gram of gold (retail market). Prices can differ slightly by seller due to local taxes, making charges, and dealer margins.
Gold prices in major cities (₹ per 1 gram)
| City | 24K | 22K | 18K |
|---|---|---|---|
| Chennai | 14,931 | 12,770 | 10,650 |
| Mumbai | 13,855 | 12,700 | 10,391 |
| Delhi | 13,870 | 12,715 | 10,406 |
| Kolkata | 13,855 | 12,700 | 10,391 |
| Bangalore | 13,855 | 12,700 | 10,391 |
| Hyderabad | 13,855 | 12,700 | 10,391 |
| Kerala | 13,855 | 12,700 | 10,391 |
| Pune | 13,855 | 12,700 | 10,391 |
| Vadodara | 13,860 | 12,705 | 10,396 |
| Ahmedabad | 13,860 | 12,705 | 10,396 |
These city rates align with figures reported by market trackers as of December 23, 2025.
Silver prices also stayed high in several cities on December 23, with many markets trading in the ₹2.23 lakh to ₹2.34 lakh per kg range.
Read More: Gold and Silver Rates Today, December 19, 2025
Silver prices in major cities
| City | 10 gm (₹) | 100 gm (₹) | 1 kg (₹) |
|---|---|---|---|
| Chennai | 2,340 | 23,400 | 2,34,000 |
| Mumbai | 2,230 | 22,300 | 2,23,000 |
| Delhi | 2,230 | 22,300 | 2,23,000 |
| Kolkata | 2,230 | 22,300 | 2,23,000 |
| Bangalore | 2,230 | 22,300 | 2,23,000 |
| Hyderabad | 2,340 | 23,400 | 2,34,000 |
| Kerala | 2,340 | 23,400 | 2,34,000 |
| Pune | 2,230 | 22,300 | 2,23,000 |
| Vadodara | 2,230 | 22,300 | 2,23,000 |
| Ahmedabad | 2,230 | 22,300 | 2,23,000 |
Gold and silver have moved up sharply in late December as global prices rose and local demand stayed steady.
MCX futures are trading at or near new highs, while retail prices differ by city and seller.
On December 23, 2025, gold and silver prices in India stayed near record levels. MCX futures reached new highs, and retail rates remained high across major cities, with slight variations based on local market factors.
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