Gold Price Today, December 8, 2025: XAU/USD Holds Above $4,200 as Fed Rate Cut Bets Grow

Gold prices are trading comfortably above $4,200 per ounce today (8 December 2025), with traders worldwide positioning for what could be one of the most closely watched Federal Reserve meetings in years. Spot prices remain just below recent record highs, while Indian gold rates hover around ₹1.30 lakh per 10 grams, keeping both investors and jewellery buyers on edge. ^[1]

Key Highlights – Gold Price Today (08.12.2025)

Global spot gold is around $4,209–4,210 per ounce, up roughly 0.3% intraday, after spiking as high as about $4,259 on Friday. ^[2]
Gold futures trade slightly softer but still near the highs, with front-month contracts around $4,239–4,240, and a 52‑week range stretching up to about $4,398, a gain of nearly 58% over the past year. ^[3]
Markets price an ~86–88% chance that the Fed will cut interest rates by 25 bps at its 9–10 December policy meeting, a key driver of today’s move. ^[4]
In India, MCX gold is trading near ₹1,30,400–1,30,700 per 10 grams, while 24K retail gold in major metros clusters around ₹1,30,000–1,30,870 per 10 grams, up about 0.1–0.2% on the day. ^[5]
Silver remains red‑hot: it recently hit a record $59.32/oz and still trades just below that level, with Indian silver prices in some reports near ₹1.81–1.95 lakh per kg. ^[6]
Short‑term forecasts released today point to a “sideways to higher” bias for gold, with upside targets stretching towards $4,264–4,365 if key resistance levels break. ^[7]

Global Gold Price Today (XAU/USD) – 8 December 2025

Spot and Futures Snapshot

Spot gold: Around $4,209–4,210 per troy ounce, up roughly 0.25–0.30% versus Friday’s close. ^[8]
Day’s range so far: roughly $4,191–4,219, showing modest but steady buying into the Fed meeting. ^[9]
U.S. futures (COMEX/GC): Front‑month gold futures hover near $4,239–4,240, with today’s range around $4,225–4,248. ^[10]

Data from Trading Economics, Investing.com and Reuters all show gold comfortably above $4,200, recovering from a small weekly loss but still trading just below recent all‑time highs in the $4,380–4,400 area. ^[11]

Gold Rate Today in India – MCX & City‑Wise Trends

MCX Gold and Silver

On the Multi Commodity Exchange (MCX):

MCX Gold (near-month) opened around ₹1,30,494 per 10g and was last seen trading near ₹1,30,700 per 10g, up about 0.2% intraday. ^[12]
Gold February contracts are quoted close to ₹1,30,400 per 10g, nearly flat but holding at elevated levels. ^[13]
MCX Silver trades around ₹1.82 lakh per kg, slightly lower than Friday’s record levels amid mild profit‑taking. ^[14]

Despite intraday noise, the message from MCX is clear: domestic gold remains near historic highs, with only shallow corrections as traders wait for the Fed decision.

Retail Gold Prices Across Indian Cities

Several price‑tracking portals and news outlets show broadly similar levels for 24K and 22K gold today:

Financial Express’ “Gold Pulse” update (2:01 pm IST) shows 24K gold between ₹1,30,270 and ₹1,30,870 per 10g across major metros like Mumbai, Delhi, Chennai and Bengaluru, with 22K around ₹1,19,400–1,19,960 per 10g. The move represents a daily gain of about ₹190 per 10g (≈0.15%). ^[15]
Mathrubhumi, using Goodreturns data, reports 24K prices near ₹13,014–13,134 per gram (≈₹1,30,140–1,31,340 per 10g) and 22K near ₹11,929–12,039 per gram across key cities, noting only “minimal decreases” versus the previous day – essentially a consolidation phase at high levels. ^[16]
5Paisa pegs the national 24K benchmark at ₹13,042 per gram, with 22K and 18K at ₹11,955 and ₹9,782 per gram, respectively – modestly higher than on 5 December, confirming a grinding uptrend in rupee terms. ^[17]
BizzBuzz highlights a headline 24K price of ₹1,30,150 per 10g and 22K at ₹1,19,300, calling today’s move a “significant drop” from peak levels but stressing that gold remains “very close to record highs” for Indian buyers. ^[18]

Meanwhile, Angel One compares Dubai and India prices, showing that on 8 December 2025, 24K gold in Dubai costs about ₹6,100 less per 10g than the Indian average, reflecting persistent import duties and taxes in India. ^[19]

What’s Driving Gold Prices Today?

1. Fed Rate Cut Expectations Dominate

Markets are overwhelmingly betting that the U.S. Federal Reserve will deliver its first rate cut of this cycle at the 9–10 December FOMC meeting:

CME FedWatch probabilities cited by Reuters and other analysts show roughly 86–88% odds of a 25 bps cut. ^[20]
A Reuters piece today notes that spot gold is rising as the U.S. dollar index hovers near a one‑month low, with traders positioning for easier policy. ^[21]

Lower rates historically support gold by:

Reducing the opportunity cost of holding a non‑yielding asset.
Weakening the U.S. dollar, which cheapens gold for non‑dollar buyers.

2. Softer U.S. Economic Data and Cooling Inflation

Recent U.S. data has reinforced the case for a cut:

Core PCE inflation – the Fed’s preferred gauge – rose 0.2% month‑on‑month and 2.8% year‑on‑year in September, broadly in line with expectations and consistent with a gradual disinflation trend. ^[22]
Labour data show private payrolls seeing their sharpest decline in over two and a half years, while weekly jobless claims have bounced from prior lows, pointing to a softening labour market. ^[23]

Together, this combination gives the Fed room to pivot more decisively toward easing, which is exactly the scenario gold bulls have been waiting for.

3. Dollar Weakness and Bond Yields

Reuters reports the dollar index near recent lows, while 10‑year U.S. Treasury yields hover around 4.15%, having risen last week but easing slightly today. ^[24]
A softer dollar boosts XAU/USD, while any cap on yields helps real rates move lower – another structural tailwind for gold.

4. Central Bank Buying – China Still in Focus

Both Financial Express and RoboForex highlight that the People’s Bank of China (PBoC) has now increased its gold reserves for 13 consecutive months, underpinning demand beneath the market. ^[25]

Persistent central‑bank demand is one reason analysts see dips as buying opportunities rather than the start of a deep bear market.

5. Silver’s Record Run and Cross‑Metal Sentiment

Silver’s explosive rally is also shaping sentiment in bullion:

Reuters notes silver hit a record high of $59.32/oz on Friday and has more than doubled in 2025, driven by supply deficits and its status as a “critical mineral” in the U.S. ^[26]
In India, some outlets report silver at ₹1.81–1.95 lakh per kg, reflecting that the metal is now front‑page news alongside gold. ^[27]

The silver surge tends to spill over into gold, reinforcing the narrative that precious metals remain a core hedge in portfolios.

Technical Picture: Key Levels for XAU/USD

Today’s technical commentary from multiple desks paints a broadly aligned picture: bullish trend, but with nearby resistance and scope for shallow pullbacks.

Short‑Term Intraday View

LiteFinance describes gold as being in a short‑term uptrend, with price recently approaching a second bullish target near $4,264. Their base case:
- If a new upward impulse resumes, gold could test $4,264.
- A break below $4,164–4,154 would extend the correction towards $4,114–4,099, seen as a trend boundary and potential buy zone. ^[28]
RoboForex also sees gold climbing within an ascending channel, projecting a move towards $4,365 once price consolidates above roughly $4,290 and confirms an upside breakout from a triangle pattern. ^[29]

Medium‑Term Structure

Daily Price Action notes that on the 4‑hour chart, gold’s structure remains decisively bullish, with a series of higher highs and higher lows. As long as price holds above the key lows just above $4,000, buyers remain in control, with a trend line and demand area converging near $4,130. ^[30]
MarketPulse (OANDA) highlights: ^[31]
- Support #1: around $4,202 – a recent breakout high.
- Support #2: near $4,056 (20‑day moving average).
- Psychological support: $4,000, with deeper support near $3,889.
- Resistance #1: $4,240.
- Resistance #2 / all‑time‑high target: $4,381.

In other words, $4,200–4,210 is now a pivotal zone: above it, the path of least resistance remains higher, but a sustained break back below $4,150 could open room for a deeper, though still healthy, correction.

Forecasts and Analyses Published for 8 December 2025

Here’s how different analysts and newsrooms are framing gold’s outlook today:

1. Global Macro & Investment Bank Views

In today’s Reuters piece, a UBS analyst reiterates a view that expected Fed easing in 2025–26 should push gold towards $4,500 per ounce next year, assuming the rate‑cut cycle extends beyond December. ^[32]
Trading Economics notes gold has risen about 2.3% over the past month and over 58% year‑on‑year, reinforcing the idea that we are still in a late‑stage bull market rather than a new trend. ^[33]

2. RoboForex (XAUUSD Forecast for 8 December 2025)

RoboForex’s daily gold forecast, specifically dated 08.12.2025, emphasises: ^[34]

Current XAU/USD levels around $4,217.
A forecast target of $4,365 for the current move, contingent on a breakout above $4,290.
Fed cut probabilities of roughly 87.2%, plus expectations of two more rate cuts in 2026, as key macro drivers.
Continuing PBoC gold purchases and mixed but stabilising U.S. data as additional fundamental support.

Their base case: a nearing end to the ongoing correction, followed by a renewed leg higher within the existing uptrend.

3. LiteFinance (Short‑Term Analysis for 08.12.2025)

LiteFinance’s short‑term note today outlines: ^[35]

Trend: Short‑term uptrend still intact.
Upside target: $4,264 (second bullish target).
Key zones:
- Support A: $4,164–4,154.
- Support B: $4,114–4,099 – a deeper pullback level that still preserves the broader bullish structure.

They essentially frame today’s environment as “buy‑the‑dip within a rising trend”, though with clear invalidation levels if those supports fail.

4. Price‑Action & Technical Specialists

Daily Price Action (weekly forecast for 8–12 December 2025) stresses that gold’s 4‑hour trend remains bullish, with a trend line and liquidity pocket beneath current prices. As long as price holds above the lows just above $4,000, the author expects further upside, with $4,130 highlighted as a key support area. ^[36]
MarketPulse underscores that gold remains “well supported technically and fundamentally,” with $4,202 acting as first support and $4,240 / $4,381 the next upside targets, the latter aligning with potential new all‑time highs. ^[37]

5. India‑Focused Outlook (MCX & Physical Market)

The Times of India and other Indian business outlets frame the near‑term call as “cautiously bullish” for MCX gold. Analysts talk of a sideways‑to‑higher range roughly between ₹1,28,000 and ₹1,33,000 per 10g, with Fed policy and the rupee’s path as key swing factors. ^[38]
Economic Times’ commodities section highlights today’s gain as driven by Fed rate‑cut optimism weighing on the dollar, with analysts still recommending buy‑on‑dips strategies in line with the global macro narrative. ^[39]
Financial Express explicitly notes that domestic prices are trending higher on a soft dollar, weaker U.S. data, and PBoC buying, and that many local analysts expect gold to grind higher if the Fed confirms a dovish tilt this week. ^[40]

What Today’s Gold Move Means for Different Market Participants

This section is informational and not investment advice. Always consider your own circumstances or speak to a qualified adviser before making financial decisions.

Short‑Term Traders (XAU/USD, Futures, Options)

Volatility risk: With an “almost fully priced” 25 bps Fed cut, the bigger risk is the tone of the Fed’s guidance – a hawkish cut could trigger a fast pullback from above $4,200, while a more dovish message could catapult gold toward $4,264–$4,365 resistance bands highlighted in today’s technical notes. ^[41]
Key intraday levels many desks are watching:
- Supports: ~$4,164–4,154, then ~$4,114–4,099, and structurally $4,000–4,130. ^[42]
- Resistances: ~$4,240, then ~$4,264, and the high‑beta $4,290–4,381 zone. ^[43]

Long‑Term Investors

For long‑term holders and ETF investors, today’s action mostly confirms the existing narrative:

Macro drivers – slower growth, disinflation, potential multi‑step Fed easing, and central‑bank gold accumulation – still point to gold as a portfolio hedge against policy missteps and lingering inflation risk. ^[44]
However, with futures already up nearly 60% over the past year, topping out toward the upper end of historical valuations, there is a real risk of sharp corrections whenever the market is surprised by data or central‑bank guidance. ^[45]

Jewellery Buyers and Physical Demand (Especially in India & the Gulf)

Indian buyers face all‑time‑high local prices, with 22K jewellery rates around ₹1.19–1.20 lakh per 10g, forcing many households to buy smaller quantities or wait for dips. ^[46]
Price comparisons show 24K gold in Dubai is significantly cheaper (around ₹6,000+ per 10g less than Indian averages), which may keep overseas purchases attractive for some NRIs and travellers, subject to customs limits and local regulations. ^[47]

Events to Watch Next for Gold

Over the next few days, gold traders will be laser‑focused on:

Fed Meeting (9–10 December 2025)
- Decision on rates (expected 25 bps cut).
- Dot plot and Chair’s press conference tone: how many cuts are implied for 2026? ^[48]
U.S. Data Flow
- Any surprises in jobs, inflation or spending that could re‑tighten or further loosen policy expectations. ^[49]
Central Bank Reserve Reports
- Updates from China and other EM central banks on gold reserves, given their growing influence on the demand side. ^[50]
Silver and Industrial Metals
- If silver continues to set new highs, the precious‑metals complex may see additional inflows that indirectly support gold. ^[51]

Bottom Line

On 8 December 2025, gold price today is all about $4,200 and the Fed:

The market is pricing in a cut,
the dollar is soft,
central banks keep buying, and
technicals still lean bullish despite stretched valuations.

Whether gold’s next big move is deeper into record‑high territory or a sharp shake‑out correction will largely depend on how convincingly the Fed leans into an easing cycle – and how long real interest rates can stay low enough to justify these elevated prices.

For now, though, gold remains firmly in “buy‑the‑dip, not sell‑the‑rip” territory in most of today’s published analysis – with one clear caveat: volatility around the Fed announcement could be extreme, and leverage cuts both ways.