Gold prices in India steadied and edged higher on Wednesday, December 17, 2025, after a sharp round of profit-taking a day earlier snapped a record run. Retail rates across major cities moved up modestly, while MCX gold remained volatile near lifetime highs—and silver stole the spotlight, surging to fresh records above ₹2.05 lakh/kg in early trade. [1]
The action is being driven by a familiar mix of factors: shifting expectations around US interest rates, a moving US dollar, and currency pressure at home—where a weaker rupee typically lifts the landed cost of imported bullion. [2]
Gold rate today in India: latest 24K, 22K, 18K prices
As of Dec 17, the all-India reference prices tracked by GoodReturns (as carried by multiple Indian outlets) showed gains versus the previous day:
- 24K gold:₹13,451 per gram (up ₹65)
- 22K gold:₹12,330 per gram (up ₹60)
- 18K gold:₹10,088 per gram (up ₹49) [3]
On a 10-gram basis, that translates to approximately:
- 24K:₹1,34,510 per 10 grams
- 22K:₹1,23,300 per 10 grams
- 18K:₹1,00,880 per 10 grams [4]
Gold price today in your city: Delhi, Mumbai, Chennai, Bengaluru, Kolkata and more
Retail prices remained tightly clustered across metros, with small differences typically explained by local taxes, jeweller margins, and logistics. Here are key city-wise rates (per gram) for Dec 17, 2025:
- Chennai: 24K ₹13,528 | 22K ₹12,400 | 18K ₹10,350
- Mumbai: 24K ₹13,451 | 22K ₹12,330 | 18K ₹10,088
- Delhi: 24K ₹13,466 | 22K ₹12,345 | 18K ₹10,103
- Kolkata: 24K ₹13,451 | 22K ₹12,330 | 18K ₹10,088
- Bengaluru: 24K ₹13,451 | 22K ₹12,330 | 18K ₹10,088
- Hyderabad: 24K ₹13,451 | 22K ₹12,330 | 18K ₹10,088
- Ahmedabad: 24K ₹13,456 | 22K ₹12,335 | 18K ₹10,093
- Jaipur: 24K ₹13,466 | 22K ₹12,345 | 18K ₹10,103 [5]
Why this matters: If you’re buying jewellery, the “headline” gold rate is only the start. Your final bill will also include making charges, GST, and any brand premium—so the same city can still show meaningful differences from one retailer to another, even when published rates look identical. [6]
MCX gold price today: near record highs, but swings remain sharp
In futures, gold continued to hover near its peak levels:
- MCX gold February contracts were reported near ₹1,35,150 per 10 grams in early trade, still just below the previous session’s record zone. [7]
- Around 9:20 am, prices were also seen dipping to roughly ₹1,34,129 per 10 grams amid profit-taking as the dollar firmed. [8]
- Another market snapshot showed gold February futures around ₹1,35,129 per 10 grams, leaving it only ₹367 short of the ₹1,35,496 all-time high referenced for Dec 15. [9]
Moneycontrol’s intraday read underscored the volatility: MCX gold was described as opening around ₹1,35,079, touching lows near ₹1,33,373, and then trading around ₹1,34,476 later in the session. [10]
Global gold price today: the Fed, the dollar, and US data are back in the driver’s seat
Globally, gold’s direction is being shaped by how traders are repricing the US interest-rate path and reacting to high-frequency data.
- Reuters reported spot gold rising to about $4,334 per ounce as markets digested US jobs data and awaited US inflation readings. [11]
- In earlier coverage tied to the jobs report, Reuters noted the US unemployment rate at 4.6% and highlighted how a softer dollar and shifting rate expectations can support non-yielding gold. [12]
In practical terms: gold tends to benefit when investors believe rates are likely to fall (or stay lower for longer), because the opportunity cost of holding bullion drops. When the dollar rises, it can create the opposite effect—pressuring dollar-priced commodities and prompting short-term profit-taking. [13]
Why gold prices in India are especially sensitive right now: rupee weakness
Even when global gold is steady, Indian prices can move sharply because the metal is imported—and priced globally in dollars.
- Upstox reported that the rupee breached the 91-per-dollar level and hit around 91.07 on Dec 16. [14]
- Reuters described the rupee sliding to a record low near 91.075 per dollar amid trade and capital flow pressures. [15]
- Moneycontrol, meanwhile, cited the rupee around 90.924 on Dec 17. [16]
A weaker rupee generally adds a local “currency premium” to gold and silver, often cushioning dips and amplifying rallies for Indian buyers and investors. [17]
What changed since yesterday: Tuesday’s pullback snapped a record rally
The backdrop to Wednesday’s firmness was Tuesday’s clear reset.
On Dec 16, multiple reports described profit-taking after a rapid run-up:
- Upstox said 24K (99.9%) gold in Delhi fell ₹1,700 to ₹1,35,900 per 10 grams, while silver slipped ₹1,000 to ₹1,98,500 per kg. [18]
- The same report noted overseas spot gold dropping about 0.65% to around $4,277.42. [19]
- Times of India also flagged softness in MCX gold on Dec 16, with February delivery down ₹341 to around ₹1,33,789 per 10 grams, and Comex February futures lower as well. [20]
In short: after a relentless sprint to new highs, the market paused—then resumed the tug-of-war between safe-haven demand and profit-taking. [21]
Silver is the headline move: MCX crosses ₹2.05 lakh/kg, global prices top $65
While gold moved in a tight (but jumpy) range, silver broke out again:
- MCX silver March futures hit a record around ₹2,05,665 per kg in early trade, according to multiple reports. [22]
- India Today noted silver trading around ₹2,04,445 per kg near 9:20 am, while gold was comparatively softer around ₹1,34,129—highlighting the divergence between the two metals. [23]
- Reuters added that silver crossed $65/oz as global markets processed macro headlines. [24]
The takeaway for investors watching precious metals as a basket: gold is still near record territory, but silver is currently driving the volatility—and the headlines. [25]
What to watch next: inflation data, central banks, and year-end positioning
The next catalysts are stacked, which is one reason intraday swings have been sharp:
- Reuters pointed to the market focus shifting to the next major US inflation release. [26]
- Economic Times and Livemint both highlighted sensitivity to central bank events and macro headlines—especially with policy decisions from major central banks (including BoE, ECB, and BOJ) on the radar. [27]
- Moneycontrol reported that market attention is firmly on key US indicators such as Non-Farm Payrolls and Core PCE for the next directional cue. [28]
Key levels analysts are tracking for gold (spot and MCX)
For readers following gold as an investment asset (rather than purely as jewellery), some analysts have published notable technical markers:
- Livemint cited levels including spot gold support near $4,300 / $4,274 and resistance near $4,355 / $4,400, alongside MCX levels with support near ₹1,33,600 / ₹1,32,800 and resistance near ₹1,35,000 / ₹1,35,500. [29]
- Moneycontrol also referenced a weekly trading band idea near $4,300–$4,380, via an Augmont Bullion view carried in its report. [30]
(These are market observations reported by outlets and analysts, not a guarantee of future prices.) [31]
If you’re buying gold today: 3 practical checks before you pay
With prices near historic highs, small details can materially change your final cost:
- Confirm purity and hallmarking: 24K is typically for bars/coins, while 22K (916) dominates jewellery; 18K is common for studded designs. [32]
- Separate gold rate from making charges: Especially in peak wedding/festive demand periods, making charges can swing your bill more than a ₹50–₹100 move in the per-gram rate. [33]
- Match the rate to the time of purchase: Intraday moves on MCX can be sharp; many jewellers update rates at set times, while others adjust more frequently during volatile sessions. [34]
The bottom line
On Dec 17, 2025, gold price today headlines can be summed up in one line: retail gold edged up, futures stayed near record highs, and silver exploded to new peaks.
For Indian buyers, the biggest story isn’t only the global spot price—it’s the combination of near-peak bullion prices plus rupee sensitivity, which keeps domestic rates elevated and prone to sudden swings around major US data and central bank decisions. [35]
References
1. indianexpress.com, 2. www.reuters.com, 3. indianexpress.com, 4. indianexpress.com, 5. indianexpress.com, 6. www.moneycontrol.com, 7. www.livemint.com, 8. www.livemint.com, 9. m.economictimes.com, 10. www.moneycontrol.com, 11. www.reuters.com, 12. www.reuters.com, 13. www.livemint.com, 14. upstox.com, 15. www.reuters.com, 16. www.moneycontrol.com, 17. m.economictimes.com, 18. upstox.com, 19. upstox.com, 20. timesofindia.indiatimes.com, 21. upstox.com, 22. www.livemint.com, 23. www.indiatoday.in, 24. www.reuters.com, 25. m.economictimes.com, 26. www.reuters.com, 27. m.economictimes.com, 28. www.moneycontrol.com, 29. www.livemint.com, 30. www.moneycontrol.com, 31. www.livemint.com, 32. indianexpress.com, 33. indianexpress.com, 34. www.moneycontrol.com, 35. www.reuters.com
