New Delhi: India’s gold price today remains parked at historically elevated levels as a global year-end surge in precious metals continues to ripple through domestic markets. After MCX gold crossed ₹1.39 lakh per 10 grams on Friday (December 26) and international prices hit fresh records, city-wise retail quotes for 24K, 22K and 18K gold on Saturday, December 27, 2025 show only minor day-to-day moves—while silver prices stay near record territory. [1]
The story behind these price tags is bigger than jewellery counters: analysts point to expectations of U.S. Federal Reserve easing, a weaker dollar, geopolitical tension, and strong investment flows as key catalysts—conditions that have supercharged both gold and silver into the final week of 2025. [2]
Gold rate today: 24K, 22K, 18K prices in major cities (Dec 27, 2025)
If you’re searching for “gold rate today” for weekend buying or investment planning, here are the widely reported benchmarks for December 27, 2025 in key cities:
- Delhi: 24K ₹14,018/g, 22K ₹12,851/g, 18K ₹10,518/g
- Mumbai: 24K ₹14,003/g, 22K ₹12,836/g, 18K ₹10,503/g
- Chennai: 24K ₹14,063/g, 22K ₹12,891/g, 18K ₹10,761/g
- Kolkata: 24K ₹14,003/g, 22K ₹12,836/g, 18K ₹10,503/g
- Bengaluru: 24K ₹14,003/g, 22K ₹12,836/g, 18K ₹10,503/g
- Hyderabad: 24K ₹14,003/g, 22K ₹12,836/g, 18K ₹10,503/g
- Jaipur: 24K ₹14,018/g, 22K ₹12,851/g, 18K ₹10,518/g [3]
Silver price today (India)
Silver continues to track the international bullion market closely. Reported all-India benchmarks for December 27 place silver at:
- ₹240.10 per gram
- ₹2,40,100 per kilogram [4]
Important note for buyers: Retail gold prices can differ by jeweller and location due to premium/discounts, logistics, and local market conditions—and your final bill can change meaningfully once making charges and taxes are included.
What happened on Dec 26: MCX gold above ₹1.39 lakh, silver futures hit fresh highs
Friday’s action set the tone for the weekend.
According to market reporting, gold futures for February delivery rose to a new lifetime high around ₹1,39,216 per 10 grams on MCX, while silver futures climbed to around ₹2,32,741 per kg. Overseas, spot precious metals also surged, reinforcing the “global cue” effect that often drives Indian prices. [5]
Internationally, Reuters reported silver breaking above the $77/oz level and gold reaching new all-time highs amid thin year-end liquidity—conditions that can exaggerate price swings. [6]
Bengaluru bullion snapshot: why another “gold price today” report may look higher
Alongside city-wise retail quotes, syndicated market feeds also published closing bullion rates for Bengaluru on December 26, showing:
- 22K gold:₹13,220 per gram
- 24K gold:₹14,420 per gram
- Silver:₹2,43,000 per kg [7]
At first glance, these figures can look out of sync with other city lists. That doesn’t always mean one source is “wrong”—often, it reflects differences in timestamp, market segment (wholesale bullion vs. retail quotes), and included premia. In periods like late December 2025—when prices are moving fast—those gaps tend to widen.
Why gold and silver are surging: what experts are pointing to now
1) Fed rate-cut expectations, dollar moves, and geopolitics
Reuters quoted Peter Grant, vice president and senior metals strategist at Zaner Metals, highlighting a mix of expected Fed easing, a weaker dollar, and heightened geopolitical tensions—a cocktail that tends to support non-yielding assets like gold and turbocharge volatility in thin holiday markets. [8]
2) Silver’s supply story and “critical mineral” demand narrative
Silver has its own momentum: Reuters noted record-breaking moves supported by supply deficits and strong investment interest, with silver also described in the context of critical minerals and industrial demand. [9]
3) A broader “multi-driver” gold market in 2025
The World Gold Council has described 2025’s rally as unusually broad-based—driven by a high-risk geopolitical/geoeconomic environment, U.S. dollar weakness, investment demand, and ongoing central bank buying (even if below the most extreme recent peaks). [10]
Why record prices can cool jewellery buying in India (even as headlines stay hot)
A classic feature of Indian bullion markets is that higher prices often suppress immediate retail demand, especially for jewellery.
Reuters reported that as prices climbed, gold discounts in India widened—a sign dealers needed to adjust pricing to attract buyers—and quoted market participants warning demand could remain muted unless prices correct. [11]
At the same time, another Reuters dispatch noted how record prices can shift festive and wedding-season behaviour: jewellery becomes more expensive once making charges are added, and some buyers tilt toward coins or bars instead. [12]
Central banks matter, too: RBI gold’s “valuation effect” and the $100 billion milestone
The rally isn’t only a retail and trader story.
Reuters reported in October that India’s gold reserves crossed $100 billion in value, supported by rising global prices even as the Reserve Bank of India’s pace of purchases slowed. The report also cited Kavita Chacko, research head for India at the World Gold Council, who pointed to how valuation gains from higher prices can significantly lift the gold share in reserves. [13]
This is one reason many analysts view the gold market as being supported by more than short-term speculation: official-sector holdings and portfolio shifts can create a sturdier base of demand over time.
What you’ll actually pay: making charges, GST, and why the bill is higher than the “gold rate today”
For jewellery buyers, the “gold price today” is only the starting point.
- Reuters has noted that manufacturing (making) charges can be a significant add-on for jewellery purchases (often framed as a percentage of the gold value). [14]
- In India, widely used tax explainers describe 3% GST on gold value and 5% GST on making charges for jewellery. [15]
- Import levies also matter for the domestic price build-up. Reuters has previously reported India lowered import duties on gold and silver to an effective 6% structure (as described at the time), affecting the landed cost dynamics. [16]
Because these components stack, two people buying the “same weight” of gold can end up with very different bills depending on design complexity, making-charge discounts, wastage policies, and invoice transparency.
Expert checklist before buying gold in 2025–26: hallmarking, HUID, and invoice basics
When prices are near record highs, small due-diligence steps can prevent expensive mistakes.
1) Know what “hallmarking” actually means
A BIS-published brief defines hallmarking as the accurate determination and official recording of the proportionate content of precious metal in jewellery/artefacts or bullion/coins. [17]
2) Look for HUID and proper marks
BIS has described the move to a six-digit alphanumeric code (HUID) and the hallmarking marks used for gold jewellery—designed to improve traceability and consumer protection. [18]
3) Do this at the counter
Use this quick buyer checklist:
- Ask for BIS hallmark/HUID and verify the purity mark (e.g., 22K916, 18K750). [19]
- Compare rates across more than one jeweller—especially if making-charge “discounts” are advertised (your net price is what matters).
- Insist on a clear invoice that separates metal value, making charges, taxes, and any stone/diamond components.
Mathrubhumi’s consumer guidance also emphasised hallmark checks, comparing jewellers, and getting proper documentation—practical steps that matter even more when volatility is high. [20]
What to watch next: signals that could move gold rates this week
With 2025 ending at record levels, these are the biggest near-term swing factors traders and investors are watching:
- U.S. rate-cut expectations and the dollar: Lower rates and a weaker dollar have historically supported gold, a relationship also discussed in World Gold Council analysis. [21]
- Geopolitical risk headlines: Often a direct driver of safe-haven demand. [22]
- Retail demand response in India: Discounts/premiums can hint at whether buyers are stepping back or re-entering. [23]
- Silver’s momentum: Silver’s outperformance and supply narrative can keep it volatile, especially in thin liquidity. [24]
Bottom line
For December 27, 2025, India’s 24K gold rate is broadly reported around ₹14,003–₹14,063 per gram across major metros, with silver near ₹2.40 lakh per kg—levels that reflect a global record run and intense year-end volatility. [25]
If you’re buying jewellery, treat the published “gold price today” as a benchmark—not the final cost—and prioritise hallmark verification, HUID traceability, and invoice clarity before you lock in a purchase at these historic highs. [26]
References
1. timesofindia.indiatimes.com, 2. www.reuters.com, 3. english.mathrubhumi.com, 4. english.mathrubhumi.com, 5. timesofindia.indiatimes.com, 6. www.reuters.com, 7. money.rediff.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.gold.org, 11. www.reuters.com, 12. www.reuters.com, 13. www.reuters.com, 14. www.reuters.com, 15. cleartax.in, 16. www.reuters.com, 17. www.bis.gov.in, 18. www.bis.gov.in, 19. www.bis.gov.in, 20. english.mathrubhumi.com, 21. www.gold.org, 22. www.reuters.com, 23. www.reuters.com, 24. www.reuters.com, 25. english.mathrubhumi.com, 26. www.bis.gov.in
