On December 24, 2025, gold and silver prices reached new historic highs, marking another milestone in the precious metals market. Both metals are now trading at record levels, causing a stir in the bullion markets. The price of silver surged to ₹225,522 per kilogram, including GST, while the rate of 24-carat gold rose to ₹140,734 per 10 grams, also including GST. These prices represent an all-time high for both metals, with silver and gold prices continuing their upward trajectory.
Gold and Silver Prices Soar Amid Market Uncertainty
Despite the traditionally slow business season during the Kharmaas period, which is considered an inauspicious time for starting new ventures, the prices of gold and silver have been soaring. Today, silver prices saw a massive jump of ₹7,954 per kilogram, opening at ₹218,954 per kilogram. Meanwhile, gold prices also witnessed an increase, rising by ₹352 per 10 grams. The GST-inclusive price of silver now stands at ₹225,522 per kilogram, while the price of 24-carat gold has reached ₹140,734 per 10 grams, inclusive of GST.
On the previous day, silver closed without GST at ₹211,000 per kilogram, and gold closed at ₹136,283 per 10 grams. However, today, the price of gold opened at ₹136,635 per 10 grams, marking an all-time high without GST. Similarly, silver opened at ₹218,954 per kilogram, also at a record high. This year, gold has surged by ₹60,895, and silver has risen by ₹132,937, indicating a strong bullish trend in the precious metals market.
These prices are based on the data released by the Indian Bullion and Jewellers Association (IBJA), which publishes prices twice a day. The first update is released around noon, while the second comes around 5 PM.
Factors Behind the Surge in Gold and Silver Prices
Experts believe that the current price surge in gold and silver is partly due to changing expectations regarding interest rates in the United States. The market speculates that the U.S. Federal Reserve may cut interest rates twice in 2026. Additionally, U.S. President Donald Trump has also advocated for a more accommodative monetary policy, which could further support the rise in precious metal prices.
The price of gold is also being influenced by broader economic conditions, including inflation concerns and global uncertainties. As investors seek safe-haven assets amid fluctuating stock markets and economic instability, gold and silver are being seen as reliable stores of value.
Gold Prices by Carat
Today, gold prices for different carat levels also experienced significant increases. The price of 23-carat gold rose by ₹351, opening at ₹136,088 per 10 grams. With GST, its price is now ₹140,170 per 10 grams.
Meanwhile, the price of 22-carat gold increased by ₹323, reaching ₹125,158 per 10 grams. With GST, the price of 22-carat gold is ₹128,912 per 10 grams.
For 18-carat gold, there was a rise of ₹264, bringing its price to ₹102,467 per 10 grams. Including GST, the price of 18-carat gold is now ₹105,550 per 10 grams.
Similarly, 14-carat gold also saw an increase of ₹205, opening at ₹79,931 per 10 grams. With GST included, the price of 14-carat gold stands at ₹82,328 per 10 grams.
The surge in gold and silver prices on December 24, 2025, has created a significant shift in the precious metals market. With both metals hitting new all-time highs, it is evident that economic factors, including interest rate expectations and inflationary pressures, are driving demand for gold and silver. For investors, this period marks a critical moment to assess the impact of these rising prices on their portfolios.
As we approach the new year, the outlook for gold and silver prices remains strong, with many experts predicting further increases. However, it is crucial for investors and consumers to stay informed about market trends and the underlying factors driving these price shifts. Whether for investment or personal use, the soaring prices of gold and silver are undoubtedly shaping the landscape of the precious metals market in 2025.
