India Gold Price Today: Bullion Rallies to New Heights on Global Cues

Gold prices in India continued their upward trajectory on Tuesday, December 23, 2025, as global uncertainty and dovish central bank signals pushed the precious metal toward historic territory. According to data compiled by FXStreet, domestic gold rates rose in early trade, mirroring a "perfect storm" of bullish factors in the international market.

As the year draws to a close, gold has solidified its position as the top-performing asset of 2025, supported by a weakening U.S. Dollar and persistent geopolitical tensions.

Today's Gold Rates in India

The domestic market saw significant gains across all major carats. Below are the average retail prices for gold in India:

MCX Gold Performance

On the Multi Commodity Exchange (MCX), gold futures for February delivery surged to approximately ₹1,36,738 per 10 grams, marking an intraday gain of roughly 0.23%. The broader trend for December remains "Strongly Bullish," with the metal reaching its highest monthly peak today.

Why are Gold Prices Rising Today?

According to FXStreet and market analysts, several key drivers are fueling this Tuesday rally:

• Geopolitical Escalation: Renewed tensions between the U.S. and Venezuela have triggered a flight to safety, with spot gold breaking above the $4,400/oz mark.
• Fed Rate Cut Bets: Easing inflation and a cooling U.S. labor market have reinforced expectations of a Federal Reserve rate cut, lowering the opportunity cost of holding gold.
• Weakening Rupee: The Indian Rupee's struggle against the USD makes dollar-denominated gold more expensive to import.
• Central Bank Accumulation: Aggressive buying from the RBI and other emerging market central banks continues to provide a structural floor for prices.

Gold Prices in Major Indian Cities

Prices vary slightly across cities due to local taxes (GST) and duties:

• Chennai: ₹13,931 (24K/1g)
• Mumbai: ₹13,855 (24K/1g)
• Delhi: ₹13,870 (24K/1g)
• Bengaluru: ₹13,855 (24K/1g)

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