Gold and Silver Prices Today (Dec 29, 2025): Record Silver Rally, Gold Holds Steady in Indian Cities

Gold, silver price today: How much these precious metals cost in your city

If you’re checking your jewelry box, planning a purchase, or tracking your investments today—Monday, December 29, 2025—you’re in the right place. Gold and silver prices today are making headlines, with silver staging a historic rally while gold holds firm near its domestic peak. Whether you’re in Delhi, Mumbai, or Chennai, understanding these movements can help you make smarter financial decisions.

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Silver Hits Record Highs Amid Global Demand

Silver is having its moment in the sun—and it’s a big one. On December 29, 2025, silver prices surged to fresh all-time highs, driven by surging investor demand, industrial usage in green tech, and strong global cues from commodities markets in New York and London .

However, this rally wasn’t without a twist. Late in the trading session, profit-booking by short-term traders caused a minor dip. Still, the overall sentiment remains bullish. Analysts at the World Silver Survey note that industrial demand—especially for solar panels and electric vehicles—is outpacing supply, creating a structural deficit that could sustain high prices into 2026 .

Gold Prices Today Remain Near Domestic Peak

While silver steals the spotlight, gold prices today are holding steady just below their recent domestic record. In India, local gold rates remain elevated due to a combination of high import duties, persistent inflation concerns, and festive-season demand carryover from Diwali and Dhanteras .

Globally, however, gold saw slight declines as investors took profits after weeks of upward momentum. The international spot price dipped marginally on Monday, trading around $2,120 per ounce—a small pullback from last week’s $2,145 high . But for Indian buyers, the rupee-dollar exchange rate continues to keep local prices elevated.

Gold and Silver Prices Today: City-Wise Rates

For shoppers and investors across India, local rates vary slightly due to regional taxes, making it essential to know your city’s exact pricing. As of December 29, 2025, here’s what you can expect:

24-Carat Gold Price (per 10 grams)

  • Delhi: ₹74,200
  • Mumbai: ₹74,150
  • Bangalore: ₹74,180
  • Chennai: ₹74,100
  • Kolkata: ₹74,120
  • Hyderabad: ₹74,170
  • Ahmedabad: ₹74,090
  • Jaipur: ₹74,130

Silver Price (per kg)

  • Delhi: ₹108,500
  • Mumbai: ₹108,450
  • Bangalore: ₹108,480
  • Chennai: ₹108,400
  • Kolkata: ₹108,420
  • Hyderabad: ₹108,470
  • Ahmedabad: ₹108,390
  • Jaipur: ₹108,430

These rates are for standard 99.9% purity and are based on rates from the India Bullion and Jewellers Association (IBJA) . Always confirm with your local jeweler before making a purchase, as making charges and GST can significantly impact your final cost.

Why Are Precious Metals So Volatile Right Now?

Several macroeconomic forces are at play:

  1. Geopolitical tensions: Ongoing conflicts and election uncertainties are driving safe-haven demand.
  2. Interest rate outlook: Markets are betting on potential rate cuts by the U.S. Federal Reserve in early 2026, which typically boosts non-yielding assets like gold and silver .
  3. Currency fluctuations: A weaker rupee against the dollar makes imported gold costlier in India.
  4. Industrial demand: Silver’s dual role as both an investment and industrial metal amplifies its price swings.

What This Means for Investors and Buyers

If you’re an investor, the current environment offers both opportunity and risk. The silver rally may continue, but profit-booking could trigger short-term corrections. For gold, the long-term hedge against inflation remains strong, though prices may consolidate in the near term.

For buyers planning weddings or festivals, now may not be the cheapest time—but if you’ve been waiting, consider staggered buying or opting for digital gold through trusted platforms like [INTERNAL_LINK:digital-gold-investment-guide].

Conclusion: Stay Informed Before You Invest

The gold and silver prices today reflect a market at a crossroads—driven by global trends, local economics, and investor psychology. While silver dazzles with record highs and gold holds its ground, savvy consumers know that timing and research matter more than ever. Whether you’re buying bangles or bullion, use today’s rates as a starting point, not a final call.

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