Gold Prices Hit Record High in India Amid Global Rally | Kashmir Life

SRINAGAR: Gold prices in India have surged to a record high of Rs 1,38,200 per 10 grams for 24-carat gold on 22 December 2025, driven by global bullish trends and festive-season demand. ClearTax reported the peak in major cities like Delhi and Mumbai, with 22-carat gold touching Rs 1,22,363 per 10 grams amid a Rs 1,090 daily rise. GoodReturns confirmed similar levels at Rs 1,34,170 per 10 grams for 24-carat earlier in the day, reflecting volatility from international spot rates nearing 4,460 dollars per ounce.

​The rally stems from geopolitical tensions, US Federal Reserve rate signals, and rupee depreciation, pushing domestic prices up 10 per cent monthly, per GoldInForma trends. Investors flocked to gold as a haven amid equity dips, with jewellers noting panic buying ahead of year-end weddings. Perplexity Finance quoted gold futures at 4,459.8 dollars, up 1.65 per cent, amplifying local gains.

Delhi saw 24-carat at Rs 1,38,179 per 10 grams on December 15, climbing further, while Mon rates held at Rs 1,34,950 per 10 grams per Candere. ClearTax tracked a Rs 2,873 weekly uptick from Rs 1,33,442, excluding GST and TCS.