The gold market in India is ending the year on a volatile note. On Tuesday, December 30, 2025, gold prices across major Indian cities experienced a sharp correction, retreating from the record highs seen just days ago.1 Following a year of unprecedented growth, the “yellow metal” is seeing a wave of profit-booking as investors look to consolidate their gains before the new year begins.
1. Today’s Gold Rates in India (December 30, 2025)
After peaking at over ₹1.42 lakh per 10 grams last week, prices have softened significantly today.3 Below are the average retail prices (excluding GST and making charges):
| Category | Price per Gram | Price per 10 Grams | Daily Change |
| 24K Gold (99.9% Pure) | ₹13,620 | ₹1,36,200 | ↓ ₹3,050 |
| 22K Gold (91.6% Pure) | ₹12,485 | ₹1,24,850 | ↓ ₹2,800 |
| 18K Gold (75% Pure) | ₹10,193 | ₹1,01,930 | ↓ ₹2,510 |
2. City-Wise Gold Rates
While the downward trend is national, local taxes and logistics cause slight variations in pricing across major hubs:4
- Chennai: ₹1,37,460 (24K) | ₹1,26,000 (22K)
- Mumbai: ₹1,36,200 (24K) | ₹1,24,850 (22K)
- Delhi: ₹1,36,350 (24K) | ₹1,25,000 (22K)
- Bangalore: ₹1,36,200 (24K) | ₹1,24,850 (22K)5
- Kolkata: ₹1,36,200 (24K) | ₹1,24,850 (22K)6
3. Why are Prices Falling Today?
The sudden drop of over ₹3,000 in a single day is primarily driven by three factors:
- Profit-Taking: After gold delivered a staggering 74.5% return in 2025, institutional and retail investors are selling off portions of their holdings to lock in year-end profits.7
- US-Ukraine Peace Progress: News of a “90% agreement” in the Trump-Zelenskyy peace talks has reduced the “safe-haven” demand that typically drives gold prices higher during times of war.
- Global Sell-off: Gold on the international COMEX exchange saw its largest intraday drop since October, falling nearly 4% on Monday, which has directly impacted Indian domestic rates.8
4. 2025: A Year for the Record Books
Despite today’s correction, 2025 will be remembered as the strongest year for gold in over four decades.9
- Annual Gain: Gold rose from approximately ₹75,000 in December 2024 to its current levels, outperforming the Nifty 50, which returned roughly 10% in the same period.10
- Silver Outperformance: While gold shone brightly, silver was the true standout of 2025, delivering a massive 138% return and reaching ₹2.60 lakh per kg earlier this week.11
5. Outlook for 2026
Market experts from the India Bullion & Jewellers Association (IBJA) suggest that while volatility may persist in the first week of January, the long-term outlook remains positive. Factors such as continued central bank buying and potential interest rate cuts in the U.S. are expected to support prices around the ₹1.35 lakh – ₹1.40 lakh range in early 2026.
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