Gold Price Today: Slight Dip After Record High, Spot and Futures Update

Market Performance

Gold prices in India saw a marginal correction on Monday, December 15. In the domestic futures market on MCX, 24K gold opened at ₹1,34,600 per 10 grams, down 0.49% from the all-time high of ₹1,35,263 recorded on December 12.

On the spot market, gold traded just above $4,328 an ounce, slightly down 0.58% from the record $4,354 on December 12.

Gold Prices Across Purities

Gold rates differ by purity, reflecting the metal’s varied demand in the market:

24K Gold: ₹1,33,900 per 10 grams

22K Gold: ₹1,22,740 per 10 grams

18K Gold: ₹1,00,420 per 10 grams

City-wise Rates

Across India’s major cities, gold prices remained largely uniform, with minor differences due to local taxes, logistics, and jeweller margins.

Chennai: 24K ₹13,494 | 22K ₹12,369 | 18K ₹10,329

Mumbai: 24K ₹13,390 | 22K ₹12,274 | 18K ₹10,042

Delhi: 24K ₹13,406 | 22K ₹12,289 | 18K ₹10,057

Kolkata, Bangalore, Hyderabad, Kerala, Pune: Similar trends around ₹13,390 for 24K

Vadodara & Ahmedabad: Slightly higher at ₹13,396 for 24K

Main News: Why Gold Prices Are Rising

Despite the minor dip, gold continues to hold near record levels. In November 2025, gold sales fell 35% YoY, largely attributed to higher prices. Investors often turn to gold during periods of interest rate cuts, as cash returns or short-term bond yields become less attractive.

The global and domestic factors influencing the trend include:

International demand: Spot gold above $4,328 per ounce signals sustained investor interest.

U.S. monetary policy: The Federal Reserve’s dovish stance and lower rate reduction hints for 2026 support gold buying.

Macro events: Positive developments in Ukraine peace talks and short-term Treasury bill purchases are impacting bullion prices.

Summary of the Article

Gold remains a preferred safe-haven investment, even after a slight pullback from its record highs. Futures and spot markets indicate cautious activity, as investors recalibrate their positions following recent rallies. The consistent prices across major cities highlight steady domestic demand, while broader global economic trends continue to influence gold’s trajectory.