Gold Prices Continue to Rise on December 26 in the Domestic Market. Gold reached new highs in major cities including Delhi and Mumbai, supported by strength in international markets and demand for safe investment.
Gold-Silver Price Today: Gold prices continue to rise steadily in the country. Gold prices were recorded higher on December 26 as well. Gold maintains its shine in both the domestic and international markets. Investors and general buyers alike are keeping a close watch on gold rates, as gold has delivered b returns in the past year and is expected to continue to strengthen in the future.
Latest Gold Prices in Delhi and Mumbai
In the capital city of Delhi, the price of 24-carat gold increased to ₹1,39,410 per 10 grams on the morning of December 26. The price of 22-carat gold was recorded at ₹1,27,810 per 10 grams.
Gold prices in Mumbai also remained at elevated levels. Here, the price of 24-carat gold is ₹1,39,260 per 10 grams, while 22-carat gold is selling at ₹1,27,660 per 10 grams. Similar price levels are prevailing in other major metropolitan cities such as Chennai and Kolkata, alongside Mumbai.
Gold Rates in Other Major Cities
There was no significant difference in gold prices in cities like Pune and Bengaluru. Here, the price of 24-carat gold is ₹1,39,260 per 10 grams and the price of 22-carat gold is ₹1,27,660 per 10 grams.
In Ahmedabad and Bhopal, the price of 24-carat gold is around ₹1,39,310 per 10 grams, while 22-carat gold is available for approximately ₹1,27,710 per 10 grams. In cities like Jaipur, Lucknow, and Chandigarh, the price of 24-carat gold is at ₹1,39,410 per 10 grams and the price of 22-carat gold is at ₹1,27,810 per 10 grams.
Gold's Performance in the International Market
Gold prices also remain b in the international market. The global market spot price of gold is $4,525.96 per ounce. So far this year, gold has strengthened by approximately 73.7 percent, making it one of the best assets for investment. Investors are consistently turning to gold due to global uncertainties, inflationary pressures, and geopolitical tensions.
Goldman Sachs' Major Prediction
Major investment bank Goldman Sachs has made a significant prediction regarding gold. The bank states that the price of gold could reach $4,900 per ounce by December next year. The main reason behind this is the continuous purchase of gold by several central banks around the world.
Analysts believe that as long as uncertainty remains in the global economy and there is ambiguity regarding interest rates, the demand for gold will remain b. This is why a continued rise in gold prices is expected next year as well.
Why Gold is Important for Investors
Gold has always been considered a safe haven investment. When volatility increases in the stock market or a situation of tension arises globally, investors prioritize investing in gold. The same trend is being observed currently.
Gold has delivered excellent returns this year, benefiting long-term investors. This is why even small investors are now attracted to Gold ETFs, digital gold, and physical gold.
Sharp Increase in Silver Prices Too
Along with gold, silver prices have also been rising. On December 26, the price of silver increased to ₹2,34,100 per kilogram. Previously, on December 25, silver reached ₹2,21,000 per kilogram with a gain of ₹1,000 in the Indore Sarafa market.
The spot price of silver in the international market was recorded at $72.70 per ounce. So far this year, silver prices have risen by approximately 151 percent in foreign markets, while silver has strengthened by about 153 percent in the domestic market.
