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On December 1, gold and silver prices witnessed significant gains in domestic and MCX markets. 24-carat gold rose to ₹13,048 per gram, 22-carat to ₹11,960, and 18-carat to ₹9,786, while silver jumped to ₹1,88,000 per kg.
Gold & Silver Prices Surge: 1 Dec 2025 Market Update
New Delhi: Gold and silver prices in the country recorded a sharp rise on December 1. Investors and traders showed strong interest in both the domestic bullion and futures markets. Expectations of interest rate cuts by the US Federal Reserve and RBI created a positive sentiment in the market.
The price of 24-carat gold in the domestic bullion market reached ₹13,048 per gram, up ₹66 from Sunday's ₹12,982. 22-carat gold is trading at ₹11,960 per gram, and 18-carat gold at ₹9,786 per gram.
The price of 24-carat gold per 10 grams is ₹1,30,480, 22-carat at ₹1,19,600, and 18-carat at ₹97,860. Gold prices saw a steady rise last week, rising by ₹4,000 on Tuesday, ₹2,000 on Wednesday, ₹4,000 on Thursday, ₹3,000 on Friday, and ₹9,000 on Saturday.
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Silver prices in the bullion market reached ₹1,88,000 per kilogram, up ₹3,000 from Sunday's ₹1,85,000. Silver has seen a total rise of ₹25,000 per kilogram over the past six days. In the MCX futures market, silver for the December 5 contract was also trading at an intraday high of ₹1,75,502 per kilogram.
Gold prices in major cities across the country are as follows:
Delhi: 24 carat ₹13,063, 22 carat ₹11,975, 18 carat ₹9,801 per gram.
Chennai: 24 carat ₹13,167, 22 carat ₹12,070, 18 carat ₹10,065 per gram.
Mumbai, Kolkata, Bangalore, Pune, Hyderabad, and Kerala: 24 carat ₹13,048, 22 carat ₹11,960, 18 carat ₹9,786 per gram.
On Monday (December 1), the MCX Gold December 5 futures contract reached an intraday high of around ₹1,27,980 per 10 grams, while the Silver December 5 futures contract was trading at ₹1,75,502 per kilogram. During the session, gold hit an intraday low of ₹1,27,274 and silver hit an intraday low of ₹1,73,211. On Friday, gold closed at ₹1,26,883 and silver at ₹1,71,637.
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The RBI's Monetary Policy Committee will decide on benchmark interest rates on December 3, 4, and 5. The US Federal Reserve's FOMC will decide on the federal funds rate on December 9-10. The possibility of an interest rate cut and increased investor demand have strengthened the gold and silver markets.
The rise in gold and silver prices is a positive sign for investors. This market strength makes investments attractive amid economic uncertainty and changing global rates. The rally seen in both major cities and the MCX has boosted investor confidence.
