Gold Holds Firm Post-Fed Cut; Silver Sees Volatile Trade on 13 December 2025
Indian gold prices held steady today, influenced by global cues after a Fed rate cut. Silver saw mixed movements after hitting record highs.
⚡ Key Highlights
- 1Gold prices showed largely minimal movement across major Indian cities.
- 2Global gold held firm near $4,300 after a US Fed interest rate cut.
- 3MCX gold had recently touched a record high near ₹1.35 lakh.
- 4Silver prices remained highly volatile, trading around ₹2 lakh per kg.
- 5Regional variations noted, including drops for both metals in Bhubaneswar.
The Indian gold market presented a nuanced picture on Saturday, December 13, with prices generally holding firm across major metros, albeit with some regional variations. Globally, gold maintained its strong position near $4,300 an ounce, a direct reaction to the US Federal Reserve's recent interest rate cut, which traditionally bolsters the appeal of the yellow metal as a safe-haven asset. This sentiment has traders eyeing new record highs for gold on the international stage.
Domestically, while several cities like Delhi and Mumbai saw minimal price movement for 24K and 22K gold, some reports indicated a slight uptick, with prices rising by a modest ₹10 to ₹1,33,210 per 10 grams in certain markets. This follows a significant run-up where MCX gold had touched a near-record high of ₹1.35 lakh per 10 grams just the previous day, on December 12. However, the market wasn't uniform, as Bhubaneswar witnessed a notable decrease of ₹270 in gold prices today.
Silver continued its highly volatile journey, having recently crossed the monumental ₹2 lakh per kilogram mark in futures trade, driven by strong global cues. On December 13, silver prices in some markets, like those reflecting the ₹100 rise to ₹2,04,100 per kg, demonstrated this elevated trading range. Yet, mirroring gold's regional divergence, Bhubaneswar reported a sharp drop of ₹6000 in silver rates, highlighting the metal's susceptibility to localized demand and supply dynamics amidst its record-breaking rally.
For Indian investors and jewelry shoppers, the current market suggests a period of elevated prices influenced by global monetary policy. While the US Fed's rate cut provides underlying support for gold, driving international prices higher, domestic markets are showing both stability and regional corrections. Buyers should remain vigilant of these local fluctuations and track the evolving global economic landscape, particularly central bank actions, as they will continue to dictate the precious metals' trajectory. Long-term investors might view current levels as a new baseline, but short-term buyers should factor in the ongoing volatility.