Gold Market Recap: Prices Gain on Fed Hopes, Silver Hits Record High on 17 December 2025
Gold prices largely gained for the fifth consecutive session, supported by US Fed rate cut optimism. Silver surged to a new record high, topping ₹2.06 lakh per kilo.
⚡ Key Highlights
- 1MCX gold continued its gains for the fifth consecutive session.
- 2Spot gold prices held strong near the $4,320 mark.
- 3Indian gold rates saw an increase of ₹650 for 24K and 22K.
- 4Silver prices surged to a new record high, topping ₹2.06 lakh.
- 5US Fed rate cut optimism and geopolitical risks supported bullion.
On December 17, 2025, the Indian gold market largely experienced positive momentum, with MCX gold extending its gains for the fifth consecutive session. The yellow metal held strong globally, while silver stole the spotlight by surging to a new all-time record high. This upward movement in precious metals was primarily driven by growing optimism surrounding potential US Federal Reserve rate cuts, alongside persistent geopolitical uncertainties fueling safe-haven demand.
For Indian investors and jewelry shoppers, this translated into higher prices across major cities like Delhi, Mumbai, Chennai, and Hyderabad. The price of 24-carat and 22-carat gold notably increased by ₹650 today. On the Multi Commodity Exchange (MCX), gold continued its bullish run, with futures contracts nearing record levels. Internationally, spot gold prices demonstrated resilience, consistently holding near the $4,320 mark and staying comfortably above $4