Gold Market Recap: Prices Hover Near All-Time Highs Despite Daily Dip on 18 December 2025

Gold prices in India witnessed a marginal pullback on December 18, 2025, with MCX Gold trading lower for the day. Despite this slight daily dip, the precious metal continued to hover remarkably close to its all-time high levels, keeping both investors and jewelry shoppers keenly interested. This minor correction followed a strong rally, prompting some profit-taking activity across the market after a period of significant gains.

Reports indicated that spot gold rates declined by approximately 0.04% internationally, while in India, gold was down around 0.22% across major cities like Mumbai, Delhi, and Chennai. Despite this, the price of gold remained robust, hovering near the impressive ₹1.35 lakh mark per 10 grams for 24-carat gold. Futures prices on the MCX also saw a slip, reflecting the day's cautious sentiment. Silver, often moving in tandem with gold, also experienced a pullback, retreating from its recent record highs, though it remained a significant player near the ₹2 lakh per kg level on MCX.

The underlying bullish sentiment for gold, which has propelled it to these elevated levels, largely stems from expectations of a softer monetary policy by the US Federal Reserve. Recent indications of easing US inflation have fueled predictions of potential Fed rate cuts in 2026, which typically makes non-yielding assets like gold more attractive. While today's market saw some profit-taking and global cues leading to a slight dip, the persistent safe-haven demand for gold continues to provide strong support, preventing any significant downturn.

For Indian investors and jewelry buyers, today's marginal dip presents an interesting dilemma. While some analysts suggest this could be an opportunity to 'buy the dip' given the long-term outlook for gold, others advise caution. The question of whether gold and silver are set to touch new highs in the near future remains a key discussion point, with many experts forecasting continued strength. As always, it's prudent for consumers to check the latest 24K, 22K, and 18K gold prices across their respective cities like Bengaluru, Hyderabad, and Kolkata before making any purchasing decisions, staying mindful of both global trends and domestic factors.