Gold Market Recap: Prices Shatter Records on 22 December 2025 Amid Global Surge

Indian gold and silver markets witnessed an extraordinary day on Monday, December 22, 2025, as both precious metals surged to unprecedented record highs. The robust rally reflects a significant shift in investor sentiment, pushing prices to levels never seen before on the Multi Commodity Exchange (MCX) and in spot markets across the nation. This remarkable upward trend has been influenced by a powerful global rally, making it a pivotal day for both investors and jewelry shoppers.

On the domestic front, MCX gold futures breached the significant ₹1.36 lakh per 10-gram mark for the first time, experiencing a remarkable jump of over ₹2,200 in a single session. Similarly, silver mirrored gold's stellar performance, hitting a new record high of ₹2,13,844 per kilogram, with some reports indicating it topped ₹2.14 lakh. This domestic surge was in lockstep with a powerful global rally, where spot gold prices broke past the $4,400 barrier, with New York futures also seeing substantial gains. The consistent demand for safe-haven assets, coupled with growing expectations of future interest rate cuts by the US Federal Reserve, were identified as primary catalysts behind this monumental ascent. Reports highlighted that silver, in particular, demonstrated significant leverage compared to gold, outperforming it in this rally.

The underlying sentiment driving these record prices is a strong global hunt for safety amidst various economic uncertainties. Investors are increasingly turning to precious metals as a reliable store of value, reinforcing their traditional role during volatile periods. The anticipation of the Federal Reserve easing its monetary policy, through potential rate cuts, further bolstered gold's appeal, making non-yielding assets more attractive. This confluence of global cues and strong investor confidence propelled both gold and silver to their new pinnacles. Jewelry shoppers in cities like Delhi, Mumbai, Chennai, and Kolkata also saw an increase in 18K, 22K, and 24K gold rates, with major retailers like Kalyan Jewellers, Tanishq, Malabar Gold, and Joyalukkas reflecting the updated market prices.

For Indian investors and jewelry shoppers, today's record-breaking performance underscores gold's enduring strength and its potential as a wealth creation opportunity. While short-term corrections are always possible, the broader market sentiment suggests continued bullishness, with some long-term forecasts even eyeing gold prices reaching $10,000 globally. Those looking to invest should consider the current momentum and the factors driving it, while jewelry buyers should note the consistent upward trend. Monitoring global developments and central bank policies will be crucial for understanding the precious metals' trajectory in the coming days.