Gold Prices Stable Near Record Highs as Fed Minutes Awaited on Dec 28, 2025

Gold prices across India remained largely stable on December 28, 2025, maintaining their position near record high levels. The yellow metal saw steady rates in major cities like Delhi, Mumbai, Chennai, Hyderabad, Vijayawada, and Visakhapatnam, offering a consistent picture for both investors and jewelry shoppers. This stability was observed across various purities, including 24-carat, 22-carat, and 18-carat gold, reflecting a cautious yet firm market sentiment as the year draws to a close. Silver prices also mirrored this trend, holding constant alongside gold.

A significant factor contributing to the day's stable gold performance was the thin year-end market liquidity, which often leads to reduced volatility. Globally, the bullion market is keenly awaiting the release of the US Federal Reserve's latest meeting minutes. These minutes are crucial as they will offer insights into the Fed's future monetary policy, particularly regarding interest rates. Any hawkish signals could strengthen the US Dollar, potentially exerting downward pressure on gold, while dovish indications could propel the precious metal higher. For now, the market is positioned for continued firmness, though analysts suggest the pace of future gains might cool after this period of anticipation.

Adding to the day's notable developments, investors in the Sovereign Gold Bond (SGB) scheme celebrated substantial returns as the final redemption date arrived. Reports indicated that an investment of ₹1 lakh in these gold bonds had soared to an impressive ₹4.82 lakh, underscoring the long-term benefits of investing in digital gold instruments in India. On the geopolitical front, the growing influence of BRICS nations, now controlling 50% of global gold reserves, is sparking discussions about its potential implications for the US Dollar's dominance and gold's role as a global hedge.

Looking ahead, gold's outlook remains firm, supported by geopolitical factors and ongoing economic uncertainties. However, the immediate direction will largely hinge on the cues from the upcoming US Federal Reserve minutes. Indian investors and jewelry shoppers should continue to monitor global economic indicators and central bank policies closely. While the current stability near record highs provides a good entry point for some, future movements will depend on how global financial dynamics unfold, particularly the US interest rate trajectory and the evolving role of gold in international finance.