Gold Prices Dip from Record Highs: What Happened on 29 December 2025
Gold prices in India dipped significantly today from record highs, with MCX gold falling sharply. This retreat sparks debate on whether it's a buying opportunity for investors.
💰 India Gold Rate on 29 December 2025
| Purity | Per Gram | Per 10g | Change |
|---|---|---|---|
| 24K Gold | ₹13,924INR | ₹1,39,240 | ↓ ₹198 |
| 22K Gold | ₹12,764 | ₹1,27,640 | ↓ ₹181 |
| 18K Gold | ₹10,443 | ₹1,04,430 | — |
Source: GoldMeter.in • Historical data for reference only
⚡ Key Highlights
- 1MCX gold prices dipped significantly after touching record highs.
- 2Gold witnessed a sharp fall of ₹4,273 per 10g from its peak.
- 3Silver experienced a dramatic crash, dropping ₹21,000 in an hour.
- 4Market analysts are debating if this dip presents a buying opportunity.
- 5The rally was considered "overheated," prompting profit booking.
The Indian gold market witnessed a notable pullback today, December 29, 2025, as prices dipped significantly across exchanges after reaching unprecedented record highs. Both MCX gold and physical gold rates in Indian cities saw a retreat, with investors and jewelry shoppers closely watching the volatile movements as the year-end approaches. This dip follows a remarkable rally that has characterized the precious metal market in recent times.
Specifically, MCX gold futures traded 1.4% lower, experiencing a substantial drop of ₹4,273 per 10 grams from its day's high. Silver also saw an even more dramatic correction, falling over 3% and crashing by ₹21,000 in just an hour after hitting a lifetime high of ₹2.5 lakh per kilogram. This sharp decline in both gold and silver prices, with some commodities declining up to 13%, has been attributed to several key reasons, including the market being considered "overheated" and ripe for profit booking after its sustained rally. Many reports highlighted that intraday selling made sense near these record levels. Daily city-specific rates for 22K and 24K gold were also updated for major Indian cities, including Delhi, reflecting this downward trend.
Despite the sharp fall, some market experts are viewing this dip as a strategic buying opportunity. Several analyses pointed to "4 reasons why this dip is a buying opportunity," suggesting underlying factors that could support gold prices moving into the new year. However, the sentiment remains mixed, with some advising caution after the rapid ascent. The focus now shifts to what comes next for gold and silver as 2025 draws to a close and expectations build for 2026.
As we head into the New Year, the key question for both investors and jewelry shoppers is whether gold prices can continue their momentum or if further corrections are on the horizon. This current dip provides a moment for reflection and potential action for those looking to enter or exit the market. It is advisable for individuals to monitor global cues and expert opinions to make informed decisions regarding their gold investments and jewelry purchases in the coming weeks.