New Delhi | December 16, 2025
Gold prices in India remained firm on Tuesday, supported by a sharply weaker rupee, sustained global uncertainty, and cautious investor sentiment amid mixed signals from equity markets.
According to market data, 24-carat gold was trading around ₹1,34,000 per 10 grams, while 22-carat gold hovered near ₹1,23,000 per 10 grams in major Indian cities. Prices may vary slightly depending on location, local taxes, and jeweller margins.
Rupee Weakness Supports Gold
The stability in gold prices comes as the Indian rupee hit a fresh record low near 90.82 against the US dollar, making imported commodities like gold costlier. A weaker currency typically boosts domestic gold prices even when global bullion rates remain range-bound.
Market participants say persistent foreign portfolio investor (FPI) outflows, trade uncertainty linked to stalled India-US negotiations, and a strong dollar have kept the rupee under pressure, indirectly supporting gold prices.
Global Cues and Safe-Haven Demand
Internationally, gold prices have found support as investors assess the outlook for US interest rates, inflation trends, and geopolitical risks. With global equity markets showing volatility and bond yields fluctuating, gold continues to attract safe-haven demand.
Analysts note that expectations of eventual monetary easing by major central banks in 2026 are also providing a medium-term cushion to bullion prices.
Equity Markets Add to Uncertainty
Indian equity benchmarks Sensex and Nifty 50 were trading lower in early sessions, reflecting cautious sentiment amid currency volatility and foreign fund selling. Historically, periods of stock market uncertainty tend to improve gold’s appeal as a portfolio hedge.
Outlook
Experts believe gold prices are likely to remain range-bound but firm in the near term, with movements driven largely by:
Rupee-dollar fluctuations
Developments in India-US trade talks
Global interest-rate signals
Geopolitical and macroeconomic risks
Any sharp recovery in the rupee or easing of global risk sentiment could cap further upside, while continued currency weakness may push domestic prices higher.
Gold Rates Snapshot (Approx.)
24K Gold: ~₹1,34,000 per 10g
22K Gold: ~₹1,23,000 per 10g
(Rates may vary by city and jeweller)
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