Gold Rates In India Sees Spellbinding Record Rally; Silver Crosses Rs 2.5 Lakh; 24K, 22K, 18K Gold Outlook

Gold rates in India have touched back-to-back fresh all-time highs for the sixth consecutive day, and December 27th is no different. The 10-gram gold price has crossed Rs 141,000 mark in 24 carat, while the rate is nearing the Rs 130,000 level in 22 carat. Overall, in December, gold prices are up by more than 7%. Meanwhile, silver witnessed even greater upside, with the 1 kg rate crossing Rs 2.5 lakh mark. The bullish trend in these two precious metals continues to be intact!

Gold Rates In India:

Gold rates in India touched a new all-time high of Rs 1,41,220 per 10 grams in 24 carat on December 27, recording an upside of Rs 1,200 from previous day. The same 10 grams price soared by Rs 1,100 to Rs 1,29,450 in 22 carat and climbed by Rs 900 to Rs 1,05,920 in 18 carat.

Meanwhile, 100 grams gold price jumped massively by Rs 12,000 to Rs 14,12,200 in 24 carat, rose by Rs 11,000 to Rs 12,94,500 in 22 carat and was higher by Rs 9,000 to Rs 10,59,200 in 18 carat.

Gold Prices In India Performance In Past 10 Days:

Apart from Rs 12,000 surge in 100 grams of 24 carat on December 27, the same gold was up by Rs 7,700 on December 26, higher by Rs 3,200 and Rs 3,800 on December 25th and December 24th respectively. This gold reported a huge climb of Rs 24,000 on December 23rd after rising by Rs 19,700 on December 22nd. Hence, gold prices have been on the surge for six consecutive days.

Gold prices were unchanged on December 21st and 20th. But in the past 10 days, the only time gold dropped was on December 19th to the tune of Rs 6,600 in 100 grams. Prior to this, gold was up by Rs 3,300 on December 18th.

Silver Rates In India:

On Saturday, silver rates continued to outshine gold. 1Kg gold price surged by Rs 11,000 to Rs 2,51,000, while 100 grams and 10 grams silver jumped by Rs 1,100 and Rs 110 to Rs 25,100 and Rs 2,510 respectively.

Silver beats gold in December with an upside of nearly 28% in the month so far.

MCX Gold Price + MCX Silver Price

MCX gold price with February 2026 expiry, closed at Rs 1,39,940 per 10 grams on Friday, higher by Rs 67 or 0.05%. This comes after the bullion hit a new all-time high of Rs 1,40,465 per 10 grams during the session.

Additionally, MCX silver price soared by Rs 1,334 or 0.55% to end at Rs 2,41,696 per 1Kg on December 26th, after touching a new peak of Rs 2,42,500.

Gold & Silver Prices Outlook Next Week:

According to Ponmudi R, CEO of Enrich Money, here's how gold and silver prices could perform in India and globally next week.

Gold Price Outlook:

MCX Gold futures closed firmly at Rs1,39,940 per 10 grams, extending the record rally as safe-haven demand and sustained investment flows remained strong. Price action continues to respect the rising channel, with every dip attracting fresh buying interest, underscoring the strength of the underlying trend. Strong support is placed in the Rs1,37,000-Rs1,35,000 zone, which is expected to cushion any near-term correction. A decisive move above Rs1,40,000 could open the door for a fresh leg higher toward Rs1,42,000-Rs1,45,000, aided by supportive rupee dynamics and persistent global uncertainty. The structural bull market in gold remains firmly intact.

Silver Price Outlook:

MCX Silver extended its sharp advance to Rs2,40,935 per kg, registering a steep rise of nearly Rs30,000 over the past week and scaling fresh lifetime highs in line with global cues and supply constraints. The broader rising channel continues to support the move, reinforcing the strength of the trend. Immediate support is placed at Rs2,23,000-Rs2,20,000, which is likely to attract buying interest on any correction. A sustained hold above Rs2,40,000 could accelerate the rally toward Rs2,50,000-Rs2,60,000 in the coming months. Strong fundamentals, including rising industrial demand combined with persistent supply deficits, continue to favour a buy-on-dips approach into 2026.

Spot Gold Price Outlook:

COMEX gold surged to fresh record highs near $4,584 per ounce before settling at $4,562, consolidating comfortably above the critical $4,500 mark amid strong underlying momentum. Investor sentiment remains firmly constructive, with the breakout structure well supported by continued central bank accumulation, heightened demand for hedging against geopolitical risks and global macro uncertainty, and growing expectations of easier monetary conditions ahead. The $4,500-$4,400 zone now serves as a robust support base, and as long as prices hold above this band, the broader trend remains decisively bullish. A sustained move above $4,600 could open the door for an extension toward $4,800-$5,000 into 2026, reinforcing gold's role as a core portfolio hedge in an uncertain global environment.

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