Gold Breaks Its Own Record Yet Again
On December 15, gold crossed the ₹1.33 lakh mark right at opening—leaving buyers stunned at jewellery counters across the country. Though it eased a bit later, the Gold Price All Time High held firm by close, while silver took a sharp tumble in contrast.
Mumbai: Walk into Zaveri Bazaar or any neighbourhood jeweller today, and the first question on everyone’s lips was the same—how much higher can it go? According to the India Bullion and Jewellers Association (IBJA), the Gold Price All Time High was touched once more on Monday, December 15. Pure 24K gold (999 purity) opened at ₹1,33,442 per 10 grams—a fresh peak in itself. After some mid-day cooling, it closed ₹539 higher at ₹1,33,249, up from Friday’s ₹1,32,710. 5 “Zaveri Bazaar in Mumbai: Customers checking rates amid record highs—shine intact despite the surge” “LARGE” 6 “Busy scenes at a traditional gold jewellery shop as buyers weigh options” “LARGE”
A veteran shop owner in the bustling lanes told me over a cup of cutting chai, “Wedding season is on, but rates this high make people think twice. Still, investors aren’t holding back—they see it as a safe bet.” 0 “Stacks of gleaming gold bars symbolising the fresh all-time high” “LARGE” 1 “Gold ingots catching the light as prices hit new peaks” “LARGE” 2 “Opulent gold and silver display amid surging precious metal prices” “LARGE”
What’s Driving the Gold Price All Time High
Talking to market watchers, the picture clears up—this rally didn’t come out of nowhere. Globally, a softer dollar, inflation worries and geopolitical tensions have pushed gold as the go-to safe haven. Central banks continue heavy buying, adding fuel. At home, peak wedding season demand and festivals have poured oil on the fire. MCX futures are hovering near record levels too, mirroring the spot surge. 9 “Key factors influencing gold prices: From global economy to demand drivers” “LARGE” 3 “Gold price chart showing the climb to new records in late 2025” “LARGE” 4 “Historical gold price trend hitting fresh highs” “LARGE”
Silver Takes the Opposite Path
While gold shone brighter, silver lost ground heavily. Per IBJA rates, 999 purity silver plunged ₹1,763 to close at ₹1,93,417 per kg, down from ₹1,95,180 the previous day. Jewellers point to softer industrial demand and profit-taking as the culprits. Even so, it remains in elevated territory compared to recent months. 7 “Silver bars after a sharp drop, yet holding high levels overall” “LARGE” 8 “Silver ingots reflecting the white metal’s price correction” “LARGE”
Rates stayed largely uniform across major cities like Delhi, Mumbai, Chennai and Kolkata, with minor variations from local taxes and making charges. 22K gold hovered around the ₹1.22 lakh mark for 10 grams.
Wedding shoppers are now waiting for any dip to strike, while long-term investors wonder—is this the peak, or more upside ahead?
Disclaimer: This article is for informational purposes only. Gold and silver prices fluctuate based on market conditions. Always verify with your trusted jeweller or financial advisor before any purchase or sale.