The precious metals market has witnessed a historic ascent in 2025, with both gold and silver delivering multibagger-like returns to investors. As of early December 2025, gold has soared by approximately 60%, while silver has seen an even more blistering ascent, jumping nearly 100% year-to-date. This extraordinary rally is reshaping portfolio strategies globally and across India.
🛡️ The Verified Debrief: Why Prices Are Skyrocketing
VERIFIED.
Core Factors: The surge is driven by a potent mix of geopolitical tensions, economic uncertainty, and favorable monetary policy indicators.
- Central Bank Buying: Massive central bank purchases, particularly from India, China, and Russia, have reached record levels, providing a high price floor.
- Monetary Easing: Hopes for continued U.S. Federal Reserve rate cuts have bolstered non-yielding assets.
- Currency Depreciation: In India, the weakening of the rupee (INR) against the U.S. dollar has kept domestic bullion rates elevated.
- Industrial Demand: Specifically for silver, growing industrial applications in renewable energy technologies have intensified a global supply squeeze.
📍 Rates Across Major Indian Cities (December 7, 2025)
Bullion rates in India typically vary across cities due to local demand, taxes, and hauling costs. Below are representative rates for 24K and 22K gold (per 10 grams) as of December 7, 2025:
|
City |
24K Gold Rate |
22K Gold Rate |
|---|---|---|
|
Delhi |
₹13,030 |
₹11,945 |
|
Mumbai |
₹13,015 |
₹11,930 |
|
Chennai |
₹13,135 |
₹12,040 |
|
Bangalore |
₹13,015 |
₹11,930 |
|
Hyderabad |
₹13,015 |
₹11,930 |
|
Ahmedabad |
₹13,020 |
₹11,935 |
Representative Silver Rate: Domestic silver futures are testing psychological hurdles between ₹1.81 lakh and ₹1.85 lakh per kg.
📈 Is It the Right Time to Invest?
Analysts recommend contrasting strategies for these two metals at current record levels.
For Gold Investors:
- Hold for Stability: Investors are advised to continue holding gold as a hedge against inflation and currency volatility.
- Exercise Caution: With a 50%+ gain capture in 2025, near-term upside may be limited by potential technical corrections.
For Silver Investors:
- Buy-on-Dips: Given the historical gold-silver ratio is still falling (currently near 75:1), silver has potential for further outperformance relative to gold.
- Psychological Hurdle: Traders are eyeing the ₹2 lakh per kg mark as a possible target by Diwali 2026 if current momentum persists.