Gold Price Hits Record High: 22K Gold Crosses ₹90,000

Globally, gold prices hit a new record, surpassing the $4,000-per-ounce mark for the first time.

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Gold Price Hits Record High: 22K Gold Crosses ₹90,000

Gold Price Hits Record High: 22K Gold Crosses ₹90,000

Gold prices continued their upward momentum on Wednesday, with 22-carat gold priced at ₹11,290 per gram and ₹90,320 for 8 grams in Kerala. The steady rise comes amid global economic uncertainty, geopolitical tensions, and expectations of further interest rate cuts by the US Federal Reserve.

In major Indian cities, gold prices also remained high. In Mumbai, the price of 24-carat gold stood at ₹1,23,170 per 10 grams, while 22-carat gold was available at ₹1,12,900 per 10 grams. These rates exclude GST and making charges. Silver prices also edged higher, trading at ₹1,57,100 per kilogram.

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On the Multi Commodity Exchange (MCX), gold futures for December 5, 2025, delivery were up 0.72%, trading at ₹1,21,985 per 10 grams, while silver futures for the same month rose 0.91% to ₹1,47,120 per kilogram.

Globally, gold prices hit a new record, surpassing the $4,000-per-ounce mark for the first time. US spot gold climbed 0.7% to $4,011.18 per ounce, while US gold futures for December delivery were up 0.7% at $4,033.40 per ounce.

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Across India, gold rates remained consistent across cities:

  • Delhi & Jaipur: ₹1,13,050 (22K), ₹1,23,320 (24K) per 10 grams

  • Ahmedabad: ₹1,12,950 (22K), ₹1,23,220 (24K)

  • Pune, Mumbai, Hyderabad, Chennai, Bengaluru, Kolkata: ₹1,12,900 (22K), ₹1,23,170 (24K)

Experts predict that gold prices may continue their bullish run through 2025, possibly rising another 25% with intermittent corrections. According to Sandip Raichura, Director at PL Capital, international gold prices could climb beyond $4,800 an ounce, driven by strong investment demand and safe-haven buying.