<a href="https://www.mid-day.com/business/business-news/article/gold-price-updates-check-gold-prices-in-mumbai-delhi-and-others--23608981" target="_blank" rel="none noopener">Gold prices</a> inched up marginally in early trade on Wednesday, while silver also registered gains across major markets.
The price of 24-carat gold rose by Rs 10 to Rs 1,38,560 per 10 grams. Similarly, 22-carat gold advanced by Rs 10, with 10 grams trading at Rs 1,27,010.
In Mumbai and Kolkata, 10 grams of 24-carat gold was priced at Rs 1,38,560, while in Chennai it stood higher at Rs 1,39,320. In the national capital, Delhi, the same quantity was selling at Rs 1,38,710.
As for 22-carat gold, prices in <a href="https://www.mid-day.com/business/business-news/article/gold-prices-on-december-22-check-rates-for-mumbai-delhi-and-other-cities-23608818" target="_blank" rel="none noopener">Mumbai</a>, Kolkata, Bengaluru and Hyderabad were uniform at Rs 1,27,010 per 10 grams, while Chennai recorded a higher rate of Rs 1,27,710. In Delhi, 10 grams of 22-carat gold was priced at Rs 1,27,160.
Silver prices also moved up, with the metal gaining Rs 100. One kilogram of silver was trading at Rs 2,23,100 in Delhi, Mumbai and Kolkata. In Chennai, silver was priced significantly higher at Rs 2,34,100 per kilogram.
<h2>Gold, silver surpass record high amid US Venezuela tensions, Fed rate cut hopes</h2>
Meanwhile, the gold prices surged over 0.5 per cent to hit record highs on Wednesday, pushing above USD 4,500 an ounce due to escalating US‑Venezuela tensions and expectations for more US rate cuts next year.&nbsp;
MCX gold February futures rose 0.44 per cent to Rs 1,38,485 per 10 grams, while MCX <a href="https://www.mid-day.com/business/business-news/article/silver-soars-to-rs-132300-per-kg-as-gold-slips-from-record-highs-in-india-23594152" target="_blank" rel="none noopener">silver</a> surged 1.79 per cent to a record high of Rs 2,23,593 per kilogram (as of 10.05 am).
The dollar index had declined 0.20 per cent during the session, making gold cheaper in overseas currencies.
"Spot gold surged past the psychological USD 4,500 per ounce milestone, propelled by safe-haven demand and rate cut expectations. Silver touched a fresh all-time high and surged beyond USD 72," said Devarsh Vakil, Head of Prime Research at HDFC Securities.
Silver has gained 24 per cent in December and 135 per cent year-over-year, reflecting tight supply-demand fundamentals and robust safe-haven flows, Vakil added.
Domestic spot gold prices have surged over 76 per cent year to date and international gold prices over 70 per cent in 2025, on track for their strongest annual performance since 1979.
Platinum traded above USD 2,300 an ounce for the first time in several decades, while palladium also recorded gains.
The US Coast Guard this month seized a super tanker under sanctions carrying Venezuelan oil and tried to intercept two more <a href="https://www.mid-day.com/news/world-news/article/judge-rules-trump-administration-must-allow-court-challenges-for-venezuelan-migrants-sent-to-prison-23608938" target="_blank" rel="none noopener">Venezuela</a> related ships over the weekend heightening tensions.
Killing of a Russian army general in a bomb attack on Monday also contributed to increased geo-political risk and supported gold and silver.
Gold has support at Rs 1,35,550-Rs 1,34,710 zone, while silver has support at Rs 2,11,150-Rs 2,10,280 zone, according to analysts.
Aggressive central bank buying, expectations of US Fed rate cuts, concerns over impact of US tariffs, geopolitical tensions, and robust inflows into gold and silver ETFs drove the gold and silver prices this year.

In Mumbai and Kolkata, 10 grams of 24-carat gold was priced at Rs 1,38,560, while in Chennai it stood higher at Rs 1,39,320. In the national capital, Delhi

Gold, silver prices edge higher in early trade; check rates here

Gold prices on December 25: Check rates for Mumbai, Delhi and other cities

The price of 24-carat gold rose by Rs 10 to Rs 1,38,560 per 10 grams. Similarly, 22-carat gold advanced by Rs 10, with 10 grams trading at Rs 1,27,010

Gold prices on December 24: Check rates for Mumbai, Delhi and other cities

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