Gold Prices Likely to Drop Further by December 2025

Gold prices have continued to decline for the second consecutive week, mainly due to global market trends and currency fluctuations. The strengthening of the US dollar, easing of geopolitical tensions, and positive signals from the US Federal Reserve regarding interest rate cuts have collectively pushed gold prices downward.

Recently, the price of 24-carat gold per 10 grams dropped from ₹1,25,000 to around ₹1,23,000. After reaching an all-time high in October, prices have shown a steady decline. Experts note that the easing of tensions between Russia and Ukraine, positive trade discussions between Donald Trump and Xi Jinping, and the end of the festive season in India have temporarily reduced gold demand.

According to market analysts, gold prices in the international market have fallen close to the $4,000 per ounce level, and there may be further correction by December. Alongside gold, silver prices have also witnessed a sharp decline — from ₹2 lakh per kilogram in October to around ₹1.66 lakh now. Experts suggest prices could dip further depending on upcoming global economic data.

Meanwhile, the Indian government has also revised the base import prices for gold and silver to align with international rates. The import price for gold has been reduced by $42 per 10 grams and for silver by $107 per kilogram. This move aims to stabilize domestic prices and ensure balance with global markets.