As many people avoid investing in the stock market, gold has emerged as the preferred investment for securing future financial stability. This growing shift has significantly increased global demand for the precious yellow metal, leading to a sharp surge in gold prices.
Due to this high demand, gold prices have been skyrocketing. Ahead of the Diwali festival, gold prices rose at a rapid pace. While it was initially expected that gold would touch ₹1 lakh per sovereign before Diwali, it reached ₹96,000 and then eased slightly. However, over the past few months, gold prices have repeatedly hit new all-time highs, creating strong volatility in the market.
The continuous rise in prices has made gold an unattainable dream for poor and middle-class families. In a bid to grow their savings quickly, some people have even started investing in gold by taking loans from banks and financial institutions.
Rapid Price Rise Shocks Buyers
On December 9, one gram of gold was priced at ₹12,000, while a sovereign was sold at ₹96,000. Prices then continued to rise gradually. By December 13, gold reached ₹12,370 per gram and ₹98,960 per sovereign. As the previous day was a holiday, the same rates continued.
Yesterday morning, gold prices rose by ₹90 per gram to ₹12,460 and by ₹720 per sovereign to ₹99,680. Many believed that prices would not cross the ₹1 lakh mark. However, within hours, another sharp increase shocked buyers.
By noon, gold prices rose again by ₹55 per gram, taking the price to ₹12,515 per gram and ₹1,00,120 per sovereign. In a single day, gold prices increased by ₹145 per gram and ₹1,160 per sovereign. This unprecedented rise caused widespread concern, especially among housewives.
Sharp Decline After Record High
After crossing the historic ₹1 lakh mark per sovereign yesterday, gold prices dropped sharply today. The price of gold fell by ₹165 per gram, bringing it down to ₹12,350 per gram. The price of a sovereign decreased by ₹1,320, settling at ₹98,800.
Silver Prices Also Fall
Silver prices also witnessed a significant decline today. The price of silver fell by ₹4 per gram, with one gram selling at ₹211. The price of a kilogram of silver dropped by ₹4,000, with silver bars now selling at ₹2,11,000.
Last Five Days’ Gold Prices (22 Carat – One Sovereign)
– 15-12-2025: ₹1,00,120 – 14-12-2025: ₹98,960 – 13-12-2025: ₹98,960 – 12-12-2025: ₹98,960 – 11-12-2025: ₹96,400
Last Five Days’ Silver Prices (One Gram)
– 15-12-2025: ₹215 – 14-12-2025: ₹210 – 13-12-2025: ₹210 – 12-12-2025: ₹216 – 11-12-2025: ₹209
