Gold rates today: Gold prices on Multi Commodity Exchange (MCX) rose marginally 0.25% to 1,40,228 on Monday, December 29. Gold prices climbed 570 in early trading on Monday, reaching an intraday high of 1,40,444 per 10 grams, and remained close to the record peak of ₹1,40,465 per 10 gram touched on Friday.
Meanwhile, in the international market, spot gold was down 0.4% at $4,512.74 per ounce, as of 0242 GMT, after hitting a record high of $4,549.71 on Friday. US gold futures for February delivery lost 0.4% to $4,536.40 per ounce.
What’s driving the gold prices on December 29,2025?
According to market experts, the rally has been driven by supportive monetary conditions, de-dollarisation trends, and ongoing global trade tensions.
On the geopolitical front, US President Donald Trump said on Sunday that he and Ukrainian President Volodymyr Zelenskiy were “getting a lot closer, maybe very close” to an agreement to end the war in Ukraine, which could pressurise the precious metal.
Although central bank gold purchases have moderated from the elevated levels seen over the past three years, buying interest remains consistent. Demand continues to be underpinned by portfolio diversification, currency-related worries, and expectations of additional interest rate cuts.
Furthermore, rate easing by the US Federal Reserve and prospects of further cuts have enhanced the appeal of gold and silver in 2025.
At the same time, reduced liquidity amid year-end holidays has magnified price swings, according to experts. They believe the factors that propelled gold prices higher this year are likely to persist into 2026, potentially driving a sharp rise in the precious metal.
(This is a developing story)
