Gold prices soared above $4,400 on Monday to reach a new all-time high, as analysts pointed to rising geopolitical tensions and softer monetary policy as key drivers of the surge.

Gold traded lower on Wednesday but remained on course for record milestones as the year neared its close, while other precious metals also posted strong gains.

Spot gold prices hit an all-time high of around $4,560 per troy ounce last Friday before sliding more than 4% on Monday, as exchange operator CME Group raised its margin requirements for precious metals contracts and investors booked profits. Gold rebounded on Tuesday, trading recently at around $4,400.

Gold is currently trading at $4,361.38 per ounce as of December 30, 2025, up dramatically from where it stood just a year or two ago. Based on today's spot price, a 100-ounce gold bar carries a raw metal value of approximately $436,138. However, what you'll actually pocket when selling depends on several factors beyond just the spot price.

The bitcoin price and crypto market are braced for a "crazy week" after the silver price dropped 10% in just over an

On the MCX, gold prices jumped to a record high of ₹140,465 per 10 grams this year. On Wednesday, they hovered below ₹1,35,000.

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Mundada pointed to expectations of further Federal Reserve interest rate cuts in 2026, geopolitical turmoil, and de-dollarization as central banks diversify reserves away from the U.S. dollar—"We are transitioning into a new, multipolar monetary era," Mundada wrote.

December 2025 Gold Price Update - Gold rate in India moved down by 0.99% over its previous close. Check the latest 18K, 22K and 24K gold price in major cities in India and Dubai.