Gold Price Rally Continues Ahead of Christmas as Bengaluru, Chennai Gold Rates Hit Record High On DEC 24

Just a day before Christmas, gold rates have taken a sharp leap to a new lifetime high range. The 24-carat gold rates in India and other major cities are now very close to Rs. 1.4 lakh per 10 grams after today's rise in prices. Silver, on the other hand, is also rising unstoppably and will soon breach the Rs. 2.5 lakh per kg level.

Gold and Silver During the Holiday Season

Gold Rate In Bangalore

On 24th December, 22-carat gold rates in Bangalore today spiked by Rs. 300 to cost Rs. 128,000. Meanwhile, 24-carat gold now retails for Rs. 139,640, which jumped by Rs. 139,640. Just like that, 18-carat gold rates in Bangalore also rose by Rs. 250 to retail at Rs. 106,750.

Silver Rate in Bangalore

Bangalore silver rates today also jumped sharply. Currently 1 kg of silver costs Rs. 233,000 after rising by Rs. 10,000. Similarly, 100 grams of silver in Bangalore today retails at Rs. 23,300 per 10 grams, which jumped by Rs. 1000.

Gold Prices in Chennai Today

Gold Rate in Chennai Today Experienced a huge jump for the second consecutive day. The 24-carat gold rate in Chennai jumped by Rs. 330 per 10 grams to cost Rs. 139,640, while the 22-carat gold rate in Chennai jumped by Rs. 300 and now retails at Rs. 128,000 per 10 grams.

Gold And Silver Future Price On MCX

On the Multi Commodity Exchange (MCX), the gold futures for February 5th, 2026, delivery are extending gains of 0.45%, at Rs. 138,505 per 10 grams. Similarly, the silver futures for the March 5th, 2026, expiry are surging today by 2.01%, trading at Rs. 224,064.

Spot Gold And Silver Trends In The Market

"Gold hovered near a record high of $4,470/oz as expectations of Fed rate cuts and rising geopolitical risks offset strong US growth data, keeping prices up about 70% this year on sustained safe-haven demand. On the technical front, MCX Gold continues to remain in an uptrend and consistently trades above the short-term 10- and 20-DEMA lines, keeping the trend positive and momentum strong. In yesterday's session, it formed a hammer candlestick, indicating fresh supply at higher levels." as per an analyst from Way to Wealth.

"The price may consolidate around current levels before resuming the uptrend. Immediate support is placed at 136,650, while resistance is seen in the 139,200-141,500 range. Since the overall trend is bullish, traders can consider buying MCX Gold near 136,650 for a target of 139,200-141,500. Any sustained weakness below 136,650 would warrant a review of the current view." the report further added.

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