Gold Prices Rise as Local Bullion Surge Shakes Markets
Gold prices jumped sharply on Tuesday, December 23, 2025. The local bullion surge followed strong gains in global markets. According to APSGJA data, buyers saw a sudden price shock. As a result, investor interest rose across major cities. The price of 24 karat gold climbed by Rs8,500 per tola. It reached Rs470,862, compared with Rs462,362 a day earlier. Similarly, 10 grams of 24 karat gold rose by Rs7,288.
The new rate stood at Rs403,688.
Meanwhile, silver prices stayed flat during the session. A total of silver traded at Rs7,205 without change.
Global Push International gold prices also moved higher on Tuesday. Prices jumped by $85 per ounce during the session. Gold reached $4,485 per ounce in global trading.
Previously, it closed near $4,400. However, analysts say inflation was not the only driver. Instead, deeper economic concerns shaped market behavior. Central banks continued large scale gold buying this year. In addition, ETF inflows supported sustained demand. Geopolitical uncertainty also fueled safe haven buying. Therefore, gold gained a new role beyond inflation protection.
2026 Outlook
The year 2025 changed how markets value gold. It evolved into a strategic reserve asset. Gold posted strong gains throughout the year. Some estimates showed growth above 50 percent. The rally peaked in October with record highs. Prices touched nearly $4,381 per ounce.
Looking ahead, forecasts remain optimistic for 2026. Experts expect policy shifts to support prices. The US Federal Reserve may ease interest rates. As a result, gold could remain attractive. Concerns about long-term fiscal stability also persist. Therefore, demand may stay strong. Major banks share bullish expectations. UBS and Goldman Sachs see prices between $4,400 and $4,900.
