Gold Rates At New Record Highs, Silver Rate Above Rs 2 Lakh; Dec-15 Outlook For 24K, 22K, 18K Gold Prices

Gold rates in India touched a new record high on December 15 across 24 carats, 22 carats, and 18 carats. Silver rates in India also held above Rs 2 lakh. Although MCX commodities traded sharply higher on December 15, silver futures had pulled away from their Rs 2 lakh mark. MCX gold was also shy of its peak levels. The rally in precious metals comes at a time when the equity market is on a bearish tone.

According to Rahul Kalantri, VP Commodities, Mehta Equities, gold and silver prices remained highly volatile but closed higher last week. Gold hovered near two-month highs, while silver hit fresh record levels in the global markets after the U.S. Fed reduced interest rates by 25 basis points. A weaker dollar index, which declined to near two-month lows, added further support to precious metals.

He explained that silver made a fresh lifetime high in both the international and the domestic market before witnessing profit booking. Volatility may persist in the near term, though gold and silver are expected to find support at $4,155 and $59.20 per troy ounce, respectively.

Gold & Silver Prices Outlook For December 15:

"Gold has support at $4265-4245 while resistance at $4340-4375. Silver has support at $61.70-61.25 while resistance is at $62.65-63.15. In INR gold has support at Rs1,32,850-1,32,150 while resistance at Rs1,34,550-1,35,270. Silver has support at Rs1,91,450-1,90,780 while resistance at Rs1,93,810, 1,94,770," as per Kalantri.

MCX Gold Price + MCX Silver Price

At the time of writing, MCX gold futures with February 2026 expiry, traded at Rs 1,34,748 per 10 grams, higher by Rs 1,126 or 0.84%. The bullion is near its intraday high of Rs 1,34,794 per 10 grams, which is also closer to its record high of Rs 1,35,263 per 10 grams.

Meanwhile, MCX silver futures with February 2026 expiry, surged by 1.4% or Rs 2,709 to trade at Rs 1,95,560 per 1kg, which is near its intraday high of Rs 1,95,825 per 1kg. But silver has pulled away from its Rs 2 lakh mark and all-time high of Rs 2,01,615 per 1kg that was recorded last week.

Should You Buy Gold & Silver Prices?

As per Nirmal Bang's analysts on December 15, gold prices are expected to rise. Traders can buy at 134000 with a stop loss of 133500 for the target at 134700-135300.

Also, analysts added, silver prices are expected to test correct. One can sell at 198500 with a stop loss of 201500 for the
target at 196000-194500. One can also buy from 193500 for a pullback with a stop loss of 191500.

Gold Rates In India:

Gold rates in India touched a new record high on December 15. 10 grams gold price surged by Rs 820 to Rs 1,34,730 in 24 carat, rose by Rs 750 to Rs 1,23,500 in 22 carat, and climbed by Rs 620 to Rs 1,01,050 in 18 carat.

100 grams gold rates climbed by Rs 8,200, Rs 7,500 and Rs 6,200 in 24 carat, 22 carat and 18 carat, to touch new highs of Rs 13,47,300, Rs 12,35,000 and Rs 10,10,500.

The price of cheapest gold is at Rs 13,473 per gram for 24 karat gold, Rs 12,350 per gram for 22 karat gold and at Rs 10,105 per gram for 18 karat gold (also called 999 gold).

Silver Rates In India:

1Kg silver rate surged by Rs 2,900 to hit its new high of Rs 2,00,900. While 100 grams and 10 grams silver rates stood at Rs 20,090 and Rs 2,009 respectively.

Gold & Silver Prices Comparison In Major Cities:

Gold & Silver Rates In Chennai: 10 grams gold price stood at Rs 1,35,930 in 24 carats. In case of silver, the price stood at Rs 2,13,000 per 1Kg, expensive than compared to other cities.

Gold & Silver Rates In Mumbai: 10 grams gold price is at Rs 1,34,730 in 24 carats. Silver price stood at Rs 2,00,900 per 1Kg.

Gold & Silver Rates In Delhi: 10 grams gold price is at Rs 1,34,880 in 24 carats. Silver price stood at Rs 2,00,900 per 1Kg.

Gold & Silver Rates In Bangalore: 10 grams gold price is at Rs 1,34,730 in 24 carats. Silver price stood at Rs 2,00,900 per 1Kg.

Gold & Silver Rates In Hyderabad: 10 grams gold price is at Rs 1,34,730 in 24 carats. Silver price stood at Rs 2,13,000 per 1Kg, expensive than compared to other cities.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.