Gold Pri͏ce Today: MCX Gold Up by 0.77% to ₹1,35,224 on Fed Rate Cut Hopes 

Mumbai, December 22, 2025: Gold price today witnessed a jump on the Multi Commodity Exchange (MCX) in early trading on Monday, supported by a surge in expectations of US Federal Reserve rate cuts and firm demand in the spot market. Gold and silver prices rose following global cues, as investors were keenly focused on macroeconomic signals and geopolitical developments that impacted the price of the precious metals.

Fed Rate Cut Speculation Propels Gold as Inflation Data Weaker Than Expected

Gold price today continues to benefit from increasing speculation that the US Federal Reserve could cut interest rates as early as January, after weaker-than-expected inflation data was released last week. Expectations of lower interest rates normally reduce the opportunity cost of holding non-yielding assets such as gold, supporting prices. According to market estimates, traders are now pricing in two additional rate cuts by the Federal Reserve in 2026, giving further support to bullion prices globally.

Global Gold Hits $4,380 Per Ounce as Geopolitical Risks Intensify

On the international market, gold prices surged to an all-time high of $4,38͏0 per oun͏ce, buoyed not only by expectations about the future of monetary policy but also by geopolitical tensions ͏that were heating up. Media reports showed that global uncertainties increased after the US tracked another ship off the coast of Venezuela after seizing tankers, while Ukraine reportedly hit a Russian tanker in the Mediterranean Sea for the first time. Such moves ͏boosted the appeal of gold as a hedge against spikes in global risk.

Domestic Gold͏ Prices Rise 73% in 2025 on Central Bank Purchasing

Gold price today is indicative o͏f wider trend observed through the year. Domestic spot gold prices have risen by over ₹5͏5,000, registering a 73% jump in 20͏25 so far. This rally has been driven by fears of global economic deceleration related to US trade tariffs, aggressive central bank gold purchases, persistent geopolitical tensi͏ons, and expectations o͏f lower global interest rates. These two factors together h͏ave maintained appetite in both the physical and futures markets.

Goldman Sachs Predicts Gold At $4,900 By December 2026

Contributing to the positive sentiment, global financial firm Goldman Sachs said gold prices could increase by 14% to $4,900 per ounce by December 2026 in its base-case scenario The firm pointed to ongoing central bank demand and a softer interest rate environment in the United States as structural drivers underpinning long-term price strength in the precious metal.

MCX Gold February Futures Can Rise Up To ₹1,36,000 On Bullish Trend

Market analysts are still closely watching technical levels. According to analysts, MCX gold February futures may advance towards ₹1,36,000 per 10 grams, as the broader trend remains bullish across global markets. Strong international cues, along with domestic demand, have kept gold prices supported despite short-term volatility.

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