Prediction for Gold Prices for December 2025
Gold prices for December 2025 are expected to remain strongly bullish, driven by potential Federal Reserve rate cuts, geopolitical tensions, safe-haven demand, and central bank buying, with projected ranges around $4,140–$5,115 per ounce and ₹1,37,842–₹1,53,923 in India.
Gold prices are poised for a strong finish in December 2025, supported by a confluence of macroeconomic and geopolitical factors. By late November 2025, U.S. gold futures for December delivery had already settled at $4,140 per ounce, lifted by softer-than-expected U.S. retail sales data that strengthened expectations of a Federal Reserve rate cut. If the Fed does ease policy in December, as many analysts anticipate, lower interest rates would further enhance the appeal of non-yielding assets like gold, reinforcing the bullish momentum heading into the final month of the year.
Geopolitical tensions continue to be a major driver underpinning gold’s value. Ongoing conflicts—most notably the Russia-Ukraine war and unrest in the Middle East—have heightened global risk perceptions, leading investors to seek safety in gold. Central banks, particularly in emerging markets, are also maintaining aggressive buying programs, adding to consistent structural demand. This combination of safe-haven flows and institutional accumulation strengthens the case for elevated gold prices through the month.
Price projections for December 2025 reflect this optimism across both global and Indian markets. In INR terms, gold is expected to open the month around ₹1,37,842, with forecasts suggesting highs up to ₹1,53,923 as December progresses. Daily price ranges suggest fluctuations between ₹1,30,480 and ₹1,53,923, with an average near ₹1,41,276. In USD terms, spot gold—currently near $4,254—is projected to trend higher, with technical indicators pointing toward potential upside above $5,115, provided key support levels near $3,965 remain intact.
Market sentiment among major financial institutions remains broadly positive, with most forecasts placing 2025 gold prices in the $3,500–$3,800 range under conservative assumptions, while more aggressive outlooks project levels above $5,000. Gold’s recent breakout above $4,100 has strengthened bullish technical signals, reflecting multi-year upward momentum fueled by inflation hedging, rising central bank reserves, and sustained investor demand. Taken together, these factors point to a strong and upward-leaning December 2025, with continued volatility but a prevailing bias toward higher gold prices in both INR and USD markets.
