Gold, Silver Soar on Christmas Morning; New Rates Revealed

• Gold prices surged on Christmas, with 24-carat gold reaching ₹139,090/10g in Delhi and ₹138,940/10g in Mumbai, Chennai, Kolkata, Pune, and Bengaluru.
• International spot gold hit $4,525.96/ounce, marking a 73.7% increase this year.
• Goldman Sachs predicts gold will reach $4,900/ounce by December next year, citing continued central bank buying.
• Silver prices also jumped to ₹233,100/kg domestically and $72.70/ounce internationally.
• Silver has seen significant year-to-date gains: 151% in foreign markets and 153% domestically.

Why It Matters: Gold and silver prices saw significant increases on Christmas, with strong year-to-date gains and positive future outlooks.