Gold & Silver Prices Dec 29, 2025 - Year-End Update

As 2025 draws to a close, gold is experiencing a modest pullback after its historic rally, while silver continues to outperform. According to Yahoo Finance, gold futures settled at $4,348/oz on December 29, 2025, down 2.2% for the week but still up an extraordinary 63.5% year-to-date.

Silver, meanwhile, continues its remarkable 2025 run at $70.75/oz, gaining 4.2% this week and up 138.8% YTD according to Yahoo Finance silver futures data.

Today’s Precious Metals Snapshot

Metal	Price	Weekly Change	YTD Change	Source
Gold	$4,348/oz	-2.2%	+63.5%	Yahoo Finance
Silver	$70.75/oz	+4.2%	+138.8%	Yahoo Finance
Gold/Silver Ratio	61.5	Down from 65	Silver outperforming	Calculated
Platinum	~$1,050/oz	+1.5%	+15%	Kitco

Gold Price in India

According to GoodReturns, gold prices in India on December 29, 2025:

Purity	Price per Gram	Price per 10g
24 Karat	₹14,171	₹1,41,710
22 Karat	₹12,990	₹1,29,900
18 Karat	₹10,628	₹1,06,280

Note: Prices vary by city and exclude GST/making charges. Delhi rates may differ slightly.

Why Gold Pulled Back This Week

1. Year-End Profit Taking

After reaching highs above $4,550/oz earlier in December, investors are locking in gains before year-end. According to Morgan Stanley:

“Some profit-taking is natural after such an extraordinary year. The fundamental drivers remain intact.”

2. Fed’s Hawkish Pause Signal

The Federal Reserve’s December 10 meeting delivered a 25bp rate cut, bringing the federal funds rate to 3.50-3.75%, but signaled fewer cuts in 2026.

According to CNBC:

Metric	Current	Change
Fed Funds Rate	3.50-3.75%	-25bps (Dec 10)
2025 Total Cuts	-175bps	From 5.25-5.50%
2026 Forecast	1 cut expected	Per dot plot
January Cut Odds	17.7%	Down from 40%

The Fed’s more hawkish stance briefly strengthened the dollar, putting pressure on gold prices.

3. Dollar Recovery

The US Dollar Index (DXY) recovered slightly from its 2025 lows, though it remains down approximately 15% for the year according to Investing.com.

Silver’s Outperformance Continues

Silver’s 138.8% YTD gain versus gold’s 63.5% reflects the metal’s dual role as both a precious metal and industrial commodity.

According to the World Gold Council:

Driver	Gold Impact	Silver Impact
Rate cuts	Positive	Positive
Industrial demand (EVs, solar)	Neutral	Very positive
Investment demand	Strong	Strong
Supply constraints	Moderate	Significant

The gold/silver ratio has compressed from 90+ at the start of 2024 to just 61.5 today, signaling silver’s relative strength.

2025: A Historic Year for Gold

According to TradingKey, gold recorded its best performance in nearly half a century:

Milestone	Achievement
YTD Return	+63.5% (best since 1979)
All-Time Highs	50+ in 2025
Peak Price	$4,550+/oz
Central Bank Buying	Record levels continue

What Drove the 2025 Rally

According to Yahoo Finance analysis:

Geopolitical tensions - Ongoing conflicts and trade uncertainties
Dollar weakness - 15% decline in DXY
Central bank accumulation - Record buying streak
Rate cut expectations - 175bps of Fed cuts in 2025
De-dollarization - Gold surpassed Treasuries in central bank reserves

2026 Outlook: $5,000 in Sight?

Major institutions see further upside ahead. According to J.P. Morgan:

“We expect prices to push toward $5,000/oz by the fourth quarter of 2026, with $6,000/oz a possibility longer term.”

Analyst Price Targets for 2026

Institution	2026 Target	Timeframe	Source
J.P. Morgan	$5,000/oz	Q4 2026	JPM Research
Goldman Sachs	$4,900/oz	December 2026	GS Research
CoinPriceForecast	$5,000/oz	Mid-2026	CPF
Morgan Stanley	$4,500-5,000/oz	Full Year 2026	MS Research

Key Drivers for 2026

According to the World Gold Council’s 2026 Outlook:

Factor	Expected Impact
Central bank demand	585 tonnes/quarter average
ETF inflows	Record levels continue
Fed rate path	Supportive if cuts resume
Geopolitical risk	Elevated
Dollar outlook	Likely weaker

What This Means for Indian Investors

NRI Investment Considerations

Factor	Current Status	Impact
Rupee/USD	₹87-88 range	Slightly higher INR prices
India gold demand	Strong	Q4 wedding season
Import duties	15%	Premium over spot
Digital gold	Growing	Convenient alternative

According to Economic Times, India’s gold demand remains robust heading into the wedding season.

Action Framework for Year-End

Scenario	Strategy
Already holding gold	Hold through volatility
Want to add exposure	Use pullbacks to accumulate
New to gold	Start with small position
Short-term trading	Expect volatility

Technical Levels to Watch

Level	Price	Significance
Support 1	$4,200/oz	Previous consolidation
Support 2	$4,000/oz	Psychological level
Resistance 1	$4,500/oz	Recent high
Resistance 2	$5,000/oz	2026 target

The Week Ahead

With thin holiday trading through New Year’s, expect:

Low liquidity - Larger price swings possible
Year-end rebalancing - Institutional adjustments
2026 positioning - Early moves on new year outlook
Dollar watch - DXY moves will impact gold

According to Reuters, trading volumes typically drop 40-50% during the holiday week.

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Year-End Opportunity:

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Gold & Silver Prices Today: December 29, 2025 - Year-End Pullback Before $5,000?