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Gold prices in India see  sharp correction from record highs

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Gold prices in India have experienced a sharp correction from record highs set earlier this week, declining by Rs 1,200 per 10 grams and Rs 12,000 per 100 grams from their December 15 peak. The pullback comes after prices touched all-time highs, with 24-carat gold retreating from Rs 1,35,380 to Rs 1,34,180 per 10 grams. Similarly, 100 grams of 24-carat gold has dropped from Rs 13,53,800 to Rs 13,41,700. Despite the correction, gold remains up 3% for December overall.

Current pricing across different purities shows 22-carat gold at Rs 1,23,000 per 10 grams and 18-carat gold at Rs 1,00,630 per 10 grams. For larger purchases, 100 grams of 22-carat gold is priced at Rs 12,29,000, while 18-carat gold costs Rs 10,06,300 per 100 grams. The market saw particularly sharp declines on December 19, with prices dropping by up to Rs 660 per 10 grams.

Silver has outperformed gold significantly in December, surging over 11% during the month. Current silver rates stand at Rs 2,09,000 per kilogram, which represents a Rs 2,000 decline from the historic high of Rs 2,11,000 reached on December 18. For smaller quantities, 100 grams of silver is priced at Rs 20,900 and 10 grams at Rs 2,090.

On the MCX futures market, gold with February 2026 expiry closed at Rs 1,34,206 per 10 grams on December 19, registering a marginal gain of 0.01%. Silver futures with the same expiry date dropped 0.08% to close at Rs 2,08,699 per kilogram. Market analysts note that gold traded in a narrow range near $4,330 on Comex globally, while domestic prices faced pressure from rupee strength, which offset international bullion firmness.

Looking ahead to the Christmas week, analysts project gold will remain volatile within a range of Rs 1,31,500 to Rs 1,34,000, suggesting prices may consolidate rather than reach new record highs. Market experts attribute the current price stability to safe-haven demand and volatile global markets, with strong buyer confidence despite elevated levels. However, some consolidation around recent gains is expected.

Silver’s outlook remains positive after decisively breaking above the Rs 2 lakh mark, which demonstrates the strength of the current rally. While profit-taking may occur at these elevated levels, market sentiment continues to support prices. Analysts expect some volatility as markets adjust to the breakout, though the overall trajectory remains constructive. The holiday-shortened trading week coincides with wedding season, which typically drives higher demand for gold and silver jewelry across India.

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National News

MMTC-PAMP Appoints Sidharth Malhotra As Brand Ambassador

As Part Of The Association, Sidharth Will Lead MMTC-PAMP’s New Integrated Campaign, ‘Purest And More,’ Showcasing The Brand’s Expanding Portfolio Across Physical Precious Metals, Digital Investments and Responsible Gold Recycling.

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MMTC-PAMP, India’s only London Bullion Market Association (LBMA)-accredited Good Delivery  Gold & Silver refiner, today announced acclaimed actor Sidharth Malhotra as its Brand Ambassador, marking a significant  milestone in the brand’s journey to strengthen its connection with a new generation of consumers. As part of the association,  Sidharth will lead MMTC-PAMP’s new integrated campaign, ‘Purest And More,’ showcasing the brand’s expanding portfolio  across physical precious metals, digital investments and responsible gold recycling. 

The integrated campaign showcases MMTC-PAMP’s complete ecosystem, from 24K 999.9+ purest gold and silver coins and  bars to digital gold and silver, gold recycling, online purchasing and assured buyback services. Through relatable, everyday  moments and festive celebrations, the campaign reinforces MMTC-PAMP’s position as India’s most trusted precious metals  brand while making gold ownership more relevant, accessible and convenient for today’s consumers. 

Announcing the association, Samit Guha, Managing Director and CEO, MMTC-PAMP said:

“We are delighted to welcome  Sidharth Malhotra to the MMTC-PAMP family. Sidharth has built a strong reputation through authenticity, credibility and a  modern outlook—qualities that closely reflect the values of our brand. As one of India’s most admired and influential actors,  he enjoys a deep connect across generations, making him an ideal ambassador as we continue expanding the reach of MMTC PAMP among both seasoned investors and first-time buyers.

This partnership comes at an exciting phase in our growth as we  continue to redefine precious metals ownership through innovation, responsible sourcing and world-class quality. Through  our ‘Purest And More’ campaign, we are showcasing how MMTC-PAMP today offers far more than physical gold—from digital  investments and online buying to gold recycling and assured buyback—while remaining uncompromising on purity and trust.”

The campaign film unfolds through a series of relatable family moments around a wedding celebration, with Sidharth  naturally introducing consumers to MMTC-PAMP’s diverse offerings. The storytelling highlights that every MMTC-PAMP  offering is backed by the brand’s commitment to purity, trust and convenience while reinforcing its promise of “Purest And  More.” 

Speaking on the association, Sidharth Malhotra said:

“MMTC-PAMP has built a remarkable reputation for purity, trust and  innovation, while also modernising the way people invest in and experience precious metals. Whether it’s celebrating life’s  milestones, building long-term wealth or embracing more responsible choices through recycled gold, the brand continues to  stay relevant for today’s consumers. I’m excited to be part of this journey and look forward to connecting with people through  the ‘Purest And More’ campaign.”

The association brings together one of India’s most recognised actors with one of the country’s most trusted precious metals  brands at a time when consumer interest in certified physical gold, digital gold and sustainable precious metals solutions  continues to grow. With Sidharth Malhotra as the face of the brand, MMTC-PAMP aims to further strengthen its leadership  position while deepening engagement with a younger, digitally connected audience. 

The campaign will be amplified across television, digital platforms, social media, print, retail stores and e-commerce channels,  with dedicated creatives highlighting key offerings including digital gold and silver, festive gifting, Virasat recycled gold,  Akshaya Tritiya, Diwali and MMTC-PAMP’s certified purity credentials. 

Link to the TVC (YouTube):

Link to the TVC (Instagram):https://www.instagram.com/p/DciH4s7tim5//

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