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Gold Prices Surge in India Amid Economic Instability

12/12/2025

40 5 Full Breakdown

Summary

Story summary

Gold prices rose in Chennai to INR1,34,310 per 10 grams on December 12, 2025, up about 1.1%.
Prices in Bengaluru and Delhi climbed to INR1,33,960 and INR1,33,560 respectively, reflecting a broader uptick amid persistent inflation and economic uncertainty.
In Saudi Arabia, gold prices fell to SAR 514.79 per gram.
In the Philippines, gold prices declined to PHP 8,103.85 per gram.
Gold is seen as a safe-haven asset amid economic instability.

History

Historical Context

The Gold Standard Act of 1900, signed by President William McKinley, established gold as the exclusive standard for U.S. currency, fixing its value at $20.67 per ounce. This act formalized a shift from bimetallism to a gold standard, influencing monetary policy until the gold standard's abandonment in 1933 during the Great Depression. Today, rising gold prices reflect ongoing economic uncertainty, echoing past financial crises.

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Story summary

Gold prices rose in Chennai to INR1,34,310 per 10 grams on December 12, 2025, up about 1.1%.
Prices in Bengaluru and Delhi climbed to INR1,33,960 and INR1,33,560 respectively, reflecting a broader uptick amid persistent inflation and economic uncertainty.
In Saudi Arabia, gold prices fell to SAR 514.79 per gram.
In the Philippines, gold prices declined to PHP 8,103.85 per gram.
Gold is seen as a safe-haven asset amid economic instability.

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