Gold Prices Dip on Profit Booking: What Happened on 4 December 2025

Gold prices in India witnessed a downward trend on Thursday, 4 December 2025, as the market took a breather after its recent push towards all-time highs. The yellow metal slipped across major cities like Mumbai, Delhi, and Chennai, with reports indicating a fall of around 0.41%. This dip was largely driven by profit booking from traders capitalising on the recent price surge, coupled with soft and weak signals from the global markets. The day was marked by a critical consolidation phase, where prices hovered around key support levels.

On the Multi Commodity Exchange (MCX), gold futures were seen navigating this consolidation, trading near the crucial ₹1.30 lakh per 10 gram mark. Various reports placed the price for 24-carat gold in a range between ₹1,30,374 and ₹1,31,600 during the day's trading, reflecting the cautious sentiment among investors. While gold eased, silver presented a more mixed picture. Some data pointed to a decline in silver prices, while other reports suggested silver futures edged up amidst weak US economic data, highlighting a divergent trend. Interestingly, a separate market trend indicates that silver is gaining favour among Indian jewellery shoppers who are increasingly chasing both value and contemporary style.

Despite the short-term pullback, the long-term outlook for gold remains optimistic. The World Gold Council (WGC) released its forecast for 2026, anticipating a significant "push ahead" for the precious metal. The council projects a potential rise of up to 30% in the coming year, driven by a global "flight to safety" among investors. For Indian investors and jewellery buyers, today's price dip represents a period of market recalibration. While the immediate trend is cautious, the strong long-term forecast suggests that such consolidation phases could be viewed as strategic opportunities.