What was the gold price on December 28, 2025?

Gold closed at approximately $4,548.35 per troy ounce on December 28, 2025 — about $146.23 per gram and $1,705.66 per tola. This is the international XAU/USD spot price; local retail rates add import duties, taxes and dealer making charges.

Did gold rise or fall on December 28, 2025?

Gold rose about 0.29% on December 28, 2025 versus the previous trading session — moving from $4,535.00 to $4,548.35 per ounce.

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Historical Unit Breakdown

Gold Price in Every Weight Unit — December 28, 2025

International XAU/USD gold closed at $4,548 per troy ounce on this date, equivalent to $146.23 per gram. The table below converts that reference value into every major regional gold weight unit — from the South Asian Tola, Masha and Rattito Bangladesh's Vori, Thailand's Baht, Vietnam's Lượng, Iran's Mesghal, and the Chinese Tael, Mace and Candareen.

South Asian

5 units

UnitWeightPrice (USD)

1 Tolaتولا · तोला

Pakistan, India, Nepal

11.664 g$1,706

1 Mashaماشہ

1/12 Tola

0.972 g$142.14

1 Rattiرتی

1/96 Tola · gemstones

0.1215 g$17.77

1 Vori (Bhori)ভরি

Bangladesh

11.664 g$1,706

1 Ana (Anna)আনা

1/16 Vori

0.729 g$106.60

Metric & Global

3 units

UnitWeightPrice (USD)

1 Gramg

Worldwide standard

1 g$146.23

1 Kilogramkg

Bulk trade

1,000 g$146,233

1 Troy Ounceoz t

LBMA bullion standard

31.1035 g$4,548

East & Southeast Asian

6 units

UnitWeightPrice (USD)

1 HK Tael兩

Hong Kong, Macau

37.429 g$5,473

1 CN Tael兩

Mainland China

31.25 g$4,570

1 Mace錢

1/10 HK Tael

3.7429 g$547.33

1 Candareen分

1/100 HK Tael

0.37429 g$54.73

1 Bahtบาท

Thailand

15.244 g$2,229

1 Luong (Lượng)lượng

Vietnam

37.5 g$5,484

Middle Eastern

2 units

UnitWeightPrice (USD)

1 Mesghalمثقال

Iran

4.6083 g$673.88

1 Mithqalمثقال

Saudi, UAE, Egypt

4.25 g$621.49

Imperial & Western

2 units

UnitWeightPrice (USD)

1 Pennyweightdwt

1/20 Troy Oz

1.55517 g$227.42

1 Graingr

1/480 Troy Oz

0.064799 g$9.48

How to read this historical table

Every price above is derived directly from the international XAU/USD spot rate on this date ($4,548/oz) using fixed weight constants — 1 troy ounce = 31.1035 g, 1 tola = 11.664 g, 1 baht = 15.244 g, 1 lượng = 37.5 g, 1 mesghal = 4.6083 g, and so on. These multipliers are mathematical, not market estimates, so the conversions are exact.

Prices are shown in US dollars only. Historical local-currency gold rates depended on the exchange rate at the time (December 28, 2025 rates for PKR, INR, AED and others were materially different from today). For an accurate same-date local-currency value, see the country-specific archive link below this section when available.

The figures are pure metal value at international parity — they do not include the import duty, VAT/GST, jeweller making charges, or dealer margin that would have applied at retail counters on this date. For wedding-jewellery or coin pricing context, retail in 22K commonly added 5–15% on top of the spot value shown here.

On this day — December 28, 2025

Gold rose 0.29% from the prior trading session ($4,535.00 → $4,548.35 per ounce).

Sunday — the international gold market is closed. Spot quotes carry forward from the prior Friday close. Retail rates in jewellery markets may differ slightly based on local Sunday hours.

Day 362 of 365 · Q4 2025 · 99.2% through the year

December 2025 gold market: A record-shattering year ends near its highs

Bullish

Nearly every bullish driver aligned to close a historic year.

Gold closed 2025 near record highs after a historic year: roughly 53 all-time highs, record investment demand, a strong return of ETF inflows, continued central-bank buying, and — for the first time ever — total gold demand above 5,000 tonnes. By year-end an accommodative Fed, ongoing geopolitical risk, reserve diversification and heavy ETF inflows were all aligned.

2025 will be remembered as one of the strongest years in gold's modern history. The World Gold Council reported around 53 record highs and total demand exceeding 5,000 tonnes for the first time — a milestone driven by record investment demand, the return of Western ETF inflows, and a fifth straight year of central-bank buying above 1,000 tonnes. The year's defining lesson was breadth: where 2022–2024 leaned heavily on central banks, 2025 added ETFs, institutions and resilient Asian physical demand, making the advance unusually broad-based.

What drove gold in December 2025

record investment demand
strong ETF inflows
continued central-bank reserve diversification
accommodative Fed and geopolitical risk

Themes#record year#ETF inflows#central-bank demand#5,000 tonnes

What happened next

Gold entered 2026 near record highs with its broad structural drivers still firmly in place.

For gold buyers

2025 broke $3,000 and $4,000 and set ~53 records — a historic run that rewarded long-term holders and was underpinned by the broadest demand base in decades.

Key terms this month

All-time high (ATH):: The highest price ever recorded. The World Gold Council reported gold set roughly 53 all-time highs during 2025.

Dec 28 across the years — 2020 → 2024

+40.7% over 4 years

20202024

Year	Dec 28 close	vs prior
Dec 28, 2024	$2,638.30	+26.94%	View
Dec 28, 2023	$2,078.40	+15.25%	View
Dec 28, 2022	$1,803.40	-0.10%	View
Dec 28, 2021	$1,805.20	-3.72%	View
Dec 28, 2020	$1,875.00	—	View

Each row is the verified XAU/USD spot close for Dec 28 of that year. Click any row to open the full daily archive (with country tables for Dec 28, 2020+).