They released an adorable photograph of their twins from their annual Christmas shoot just last week.

And Princess Charlene and Prince Albert got well and truly into the festive spirit today as they gave out presents at they gave out gifts at the Monaco Palace.

Fittingly, Charlene, 39, opted for a cheery red cape coat for the occasion, which she teamed with jodhpurs and a pair of knee-high boots.

Her husband Albert, 59, meanwhile donned a Santa hat and a festive tie, looking in high spirits as he waved at crowds.

Princess Charlene and Prince Albert looked appropriately festive as they arrived at their annual gift-giving event

Albert, 59, was seen lifting up a little girl during the Christmas event to give her a better view of proceedings

Charlene, 39, fittingly opted for a red cape coat as she joined her husband at the annual event

Albert and Charlene took time to speak to the children who were invited to the palace

The royal couple were seen chatting with children at the event, with Charlene seen doting over a little girl lifted up by Albert.

The pair also watched a dance performance put on by the children during the Christmas extravaganza.

Albert and Charlene were joined at the event by Louis Ducruet and Camille Gottlieb, the children of Princess Stephanie of Monaco.

Every year, lucky youngsters are invited to the Monaco Palace to receive presents.

Charlene was seen doting over a youngster as they gave out presents during the event

Charlene teamed her cape coat with jodhpurs and a pair of knee-high black boots

The royal couple were seen meeting Santa at the Christmas extravaganza at the palace

Both Charlene and Albert looked to be in high spirits, with the Prince waving at crowds

The royal couple are clearly enjoying the build-up to Christmas this year, with Charlene sharing an adorable festive picture of their twins on Instagram last week.

The photograph shows Jacques and Gabrielle, three, posing in a sleigh in front of a Christmas tree.

Jacques, who beamed for the camera, looked every inch the young gentleman in a white shirt and grey trousers, while his sister was pretty as a picture in a festive red dress with a matching bow in her hair.

The youngsters celebrated their third birthday earlier this month, with a wintry-themed party thrown by their parents.

Charlene was seen posing with Father Christmas as she met with children at the event

The mother-of-two was seen admiring large models of Mickey and Minnie Mouse

She and Albert later enjoyed a dance performance by a group of youngsters

Although no pictures of the celebrations have emerged Albert opened up to People magazine about the party held at the Oceanographic Museum with friends they've made at kids club and nursery.

'It’s kind of a Polar Arctic setting. ‎There’s stuff like mechanized polar bears that move their hands and arms - it was really fun,' he said.

'Then we had a little celebration up at Roc Agel with Charlene’s family, and that‎ was nice.'

He also revealed that Prince Jacques had received a Hot Wheels launcher and truck for his birthday, while Princess Gabriella Barbie doll and the Barbie Dream Horse

The royal couple were joined at the event by Louis Ducruet (far left) and Camille Gottlieb (far right), the children of Princess Stephanie of Monaco

Charlene and Albert give out presents every year to lucky youngsters invited to the palace

All the children attending the event posed for photographs with the royal couple

One little girl flashed a big smile as Albert lifted her up to give her a better view of the camera

The youngsters all wore Santa hats and were seen clutching gifts as they posed for pictures