Murray scored 28 points and two-time NBA Most Valuable Player Jokic overcame a poor shooting day by going 18-for-18 at the free-throw line as the reigning champion Nuggets took their winning streak to five games.
Despite connecting on just four of 12 shots from the field Jokic finished with 26 points, adding 14 rebounds and eight assists to help the Nuggets come out on top in a seesaw battle between the winners of the last two NBA titles.
Jokic's left-handed basket with 5:16 to play put the Nuggets up for good and he added an exclamation point with a dunk that pushed the lead to 118-112 with 34.2 seconds left.
The Warriors came into the contest riding a five-game winning streak. But superstar Stephen Curry endured a frustrating afternoon, scoring just four points in the first half on the way to a total of 18 on seven-of-21 shooting.
He was three-for-13 from three-point range and handed out four assists.
Canada's Andrew Wiggins helped keep the Warriors in it, scoring a team-high 22 points off the bench. But Murray and Jokic, who led the Nuggets to a franchise-first title last season, proved too much down the stretch.
Brunson powers Knicks
In New York, Jalen Brunson scored 38 points for the Knicks as they finally got the better of Giannis Antetokounmpo and the Milwaukee Bucks, halting the Bucks' seven-game win streak with a 129-122 victory at Madison Square Garden.
The Knicks had lost their previous nine games against Milwaukee, including a 130-111 decision on Saturday.
"I'm just happy the way we played today, we kept fighting," Brunson said after the Bucks cut a 14-point deficit to four midway through the third quarter before the Knicks pulled away again.
"They made a run but we stayed poised," Brunson said. "You've got to give them a lot of credit, they're a hell of a team so I'm just happy we got away with a win."
Julius Randle scored 24 points and grabbed nine rebounds, RJ Barrett bounced back from a disappointing showing on Saturday to score 21 points, and Immanuel Quickley added 20 off the bench for the Knicks.
Damian Lillard and Antetokounmpo meanwhile each scored 32 points apiece for Milwaukee.
Antetokounmpo added 13 rebounds but the Bucks never led after the first quarter.
"I thought they out-competed us today for the most part," Bucks coach Adrian Griffin said. "Offensively we got some good looks, but we just couldn't knock 'em down. And when you're on the road and you get clean looks, you've got to knock them down.
"I think we missed quite a few at the rim," he added. "I think it took some of the air out of us."
The league's Christmas festivities continued with a classic clash between the Boston Celtics and Los Angeles Lakers - longtime rivals who share the record for the most NBA titles with 17 apiece.
Elsewhere, the Miami Heat hosted the Philadelphia 76ers and the Phoenix Suns hosted Dallas.
