Gold and Silver Rates Hit All-Time Highs in India, September 25

Strategic Insights -

The gold rates in India reached a new all-time high on September 25, with a 24-carat gold selling for Rs 75,280 per 10 grams in India, while the silver rate settled at Rs 92,390 per kilogram. The rise in gold and silver prices was attributed to the prospects of less restrictive monetary policy and elevated geopolitical risks, which supported safe-haven assets like gold. The domestic gold prices ended higher, following international prices, but the upside was capped after hawkish comments from Fed Governor Bowman, who suggested a measured pace of interest rate cuts due to inflationary risks and a stable labor market.

Key Takeaways:

  • Gold prices in India rose to a new all-time high on September 25, with a 24-carat gold selling for Rs 75,280 per 10 grams.
  • The gold rate in Mumbai on September 25 was Rs 75,280/10 grams, a jump of Rs 760 from yesterday.
  • The silver rate in Mumbai on September 25 was Rs 92,390/Kg, a jump of Rs 3340 from yesterday.
  • Gold prices have risen by 2.7% in the last week, and the yellow metal has risen by 2.15% in the last ten days.
  • The rate of 24-carat gold has risen by 2.7% in the last week and the yellow metal has risen by 2.15% in the last ten days.
  • Silver prices in Delhi on September 25 were priced at Rs 92,230/Kg, an increase of Rs 3,330 from yesterday.
  • The price of gold in Chennai on September 25 was Rs 75,500/10 grams, an increase of Rs 760 compared to yesterday.
  • The rate of gold in Kolkata on September 25 was Rs 75,180/10 grams, an increase of Rs 1,020 from last week.
  • The gold rate in India reached a new all-time high due to the prospects of less restrictive monetary policy and elevated geopolitical risks.

Statistics:

  • 24-carat gold selling for Rs 75,280 per 10 grams in India.
  • Silver rate settled at Rs 92,390 per kilogram.
  • Gold prices have risen by 2.7% in the last week.
  • Gold prices have risen by 2.15% in the last ten days.
  • Rate of 24-carat gold has risen by 2.7% in the last week.
  • Yellow metal has risen by 2.15% in the last ten days.
  • Silver price in Mumbai on September 25 was Rs 92,390/Kg.
  • Gold price in Delhi on September 25 was Rs 75,150/10 grams.
  • Silver price in Delhi on September 25 was Rs 92,230/Kg.
  • Gold price in Chennai on September 25 was Rs 75,500/10 grams.
  • Silver price in Chennai on September 25 was Rs 92,660/Kg.

Sources:

  • FE Business Gold, silver rate today: The gold MCX futures contracts with the expiry of October 2024 were quoted for Rs 75,243 per 10 gm, an increase of Rs 240.
  • IE Online Media Services Pvt. Ltd., distributed by Contify.com.