Gold Price Today: Check 22 Carat Rate In Your City On September 25

Gold Rate Today In India: On September 25, gold prices in India were around Rs 76,000 per 10 grams. The price of 24-carat gold, known for its highest purity, stood at Rs 76,370 per 10 grams. For jewellery buyers, 22-carat gold, which is more durable due to its alloy composition, was priced at Rs 70,010 per 10 grams.

Silver, on the other hand, was trading at Rs 92,800 per kilogram.

Gold rate today in India: Retail gold price on September 25

Check gold rates today in different cities on September 25, 2024; (In Rs/10 grams)

Gold Price International Market

Gold scaled another high on Wednesday, boosted by a softer US dollar and hopes of more interest rate cuts, while investors looked for new signals on the U.S. rate cut trajectory.

Spot gold rose 0.2% to $2,661.53 per ounce, as of 0321 GMT. Bullion hit an all-time high of $2,670.43 earlier.

U.S. gold futures gained 0.3% to $2,686.10.

The dollar eased 0.2%, making greenback-priced bullion less expensive for other currency holders.

“Spot gold prices hit fresh highs on Tuesday amid weakness in the dollar and decline in US treasury yields. Weaker than expected US CB consumer confidence numbers have increased the bets of another 50 bps interest rate cut in November,” ICICI Securities in its note.

“Further, the latest measures from China to support the economy also pushed silver prices higher. Moreover, dovish comments from BOJ Governor Ueda have strengthened the bullions as he emphasised holding rates steady. The dollar index remained under pressure amid weaker-than-expected economic numbers from the US. CB consumer confidence hit its lowest since May 2024 at 98.70. Meanwhile, hawkish comments from Fed member Bowman limited its downside,” ICICI Securities added in its note.

Why Gold Price is Increasing Globally?

China’s latest slew of support measures announced on Tuesday include outsized rate cuts, though it did not specify when the moves will come into effect. Last week, the U.S. Federal Reserve cut rates by 50 basis points and markets see about 62% chance of another 50 bps cut in November.

After the Fed cut, China’s decision to cut rates has increased another round of liquidity and this could see further demand going into the gold market by China investors, said Kelvin Wong, OANDA’s senior market analyst for Asia Pacific.

The short term bullish trend remains intact with resistance at $2,690 level, followed by another level at $2,710, Wong added.

Zero-yield bullion tends to be a preferred investment in a low interest rate environment.

Meanwhile, Michelle Bowman said key measures of inflation remain “uncomfortably above” the Fed’s 2% target, warranting caution as the Fed proceeds with trimming rates.

Traders await Fed Chair Jerome Powell’s remarks on Thursday and U.S. inflation data on Friday for further policy cues.

Inflows to gold exchange-traded funds, particularly from Western investors, will rise in the coming months, providing further support for record-high bullion prices, analysts said.

Spot silver fell 0.5% to $31.97 per ounce, platinum edged 0.1% higher to $986.85 and palladium shed 0.6% to $1,050.04.

Retail Cost of Gold in India

What Is The Retail Price Of Gold Per Gram?

Gold price per gram is the cost of one gram of gold. It’s typically expressed in a specific currency (e.g., Indian Rupees). The price can fluctuate daily due to various factors, including economic conditions, geopolitical events, and supply and demand.

The retail price of gold in India, which represents the final cost per unit weight for consumers, is shaped by multiple factors beyond its intrinsic value.

Gold is deeply embedded in Indian culture, acting as a key investment and holding significant importance in traditional weddings and festivals.

As market conditions shift, investors and traders closely watch these trends. Stay tuned for more updates on this developing story.