Gold Price Today: A break in the continuously rising price of gold has been put on hold. Find out the latest rate in your city today, September 25th.
Gold Price: Silver is selling at Rs. 1,33,950 per kilogram in India today. A day earlier, on Wednesday, its price was Rs. 1,34,990 per kilogram. It is worth noting that 24-carat gold is purchased only for investment purposes.
Gold Price Today: Amidst increased demand due to the festive season, gold prices have skyrocketed. Gold has already surpassed its all-time high of Rs. 1,14,000 per 10 grams. However, on Thursday, gold's momentum was halted, and it saw a decline.
According to the Indian Bullion Association, gold is selling at Rs. 1,13,120 per 10 grams in India today, September 25th. A day earlier, on Thursday, its price was Rs. 1,14,360 per 10 grams.
Why is the price of gold rising?
According to market experts, investors are flocking to gold due to the potential interest rate cut by the US Fed. Amit Gupta, Senior Research Analyst, Equity and Commodity, Kedia Advisory, says that expectations of a US interest rate cut and Governor Stephen Mirran's warnings on job market risks and policy have further fueled gold demand. Furthermore, geopolitical tensions and economic uncertainties have also pushed gold to an all-time high.
Latest Prices in Your City:
Gold Prices in Your City (Rs. per 10 grams)
Delhi: 1,12,720
Mumbai: 1,12,910
Bengaluru: 1,13,000
Kolkata: 1,12,760
Chennai: 1,13,240 (highest)
Silver Prices
Silver is being sold at ₹1,33,950 per kilogram in India today. A day earlier, on Wednesday, its price was ₹1,34,990 per kilogram. It's worth noting that 24-carat gold is purchased solely for investment purposes, while 22-carat and 18-carat gold is used for jewelry making.
Gold and silver rates are determined daily, and many factors influence this. In India, gold is not only an investment, but also linked to tradition and cultural beliefs. Buying gold during weddings, festivals, and auspicious occasions is considered auspicious. This drives high demand and influences prices.
Gold has long been a hedge against inflation. When inflation rises or the stock market is risky, people prefer to invest in gold. This is why its demand and price remain stable. Most of India's gold is imported, and therefore, customs duties, GST, and other local taxes influence gold prices.
