Gold Price Today, September 30: Festive Demand Pushes Rates Higher on Maha Ashtami; Check Latest Rates in 10 Cities

Gold prices in India continued their upward rally on Monday, September 30, 2025, coinciding with the celebrations of Maha Ashtami during Sharadiya Navratri. Both domestic and global factors are driving the surge, with rates crossing new highs in several cities.

According to the latest updates, the price of 24-carat gold in Delhi has climbed to ₹116,560 per 10 grams, while 22-carat gold is trading at ₹106,860 per 10 grams. This marks yet another rise after consistent gains since Navratri began on September 22.

Why Are Gold Prices Rising?

Experts point to a mix of domestic and global reasons fueling the demand:

• Festive demand: With Navratri, Dussehra, and Diwali approaching, household demand for gold jewellery has surged.

• Global trends: The international market is also witnessing a rise in gold purchases.

• Weak equity markets: Investors are shifting from equities to safe-haven assets like gold.

• US Federal Reserve signals: Expectations of further interest rate cuts by the Fed have boosted demand for the precious metal.

• Dollar weakness: A weaker dollar is supporting stronger gold buying.

Gold Prices in Major Indian Cities (September 30, 2025)

Here’s a quick look at retail gold prices in 10 key cities:

• Delhi: ₹116,560 (24-carat), ₹106,860 (22-carat) per 10 grams

• Mumbai: ₹116,410 (24-carat), ₹106,710 (22-carat) per 10 grams

• Chennai: ₹116,410 (24-carat), ₹106,710 (22-carat) per 10 grams

• Kolkata: ₹116,410 (24-carat), ₹106,710 (22-carat) per 10 grams

• Jaipur: ₹116,560 (24-carat), ₹106,860 (22-carat) per 10 grams

• Lucknow: ₹116,560 (24-carat), ₹106,860 (22-carat) per 10 grams

• Chandigarh: ₹116,560 (24-carat), ₹106,860 (22-carat) per 10 grams

• Ahmedabad: ₹116,460 (24-carat), ₹106,760 (22-carat) per 10 grams

• Bhopal: ₹116,460 (24-carat), ₹106,760 (22-carat) per 10 grams

• Hyderabad: ₹116,410 (24-carat), ₹106,710 (22-carat) per 10 grams

Silver Prices Also Climb

Alongside gold, silver has also seen a sharp rise. On September 30, silver rates increased by ₹100, reaching ₹1,50,100 per kilogram in Delhi’s bullion market. A day earlier, on September 29, silver jumped by nearly ₹7,000 to touch a new peak of ₹1.5 lakh per kilogram.

Market Outlook

With the festive season in full swing and Diwali just weeks away, analysts expect gold demand to remain strong in India. In addition, global cues like the Fed’s monetary policy, dollar movement, and geopolitical developments will continue to influence prices.

Investors and buyers are advised to keep an eye on daily price fluctuations. While short-term volatility may persist, gold is likely to maintain its upward trend through the festive months.

Key Takeaways

• Gold prices have been rising steadily since September 22, the start of Navratri.

• On Maha Ashtami (September 30), 24-carat gold touched ₹116,560 per 10 grams in Delhi.

• Silver prices surged past ₹1.5 lakh per kilogram, marking a fresh high.

• Strong domestic demand, a weak dollar, and global economic cues are supporting the rally.