By Mohammad Haris,News18
Copyright news18
Gold and Silver Rates Today, September 26: Gold prices on Friday remained flat. In Mumbai, the price of 24-carat gold stood at Rs 1,14,800 per 10 grams, while 22k gold was available at Rs 1,05,300 per 10 grams. Silver was available at Rs 1,43,000 per kg.
On the MCX, the price of gold was trading slightly higher by 0.06% to trade at Rs 1,13,943 per 10 grams, whereas silver rose 0.08% to Rs 1,36,950 per kg in the futures market in the early trade.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On September 26?
22K Gold (per 10gm)
24K Gold (per 10gm)
Rs 1,05,450
Rs 1,15,030
Rs 1,05,450
Rs 1,15,030
Rs 1,05,350
Rs 1,14,430
Rs 1,05,350
Rs 1,14,430
Rs 1,05,300
Rs 1,14,800
Rs 1,05,300
Rs 1,14,800
Rs 1,05,300
Rs 1,14,800
Rs 1,05,300
Rs 1,14,800
Rs 1,05,300
Rs 1,14,800
International Gold Prices Today
In the international market, US spot gold declined 0.2% to $3,741.21 per ounce as of 0147 GMT, though the metal was up 1.6% so far this week. US gold futures for December delivery were unchanged at $3,771.30.
The US dollar index hovered near a three-week high, making greenback-priced bullion more expensive for overseas buyers.
“The return to form of the dollar stands as a potential obstacle between gold and its aspirations for the $3,800 level,” said KCM Trade Chief Market Analyst Tim Waterer, adding US President Donald Trump’s latest tariff announcement could limit any immediate downside for gold, according to Reuters.
Trump on Thursday unleashed a fresh round of punishing tariffs on a broad range of imported goods starting October 1.
Meanwhile, data released on Thursday showed weekly US jobless claims declined. The second-quarter GDP grew faster than estimated on strong consumer spending and business investment.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Silver Price Prediction 2025: ‘Precious Metal May Hit Rs 1.5 Lakh In 12 Months’
Silver could climb to as high as Rs 1.5 lakh per kg in the next 12 months, buoyed by strong industrial demand, safe-haven buying, and a weaker dollar, according to a quarterly outlook by Motilal Oswal Financial Services (MOFSL).
The brokerage said silver has already delivered nearly 37% returns year-to-date on MCX, outpacing several other asset classes. Globally, it expects Comex silver futures to advance towards $45 per ounce initially and touch $50 per ounce in the next phase of the rally.
“After achieving our earlier targets, we continue to believe silver remains poised for further upside. We expect prices to gradually move towards Rs 1,35,000 per kg in six months and then Rs 1,50,000 per kg in 12 months on the domestic front, assuming the rupee trades around 88.5 against the US dollar,” the report said.
