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Gold, Silver Prices Today, September 22: Yellow Metal Rises On MCX | Check Latest Rates Today

By Mohammad Haris,News18

Copyright news18

Gold, Silver Prices Today, September 22: Yellow Metal Rises On MCX | Check Latest Rates Today

Gold and Silver Rate Today, September 22: Gold prices rose on Friday. In Mumbai, the price of 24-carat gold stood at Rs 1,12,580 per 10 grams, while 22k gold was available at Rs 1,03,200 per 10 grams. Silver was available at Rs 1,38,000 per kg.
On the MCX, the price of gold was trading higher by 0.68% to trade at Rs 1,10,597 per 10 grams, while silver rose by 1.72% to Rs 1,32,070 per kg in the futures market in the early trade.
Manav Modi, analyst (precious metal-research) at Motilal Oswal Financial Services Ltd, said, “Bullion prices maintained strong bullish momentum last week, posting fresh record highs. Gold registered its fifth consecutive weekly rise, closing above the crucial $3,700 mark, while silver notched a seventh straight weekly advance, ending above $43. This resilience came despite the recovery in the dollar index and U.S. bond yields. The Fed’s decision to trim rates by 25 bps, coupled with dovish guidance, reinforced market confidence. Meanwhile, persistent central bank purchases, led by China, highlighted ongoing demand amid global uncertainty”
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On September 22?

22K Gold (per 10gm)
24K Gold (per 10gm)

Rs 1,03,350
Rs 1,12,730

Rs 1,03,350
Rs 1,12,730

Rs 1,03,250
Rs 1,12,630

Rs 1,03,250
Rs 1,12,630

Rs 1,03,200
Rs 1,12,580

Rs 1,03,200
Rs 1,12,580

Rs 1,03,200
Rs 1,12,580

Rs 1,03,200
Rs 1,12,580

Rs 1,03,200
Rs 1,12,580

International Gold Prices Today
In the international market, US spot gold edged up 0.1% to $3,688.76 per ounce by 0217 GMT. Bullion hit a record high of $3,707.40 on Wednesday. US gold futures for December delivery climbed 0.5% to $3,723.70.
“Gold is back on the doorstep of the $3,700 level and new high watermarks could be hit this week if US macro data continues to support the dovish Fed narrative,” KCM Trade Chief Market Analyst Tim Waterer said, according to Reuters.
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.