Gold Rate In India on Sept 19 Surges To Peak Level Again: 24/100g Gold Spikes By Rs. 1600; Check Today's Rate

Gold prices in India Today is shining bright with a jump after multiple drops seen this week. With the gold rate in India hovering close to its record-high level, many buyers are sceptical of making fresh purchases, as the rising prices are putting pressure on household budgets. However, festive demand is also contributing to the recent rise in prices.

In the international gold market, prices slipped slightly and are currently trading near $3,600 per ounce. The decline came as the US dollar strengthened and US Treasury yields moved higher. Adding to the pressure, the US Federal Reserve warned about sticky inflation, which has created uncertainty over the timeline of future interest rate cuts.

Gold prices in India today

On 19th September, 24-carat gold rates in India stood at Rs. 111,330 per 10 grams with a rise of Rs. 160, whereas the 22-carat gold rates rose by Rs. 150 to cost Rs. 102,050. In a similar line, the 18-carat gold rates in India are now expensive and cost Rs. 83,500 after spiking by Rs. 120.

Just like that, 100 grams of 24-carat gold retails at Rs. 1,113,300 with a rise of Rs. 1,600, 22-carat gold per 100 g retails at Rs. 1,020,500 with a jump of Rs. 1,500, and 18-carat gold per 100 grams spiked by Rs. 1,200 to retail at Rs. 835,000.

Silver Prices in India Today

On the contrary, silver rates in India slipped today by Rs. 1100 per kg and currently retail at Rs. 133,700. Similarly, 100 grams of silver is currently retailing at Rs. 13,700.

MCX Gold and Silver Futures Update

Gold futures on the Multi Commodity Exchange (MCX), set to be delivered on October 3rd, 2025, jumped by 0.49% and are currently priced at Rs. 109,590 per 10 grams. Meanwhile, silver futures, with a delivery date of December 5th, are trading higher by 1.30% at Rs. 128,779.

Spot Gold & Spot Silver Prices in the International Market Today

According to KITCO, spot gold is currently trading around $3660.10 per ounce, up 0.40% from the previous close. Meanwhile, spot silver is priced at $42.27 per ounce after rising 0.54%.

"Spot Gold is likely to correct further towards the $3600 level on a strong dollar and a rise in U.S. Treasury yields across the curve. The dollar and yield may move further north as the US Fed delivered the expected rate cut but warned on sticky inflation, seeding doubts over the pace of future policy easing. US Fed Chair Powell's statements signalled that the central bank is in no hurry to lower borrowing costs quickly in the coming months." as per ICICI Direct.

Market Insight on Gold Prices

"Recent data reveals that gold in India has declined from its record highs, with 24-karat gold priced at Rs. 110,167 per 10 grams. Analysts note that given the previous steep increases, a small retracement occurred, mainly due to profit-booking in anticipation of probable policy changes from the U.S. Federal Reserve, along with a slightly firmer rupee reducing the cost of imports. Nonetheless, the trend is still up: demand is still driven by increased buying over festivals, inflation, and geopolitical insecurity that maintains appeal for gold as a safe haven. Analysts believe that while dips are possible in the short term, gold is likely to hold onto supportive levels at, or about, where it is currently at and has the potential to recover momentum if global interest rates decline or inflation remains stubbornly stuck." said Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures

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