Gold, Silver Prices Today, September 19: Yellow Metal Rises On MCX | Check Latest Rates Today

Gold and Silver Rate Today, September 19: Gold prices rose on Friday. In Mumbai, the price of 24-carat gold stood at Rs 1,11,330 per 10 grams, while 22k gold was available at Rs 1,02,050 per 10 grams. Silver was available at Rs 1,31,000 per kg.

On the MCX, the price of gold was trading higher by 0.44% to trade at Rs 1,09,533 per 10 grams, while silver rose by 1.31% to Rs 1,28,800 per kg in the futures market in the early trade.

Manav Modi, analyst (precious metal-research) at Motilal Oswal Financial Services Ltd, said, “Gold price witnessed high swings, as after recording some profit booking, a quick recovery was seen in the second half of the previous session. The US Fed resumed rate cuts and opened the door to further easing, but tempered its

message with warnings of sticky inflation, sowing doubt over the pace of future easing.”

Fed Chair Jerome Powell characterised policy action as a risk-management cut in response to the weakening labour market and said the central bank was in a “meeting-by-meeting situation” regarding the rate outlook. ‘Dot plot’ showed that there was no change in rate cut probability in 2026 and 2027, while growth forecast was also increased keeping the market on the edge regarding the monetary policy ahead. On the data front, the number of Americans filing new applications for unemployment benefits fell last week, data showed, but the labour market has softened as demand for and supply of workers have diminished, he added.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On September 19?

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	Rs 1,02,200	Rs 1,11,480
Jaipur	Rs 1,02,200	Rs 1,11,480
Ahmedabad	Rs 1,02,100	Rs 1,11,380
Pune	Rs 1,02,050	Rs 1,11,330
Mumbai	Rs 1,02,050	Rs 1,11,330
Hyderabad	Rs 1,02,050	Rs 1,11,330
Chennai	Rs 1,02,050	Rs 1,11,330
Bengaluru	Rs 1,02,050	Rs 1,11,330
Kolkata	Rs 1,02,050	Rs 1,11,330

International Gold Prices Today

In the international market, US spot gold was little changed at $3,646.23 per ounce as of 0311 GMT. Bullion had hit a record high of $3,707.40 on Wednesday. US gold futures for December delivery were also flat at $3,678.90.

“Sentiment is still bullish but has definitely cooled off a bit. Basically, the Fed didn’t really deliver with the dovish guidance needed for gold to push higher,” Capital.com analyst Kyle Rodda said, according to Reuters. “The forecast of only one cut in 2026 was above market pricing and has had the effect of pushing up yields and the dollar,” Rodda added.

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.