Gold & Silver Prices Today, September 15: Gold prices fell on Monday, as investors awaited a widely expected rate cut by the US Federal Reserve this week, with profit-taking keeping gains in check. In
Mumbai, the price of 24-carat gold stood at Rs 1,11,060 per 10 grams, while 22k gold was available at Rs 1,01,800 per 10 grams. Silver was available at Rs 1,32,900 per kg.
On the MCX, the price of gold was trading marginally lower by 0.06% to trade at Rs 1,09,302 per 10 grams, whereas silver rose slightly by 0.09% to Rs 1,28,959 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 13?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,01,950 | Rs 1,11,210 |
| Jaipur | Rs 1,01,950 | Rs 1,11,210 |
| Ahmedabad | Rs 1,01,850 | Rs 1,11,110 |
| Patna | Rs 1,01,850 | Rs 1,11,110 |
| Mumbai | Rs 1,01,800 | Rs 1,11,060 |
| Hyderabad | Rs 1,01,800 | Rs 1,11,060 |
| Chennai | Rs 1,01,800 | Rs 1,11,060 |
| Bengaluru | Rs 1,01,800 | Rs 1,11,060 |
| Kolkata | Rs 1,01,800 | Rs 1,11,060 |
International Gold Prices Today
US spot gold was up 0.1% at $3,644.98 per ounce, as of 0349 GMT. Bullion climbed about 1.6% last week, reaching a record high of $3,673.95 on Tuesday. US gold futures for December delivery were down 0.1% at $3,682.62.
“The bullish outlook remains in place; however, a period of consolidation or a minor pullback would arguably be a healthy outcome that supports gold’s ambitions for hitting loftier price targets down the road,” 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.
