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As of September 19, 2025, gold prices across major Indian cities have shown marginal movement, holding firm amid cautious investor sentiment and global monetary policy anticipation. While prices dipped slightly from record highs seen earlier in the week, analysts suggest the yellow metal remains supported by inflationary pressures, festive demand, and geopolitical uncertainty.
The Indian Bullion and Jewellers Association (IBJA) and commodity exchanges like MCX reported consistent rates across metros, with 24-carat gold hovering around the ₹1,09,000 to ₹1,11,000 per 10 grams mark. Silver, meanwhile, continues to trade above ₹1,27,000 per kilogram, reflecting sustained industrial and investment demand.
Key Highlights From September 19 Price Trends
- 24-carat gold ranged between ₹1,09,250 and ₹1,11,160 per 10 grams across cities
- 22-carat gold traded between ₹1,00,623 and ₹1,02,190 per 10 grams
- Silver held firm above ₹1,27,000/kg in most metros, with Chennai reporting ₹1,40,900/kg
- Prices influenced by profit-booking, rupee strength, and anticipation of US Federal Reserve policy
- Year-to-date, gold has gained over 31 percent, cementing its role as a top-performing asset class
City-Wise Gold Rates (Per 10 Grams)
1. Mumbai
- 24-carat: ₹1,09,570
- 22-carat: ₹1,00,623
- Silver: ₹1,27,710/kg
2. New Delhi
- 24-carat: ₹1,09,380
- 22-carat: ₹1,00,623
- Silver: ₹1,27,932/kg
3. Kolkata
- 24-carat: ₹1,09,420
- 22-carat: ₹1,00,623
- Silver: ₹1,27,932/kg
4. Bengaluru
- 24-carat: ₹1,09,630
- 22-carat: ₹1,00,623
- Silver: ₹1,27,932/kg
5. Hyderabad
- 24-carat: ₹1,09,720
- 22-carat: ₹1,00,623
- Silver: ₹1,27,932/kg
6. Chennai
- 24-carat: ₹1,11,160
- 22-carat: ₹1,02,190
- Silver: ₹1,40,900/kg
Market Sentiment And Global Drivers
Gold prices have remained resilient despite minor corrections, driven by investor caution ahead of the US Federal Reserve’s policy signals. A firmer rupee has slightly reduced import costs, contributing to the dip from recent highs. However, the broader trend remains upward, supported by inflation concerns and festive buying in India.
Silver continues to attract interest due to its dual role as an industrial metal and a store of value. Demand from coin and bar buyers remains robust, and analysts expect further upside if global supply tightens or manufacturing demand increases.
Historical Performance And Investment Outlook
Over the past two decades, gold has appreciated by over 1,200 percent, rising from ₹7,638 in 2005 to above ₹1,00,000 in 2025. It has delivered positive returns in 16 of the last 20 years, making it a reliable hedge against inflation and currency volatility.
Silver has also shown strong resilience, gaining nearly 669 percent over the same period. With both metals outperforming equities and bonds in recent quarters, they remain attractive options for portfolio diversification.
Buying Advice For Consumers
Jewellers may add making charges, taxes, and GST to the listed bullion rates, which can significantly affect the final retail price. Buyers are advised to:
- Verify BIS Hallmark certification
- Compare prices across vendors
- Request transparent billing and weight details
- Monitor daily price movements for optimal timing
Looking Ahead
With the festive season approaching, gold and silver prices are expected to remain buoyant. While short-term dips may occur due to profit-booking or currency fluctuations, the long-term outlook remains positive. Investors and consumers alike should stay informed and consider strategic purchases as part of their financial planning.
Sources: India Bullion & Jewellers Association, NDTV, Indian Express, MSN.