Gold and Silver Price Today (September 25): Gold prices rise by ₹210 as West Asia tensions drive global rates

Gold price rose by ₹210 to ₹76,520 per 10 grams on Wednesday, September 25, amid the precious metal trading near record high levels in global markets.

A flare up in West Asia tensions amid ongoing Israel-Hezbollah conflict has driven the yellow metal in global markets. Spot Gold in New York hit an all-time high of $2,670.52 an ounce in overnight trade. Spot Gold was quoted at $2,662.47 an ounce at 9.00 hrs in Asian trade.

According to experts, gold prices have rallied to record highs as escalating West Asia tensions have increased its safe-haven appeal. Gold prices have rallied around 28% in 2024 so far due to geopolitical tensions. Expectations of further rate cuts by the US Federal Reserve are also fueling gold rates.

Experts believe that the precious metal can hit the record $2,700 an ounce level soon if the war tensions in West Asia flare up.

Check the latest gold and silver prices across major cities today

Gold Price Today in India (September 25, 2024)

Gold prices increased by ₹210 to ₹76,520 per 10 grams in Delhi markets on Wednesday, September 25. The 24K gold traded at ₹76,520 per 10 grams while 22K gold traded at 70,160 per 10 gm.

Gold Price Today in Major Cities:

Silver Price Today in India (September 25, 2024)

Silver prices declined for the second day by ₹90 to ₹92,900 per kg on Wednesday, September 25, across major cities. The white metal moved in line with weak global trends while some demand from industrial units and coin makers also kept the metal under pressure.

Spot silver prices in global markets eased by 0.38% to $31.9745 per ounce. Experts attributed the decline to a pick up in the US dollar value against leading world currencies.

Silver Price Today in Major Cities:

Comparison of Gold and Silver Prices This Week

Gold prices have rallied this week while silver lost momentum due to weak industrial demand. Geopolitical tensions and bullish views of experts on gold are supporting the yellow metal prices this week following the US Fed rate cut.

Gold prices opened at ₹76,150 per 10 grams on Monday and inched up on Tuesday on rate cut hopes. Silver spurted on Monday but lost momentum thereafter. Silver had gained a total of ₹2,000 last week.

Here’s a comparison of gold and silver prices from earlier this week:

*Mumbai Rates