Gold and Silver Price Today (September 26): Gold prices breach ₹77,000 per 10 gm level for first time

Gold prices rallied to ₹660 on Thursday, September 26, to breach the ₹77,000 per 10 grams level for the first time, supported by geopolitical concerns and range-bound US bond yields.

The precious metal hit a fresh record high of $2,670 per ounce in global markets, inching towards the record $2,700 an ounce level on optimism about the metal in the near future.

Supported by expectations of more Fed rate cuts in the coming months and the war in West Asia, experts believe the precious metal will surpass the record $2,700 mark in the coming days. US bond yields have also moved in range, supporting non-yielding assets like gold.

Spot Gold was trading up 0.18% at $2,661.81 an ounce in early Asian trade.

Following the uptrend, gold prices gained up to ₹660 in the local markets in India ahead of the festive season.

Gold Price Today in India (September 26, 2024)

In Delhi markets, 24K gold prices jumped ₹660 to ₹77,180 per 10 grams, while 22K gold prices gained ₹600 to hit ₹70,760 per 10 grams.

Below is a detailed breakdown of gold prices across key cities:

Silver Price Today in India (September 26, 2024)

Silver prices in Delhi rose sharply ₹2,200 per kg to trade above ₹95,100 following positive global cues and demand from industrial units. On Wednesday, the white metal hit a record high of $32.51 per ounce in global markets, triggering an uptrend in the local markets.

Strong demand from industrial units and coin makers ahead of the festive season also supported silver prices.

Silver Price Today in Major Cities:

Comparison of Gold and Silver Prices This Week

Gold prices have gained for four consecutive days this week, trading at all-time high levels in global markets amid fears of a flare-up in geopolitical tensions. Silver has traded mixed in domestic markets, driven by local factors. While the white metal witnessed gains in Delhi and Kolkata markets, it lost momentum in Mumbai.

Silver prices eased by ₹ 200 per kg in Mumbai on Thursday, while the metal saw sharp gains in Delhi and Kolkata.

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

*Mumbai Rates