Gold prices eased slightly on Thursday, September 25, marking the fourth day of Navratri. Compared to yesterday, the yellow metal became cheaper by nearly ₹600 per 10 grams across several key Indian cities, including Delhi, Lucknow, Jaipur, Noida, and Ghaziabad. Despite the decline, gold remains close to its record high levels, reflecting both domestic and international market trends.
Gold Prices Across Indian CitiesIn Delhi, the price of 24-carat gold is currently around ₹1,15,510 per 10 grams, while 22-carat gold is trading near ₹1,05,890 per 10 grams. Similar trends have been observed in other northern cities such as Noida, Ghaziabad, and Lucknow.
In Jaipur, 24-carat gold is priced at ₹1,15,510 per 10 grams, while in Patna and Bhubaneswar, the same purity is available for about ₹1,15,360 per 10 grams. Mumbai and Kolkata also reported similar rates, with 24-carat gold selling at ₹1,15,360 per 10 grams and 22-carat at ₹1,05,740 per 10 grams.
Meanwhile, in Chennai, the price of 24-carat gold is slightly higher at ₹1,15,630 per 10 grams, while 22-carat gold trades at ₹1,05,990 per 10 grams.
Here’s a snapshot of today’s rates (per 10 grams):
Delhi | 1,05,890 | 1,15,510 |
Mumbai | 1,05,740 | 1,15,360 |
Ahmedabad | 1,05,790 | 1,15,410 |
Chennai | 1,05,990 | 1,15,630 |
Kolkata | 1,05,740 | 1,15,360 |
Gurugram | 1,05,890 | 1,15,510 |
Lucknow | 1,05,890 | 1,15,510 |
Bengaluru | 1,05,890 | 1,13,510 |
Jaipur | 1,05,890 | 1,15,510 |
Patna | 1,05,740 | 1,15,360 |
Bhubaneswar | 1,05,740 | 1,15,360 |
Hyderabad | 1,05,740 | 1,15,360 |
Alongside gold, silver prices slipped by ₹100 per kilogram, with the metal now trading around ₹1,39,900 per kg. The decline in both gold and silver is largely attributed to international factors, though investor sentiment within India remains firm due to festive season demand.
Why Are Gold Prices Falling?Even though gold is trading close to its peak, today’s decline comes amid a mix of domestic and international developments. Global investors are closely watching the U.S. Federal Reserve, which recently cut interest rates by 0.25% and hinted at more reductions later this year. Lower interest rates generally weaken the U.S. dollar and bond yields, making gold and silver more attractive as safe-haven assets.
Additionally, large investors and central banks have continued to purchase gold in significant volumes, while inflows into gold-backed Exchange Traded Funds (ETFs) remain strong. These factors are helping gold sustain its position near record levels, even as daily fluctuations occur.
Outlook for Gold InvestorsExperts believe that gold prices may remain volatile in the short term, depending on inflation trends, interest rate decisions, and geopolitical conditions. However, the long-term outlook stays positive due to continued demand from central banks and global investors.
For retail buyers, especially during festive occasions like Navratri, today’s slight dip could be an opportunity to purchase gold at relatively lower prices. Still, financial advisors suggest maintaining a balanced portfolio rather than going overboard with gold investments.
Bottom Line: On the fourth day of Navratri, gold became cheaper by up to ₹600 per 10 grams across several Indian cities, while silver also witnessed a minor fall. Despite today’s dip, gold remains close to its peak, driven by global uncertainties, central bank demand, and investor interest in safe-haven assets.
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