Gold Price Today, September 26: Yellow Metal Remains Flat On MCX; Check Rates In Your City | Savings and Investments News

International Gold Prices Today

In the international market, US spot gold declined 0.2% to $3,741.21 per ounce as of 0147 GMT, though the metal was up 1.6% so far this week. US gold futures for December delivery were unchanged at $3,771.30.

The US dollar index hovered near a three-week high, making greenback-priced bullion more expensive for overseas buyers.

“The return to form of the dollar stands as a potential obstacle between gold and its aspirations for the $3,800 level,” said KCM Trade Chief Market Analyst Tim Waterer, adding US President Donald Trump’s latest tariff announcement could limit any immediate downside for gold, according to Reuters.

Trump on Thursday unleashed a fresh round of punishing tariffs on a broad range of imported goods starting October 1.

Meanwhile, data released on Thursday showed weekly US jobless claims declined. The second-quarter GDP grew faster than estimated on strong consumer spending and business investment.

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.