Gold Prices Rise Rs 1,400, Silver Hits Record High; City-Wise Rates For Sept 30 | Savings and Investments News


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Gold Price Today: Gold surged over Rs 1400 across India with 24k at Rs 1,18,310 per 10g in Mumbai. Silver hit Rs 1,51,000 per kg.

Gold and silver at record highs on September 30 amid rising demand due to festival seasons.

Gold and silver at record highs on September 30 amid rising demand due to festival seasons.

Gold and Silver Rates Today, September 30: Gold prices on Tuesday surged over Rs 1400 across India, strengthening the upward momentum amid global uncertainty and festival demand. In Mumbai, the price of 24-carat gold stood at Rs 1,18,310 per 10 grams, while 22k gold was available at Rs 1,08,450 per 10 grams. Silver also jumped Rs 1000 to touch the record high of Rs 1,51,000 per kg.

On the MCX, gold futures expiring on December 05, 2025, was trading higher by 0.97% to trade at Rs 1,17,484 per 10 grams, whereas silver futures expiring on December 05, 2025, rose 0.58% to Rs 1,43,980 per kg.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On September 30?

City 22K Gold (per 10gm) 24K Gold (per 10gm)
Delhi Rs 1,08,600 Rs 1,18,460
Jaipur Rs 1,08,600 Rs 1,18,460
Ahmedabad Rs 1,08,500 Rs 1,18,360
Pune Rs 1,08,500 Rs 1,18,360
Mumbai Rs 1,08,450 Rs 1,18,310
Hyderabad Rs 1,08,450 Rs 1,18,310
Chennai Rs 1,08,450 Rs 1,18,310
Bengaluru Rs 1,08,450 Rs 1,18,310
Kolkata Rs 1,08,450 Rs 1,18,310

International Gold Prices Today

In the international market, US spot gold gained almost 1% to $3,862.21 per ounce as of 9:45 IST. US gold futures for December delivery were unchanged at $3,771.30.

Silver also gained 0.30% to trade at USD 47 per ounce.

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.

Varun Yadav

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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