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    Gold, Silver Prices Today, September 24: Yellow Metal Falls On MCX | Check Latest Rates Today | Savings and Investments News

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    Gold Price Today, September 24: The price of 24-carat gold in Mumbai stands at Rs 1,15,370 per 10 grams, while 22k gold was available at Rs 1,05,750 per 10 grams.

    Gold Price Today, September 24.

    Gold Price Today, September 24.

    Gold and Silver Rate Today, September 24: Gold prices fell on Wednesday due to profit-booking. In Mumbai, the price of 24-carat gold stood at Rs 1,15,370 per 10 grams, while 22k gold was available at Rs 1,05,750 per 10 grams. Silver was available at Rs 1,40,000 per kg.

    On the MCX, the price of gold was trading lower by 0.31% to trade at Rs 1,13,478 per 10 grams, while silver fell by 0.22% to Rs 1,34,763 per kg in the futures market in the early trade.

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

    City 22K Gold (per 10gm) 24K Gold (per 10gm)
    Delhi Rs 1,05,900 Rs 1,15,520
    Jaipur Rs 1,05,900 Rs 1,15,520
    Ahmedabad Rs 1,05,800 Rs 1,15,420
    Pune Rs 1,05,800 Rs 1,15,420
    Mumbai Rs 1,05,750 Rs 1,15,370
    Hyderabad Rs 1,05,750 Rs 1,15,370
    Chennai Rs 1,05,750 Rs 1,15,370
    Bengaluru Rs 1,05,750 Rs 1,15,370
    Kolkata Rs 1,05,750 Rs 1,15,370

    International Gold Prices Today

    In the international market, US spot gold slipped 0.3% at $3,753.22 per ounce, as of 0224 GMT. Bullion hit a record high of $3,790.82 on Tuesday. US gold futures for December delivery fell 0.8% to $3,785.90.

    Gold is currently being influenced by overbought technical indicators leading to profit-taking and the Powell’s balanced speech, which lacked clear hints on future rate hikes, OANDA senior market analyst Kelvin Wong said, according to Reuters.

    Gold’s relative strength index (RSI) stood at 78, indicating that the metal was overbought.

    “We may see a minor dip in gold prices today. However, both medium-term and short-term trends continue to support a bullish outlook,” Wong said, as per Reuters.

    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.

    Mohammad Haris

    Mohammad Haris

    Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

    Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

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