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Gold Rate Update (10 September 2025): On Wednesday, gold prices in India witnessed a strong upward movement, pushing 22-carat gold rates beyond the crucial ₹1,00,000 mark. In major cities such as Delhi, Mumbai, and other key states, the yellow metal traded well above ₹1,10,000 per 10 grams. Meanwhile, silver remained stable with no significant price change.

Silver Prices Hold Steady

Unlike gold, silver prices showed little movement today. The white metal was trading flat at around ₹1,30,000 per kilogram on September 10, 2025.

Why Gold Prices Are Rising

The sharp rally in gold is being driven by multiple global factors:

Weak U.S. Job Data:
Fresh employment figures from the United States came in weaker than expected. This has strengthened market expectations that the U.S. Federal Reserve may soon cut interest rates. A reduction in rates lowers the returns on fixed-income investments such as bonds and bank deposits, prompting investors to shift towards gold as a safer alternative.

Dollar Weakness:
The U.S. Dollar Index fell 0.17% to 97.29, making gold more affordable for buyers holding other currencies. A weaker dollar typically boosts international demand for gold, adding further upward momentum to prices.

Global Economic Uncertainty:
Heightened concerns over global economic stability are also fueling safe-haven demand. Investors see gold as a secure hedge against financial risks and currency volatility.

These combined factors have pushed gold prices to historic highs in both domestic and international markets.

Gold Rates on 10 September 2025 (Major Cities) City 22-Carat Gold Price (₹) 24-Carat Gold Price (₹)

Delhi	1,01,450	1,10,660
Mumbai	1,01,130	1,10,730
Chennai	1,01,130	1,10,730
Kolkata	1,01,130	1,10,730
Jaipur	1,01,450	1,10,660
Noida	1,01,450	1,10,660
Ghaziabad	1,01,450	1,10,660
Lucknow	1,01,450	1,10,660
Bengaluru	1,01,130	1,10,730
Patna	1,01,130	1,10,730

How Are Gold Prices Determined in India?

Gold rates in India do not move in isolation but are influenced by a combination of global and domestic factors, including:

• International market trends

• Import duties and government taxes

• Dollar to rupee exchange rate

• Global inflation and interest rate outlook

In India, gold holds deep cultural significance. Beyond being a preferred metal for jewelry, it is also considered a safe form of savings and a reliable investment option. Demand typically spikes during weddings, festivals, and auspicious occasions, further impacting daily price fluctuations.

Key Takeaway

On 10 September 2025, gold prices in India surged past the ₹1 lakh milestone for 22-carat gold, with 24-carat gold trading above ₹1.10 lakh across major cities. While silver stayed steady at ₹1.30 lakh per kg, the strong momentum in gold is expected to continue in the near term, especially with global economic uncertainties and dollar weakness favoring the precious metal.

For consumers, this means costlier jewelry purchases ahead of the festive season, while investors may continue to view gold as a stable and profitable safe-haven asset.

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