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Gold Rate Today On Wednesday, gold prices in India moved higher, while silver slipped marginally in the commodity markets. The surge in gold comes on the back of international cues, though some profit booking has capped further gains.

Gold Prices Jump Across India

As of September 17, 2025, gold prices in India recorded a sharp rise. The price of 22-carat gold crossed ₹1,02,500 per 10 grams, while 24-carat gold traded above ₹1,11,800 per 10 grams, marking an increase of up to ₹600 compared to the previous session.

The upward momentum is largely supported by global factors, including expectations of a rate cut by the US Federal Reserve and a weakening dollar. This has pushed gold closer to its peak levels, raising the question for investors—should they book profits now or continue to hold?

Silver Prices Decline

Unlike gold, silver prices slipped in domestic markets. On Wednesday, silver was trading at ₹1,32,000 per kilogram, around ₹2,000 lower than Tuesday’s levels.

On the Multi Commodity Exchange (MCX), silver futures dropped 1.02% to trade near ₹1,27,503 per kilogram, reflecting weak demand in the short term.

Gold and Silver on MCX

The MCX also reflected mixed sentiment in precious metals trading. Gold futures slipped 0.23%, settling at ₹1,09,900 per 10 grams. Despite the dip, gold remains close to its record highs, supported by strong international cues.

Global Market Trends

In the international market, gold showed slight weakness after touching historic highs earlier in the week. US spot gold declined 0.2% to $3,681.23 per ounce, while on Tuesday it had surged to a record $3,702.95 per ounce. Similarly, US gold futures for December delivery slipped 0.2% to $3,718.90 per ounce.

Experts noted that gold’s rally beyond $3,700 was driven by a softer dollar and market expectations that the Federal Reserve may cut interest rates by the end of the year. However, mild profit booking has led to a temporary pullback. If the Fed maintains a dovish stance, analysts believe gold could test new record highs again.

Gold Price in Major Indian Cities (September 17, 2025)

Why Do Gold Prices Change Daily in India?

Gold rates in India are influenced by multiple factors, including:

• International gold prices – Global trends directly affect Indian markets.

• Import duty and local taxes – Since India imports most of its gold, import costs play a major role.

• Rupee-dollar exchange rate – A weaker rupee against the dollar makes gold imports costlier.

• Seasonal demand – Weddings, festivals, and cultural traditions boost gold buying.

This is why gold rates differ slightly from city to city and change almost daily.

Expert Outlook

Market analysts suggest that gold remains an attractive asset for investors in times of global uncertainty. However, they caution retail buyers against chasing the rally blindly. Those planning to purchase gold for long-term investment may benefit from gradual buying instead of large purchases at record highs.

Silver, meanwhile, is expected to remain volatile due to its industrial demand and global supply factors.

Bottom Line

On September 17, 2025, gold prices in India surged by up to ₹600 per 10 grams, while silver slipped ₹2,000 per kilogram. With international gold trading just below record levels, the market is watching closely for the US Fed’s next move. A dovish monetary policy could send gold to fresh highs, making it a crucial time for investors to decide whether to hold or sell.