Gold prices are soaring globally on Wednesday (September 24), continuing at the pace it has set. The prices are at an all-time high, according to Good Return, the yellow metal has dipped slightly from yesterday, the correction is mere INR 33 for 24 karat gold per gram. It is currently priced at INR 115,370 for 10 grams. Largely, the metal is showing an upward trend, and now as the festive season has begun, it is estimated to show a stark increase. Though gold is traditionally looked at as a safe investment, and it is almost customary to buy the yellow metal during auspicious occasions. It’s a sign of prosperity and also has a never-diminishing value and rate.&nbsp;&nbsp;On September 16, gold was at INR 111,930 and is already reaching for the sky. The prices are only estimated to trail further hereon. WION had spoken to an expert, who confidently mentioned that by the year's end and through the festival season, prices would only continue to rise. And that’s the route the metal has taken. He had estimated by December, or maybe slightly earlier, the price tag would read INR 125,000.&nbsp;Also read: <a href="https://www.wionews.com/world/china-shanghai-gets-first-gold-atm-in-the-world-people-rush-to-sell-generational-gold-is-india-next-8984351">Shanghai installs world's 1st 'gold ATM', people rush to sell generational jewellery. Is India next?</a> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp;Gold prices are steadily rising, Chetan Bagrecha, Director, Nikita Jewellers, said, "Gold prices have been peaking for over six to eight months now, and that too without any correction. It has been showing a steep rise, and from we are predicting it will go up to INR 122,000 to 125,000 by year-end.”&nbsp;“The wars around the globe and the US tariffs have heavily impacted the prices, and one may not see respite in the near future,” he added.&nbsp;The demand for silver is increasing, and with that, the prices will also surge much higher. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;

Gold prices in India have been rising and it is estimated to go up to INR Rs 125,000 by December. In the last six to eight months it has only shown a steady growth.

Gold prices are soaring globally on Wednesday (September 24), continuing at the pace it has set. The prices are at an all-time high, according to Good Return, the yellow metal has dipped slightly from yesterday, the correction is mere INR 33 for 24 karat gold per gram. It is currently priced at INR 115,370 for 10 grams. Largely, the metal is showing an upward trend, and now as the festive season has begun, it is estimated to show a stark increase. Though gold is traditionally looked at as a safe investment, and it is almost customary to buy the yellow metal during auspicious occasions. It’s a sign of prosperity and also has a never-diminishing value and rate. On September 16, gold was at INR 111,930 and is already reaching for the sky. The prices are only estimated to trail further hereon. WION had spoken to an expert, who confidently mentioned that by the year's end and through the festival season, prices would only continue to rise. And that’s the route the metal has taken. He had estimated by December, or maybe slightly earlier, the price tag would read INR 125,000. Also read: Shanghai installs world's 1st 'gold ATM', people rush to sell generational jewellery. Is India next? Gold prices are steadily rising, Chetan Bagrecha, Director, Nikita Jewellers, said, "Gold prices have been peaking for over six to eight months now, and that too without any correction. It has been showing a steep rise, and from we are predicting it will go up to INR 122,000 to 125,000 by year-end.” “The wars around the globe and the US tariffs have heavily impacted the prices, and one may not see respite in the near future,” he added. The demand for silver is increasing, and with that, the prices will also surge much higher.

Gold prices in India have been rising and it is estimated to go up to INR Rs 125,000 by December. In the last six to eight months it has only shown a steady growth.

Gold prices are reaching for the sky as India begins festive shopping

The gold and silver rates declined on the MCX because of the rise in the US dollar after the US Federal Reserve cut the federal funding rate by 25 bps. MCX Gold October futures were 0.42 per cent down at Rs 1,09,362 per 10 grams around on Wednesday morning. Silver was down 0.46 per cent at Rs 1,26,403 per kilogram.&nbsp;The US Federal Reserve has hinted that two more rate cuts will take place by the end of this year. Following the rate cut, the dollar index rose by over 0.20 per cent.&nbsp;On Wednesday, gold prices fell nearly 1 per cent. Spot gold was down 0.9% at $3,658.25 per ounce, as of 3:11 pm EDT (1911 GMT), after hitting a record high of $3,707.40, reported Reuters. The dip came after gold prices rose six per cent this month.&nbsp;Tai Wong, an independent metals trader, said that the short-term uptrend in gold may remain intact.&nbsp;Gold often gains appeal when interest rates fall, as lower yields reduce the opportunity cost of holding the non-yielding asset, according to Reuters.&nbsp;Gold is considered a safety net against financial uncertainties. Amid geopolitical tensions and tariff wars, gold has surged 39 per cent this year.&nbsp;Deutsche Bank has forecast that gold prices can remain at a high of $4,000 per ounce next year.<h2>Should you buy gold?</h2>Experts say investors can keep buying gold.&nbsp;Anuj Gupta, a SEBI-registered commodity expert, told Mint that the long-term trend of gold and silver will remain positive. "We recommend buying on dips only, not on the current levels," he added. He said that gold prices may be positively impacted in the long term.&nbsp;Manoj Kumar Jain of Prithvifinmart Commodity Research told Mint that the gold and silver prices may remain volatile this week.

The gold and silver rates declined on the MCX because of the rise in the US dollar after the US Federal Reserve cut the federal funding rate by 25 bps. 

The gold and silver rates declined on the MCX because of the rise in the US dollar after the US Federal Reserve cut the federal funding rate by 25 bps. MCX Gold October futures were 0.42 per cent down at Rs 1,09,362 per 10 grams around on Wednesday morning. Silver was down 0.46 per cent at Rs 1,26,403 per kilogram. The US Federal Reserve has hinted that two more rate cuts will take place by the end of this year. Following the rate cut, the dollar index rose by over 0.20 per cent. On Wednesday, gold prices fell nearly 1 per cent. Spot gold was down 0.9% at $3,658.25 per ounce, as of 3:11 pm EDT (1911 GMT), after hitting a record high of $3,707.40, reported Reuters. The dip came after gold prices rose six per cent this month. Tai Wong, an independent metals trader, said that the short-term uptrend in gold may remain intact. Gold often gains appeal when interest rates fall, as lower yields reduce the opportunity cost of holding the non-yielding asset, according to Reuters. Gold is considered a safety net against financial uncertainties. Amid geopolitical tensions and tariff wars, gold has surged 39 per cent this year. Deutsche Bank has forecast that gold prices can remain at a high of $4,000 per ounce next year. Should you buy gold? Experts say investors can keep buying gold. Anuj Gupta, a SEBI-registered commodity expert, told Mint that the long-term trend of gold and silver will remain positive. "We recommend buying on dips only, not on the current levels," he added. He said that gold prices may be positively impacted in the long term. Manoj Kumar Jain of Prithvifinmart Commodity Research told Mint that the gold and silver prices may remain volatile this week.

Gold, silver prices news: The US Federal Reserve has hinted that two more rate cuts will take place by the end of this year.

Gold, silver prices decline after US federal rate cut: Should you buy?

Gold continues to glitter across the world amid rising geopolitical uncertainties. But its significance in India is beyond it being a 'safe-haven asset'. The yellow metal is considered sacred to Indian households. Gold is a key feature in every major festival and tradition in the country. Akshaya Tritiya is one such tradition, a day considered auspicious to buy gold. But what happens when tradition meets high prices?
Gold has been on a record climb in the last 2 years. The prices have surged beyond $3500 per dollar, and are looking to break the 1,00,000 lakh rupees in India. This time coincides with rising tensions across multiple borders and declining consumption patterns. But, Industry jitters around buying trends subsided as the auspicious day ended with a 35 per cent surge in sales compared to last year. Total precious metal sales, across Gold and Silver, touched $1.8 billion, according to the Confederation of All India Traders.&nbsp;
<h2 class="MsoNormal">Gold glitters in India<o:p></o:p></h2>
Despite record-high prices, consumers flocked to stores, driven by religious sentiment, wedding demand, and tradition. Gold prices touched 97,500 rupees per 10 grams, while silver peaked at 98,000 rupees per kilogram, among the highest ever.<o:p></o:p>
However, a mid-day dip maintained consumer interest. The All-India Gem and Jewellery Council estimates gold sales at 20 tonnes &mdash; flat year-on-year in volume &mdash; but up 35 per cent in value terms.<o:p></o:p>
Jewellers also reported that 50 per cent of purchases were financed by exchanging old gold, reflecting price sensitivity. Footfalls were higher in southern India early in the day, with activity picking up in Maharashtra and the north later.<o:p></o:p>
Younger consumers aged 25 to 40 were active buyers, purchasing jewellery, coins, and bars within budget limits. Retailers noted increased demand for lab-grown diamonds and studded jewellery.<o:p></o:p>
Despite affordability pressures, experts say gold demand has remained resilient, with India importing 700&ndash;800 tonnes annually &mdash; a trend that shows no signs of slowing.<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: According to the Confederation of All India Traders, gold jewellery and related items accounted for 1.4 billion dollars, while the silver trade added the rest.

Gold continues to glitter across the world amid rising geopolitical uncertainties. But its significance in India is beyond it being a 'safe-haven asset'. The yellow metal is considered sacred to Indian households. Gold is a key feature in every major festival and tradition in the country. Akshaya Tritiya is one such tradition, a day considered auspicious to buy gold. But what happens when tradition meets high prices? Gold has been on a record climb in the last 2 years. The prices have surged beyond $3500 per dollar, and are looking to break the 1,00,000 lakh rupees in India. This time coincides with rising tensions across multiple borders and declining consumption patterns. But, Industry jitters around buying trends subsided as the auspicious day ended with a 35 per cent surge in sales compared to last year. Total precious metal sales, across Gold and Silver, touched $1.8 billion, according to the Confederation of All India Traders. Gold glitters in India Despite record-high prices, consumers flocked to stores, driven by religious sentiment, wedding demand, and tradition. Gold prices touched 97,500 rupees per 10 grams, while silver peaked at 98,000 rupees per kilogram, among the highest ever. However, a mid-day dip maintained consumer interest. The All-India Gem and Jewellery Council estimates gold sales at 20 tonnes — flat year-on-year in volume — but up 35 per cent in value terms. Jewellers also reported that 50 per cent of purchases were financed by exchanging old gold, reflecting price sensitivity. Footfalls were higher in southern India early in the day, with activity picking up in Maharashtra and the north later. Younger consumers aged 25 to 40 were active buyers, purchasing jewellery, coins, and bars within budget limits. Retailers noted increased demand for lab-grown diamonds and studded jewellery. Despite affordability pressures, experts say gold demand has remained resilient, with India importing 700–800 tonnes annually — a trend that shows no signs of slowing. (With inputs from the agencies)

Gold and silver sales hit $1.8 billion on Akshaya Tritiya despite record prices

A video showing hundreds of priests counting piles of cash inside a temple in India has stunned netizens. Devotees' offerings crossed $400,000 over a month, with thousands of devotees having thronged the temple to celebrate the birth anniversary of Raghavendra Swamy, a revered 16th-century saint and philosopher. Watch in for more details!

Karnataka temple receives ₹3 crore in donations in 30 days

gold-and-silver

Gold And Silver, News on Gold And Silver, stories on Gold And Silver, articles on Gold And Silver, Gold And Silver stories at Wion, Gold And Silver news, Gold And Silver latest news

gold and-silver

Gold prices are reaching for the sky as India begins festive shopping

Gold, silver prices decline after US federal rate cut: Should you buy?

Gold and silver sales hit $1.8 billion on Akshaya Tritiya despite record prices

Karnataka temple receives ₹3 crore in donations in 30 days