Gold price again rise today: Check latest rates in your city

Gold price: Gold is traditionally seen as a “safe-haven” asset. The gold price in India has shown an upward trend today, Monday, September 29, 2025. Gold price again rise today: Check latest rates in your city

Here are the indicative gold rates (excluding GST, TCS, and other levies) for major Indian cities for 1 gram:

24K Gold Rate Today (per gram) and 22K Gold Rate Today (per gram):

Chennai – Rs 11,673 – Rs 10,700

Delhi – Rs 11,655 – Rs 10,685

Mumbai – Rs 11,640 – Rs 10,670

Kolkata – Rs 11,640 – Rs 10,670

Bangalore – Rs 11,640 –Rs 10,670

Hyderabad – Rs 11,640, Rs 10,670

Pune – Rs 11,640 – Rs  10,670

National Average Price Change (Approximate) Across India, the indicative price for 1 gram of gold generally saw an increase compared to yesterday:

24 Karat Gold (99.9% Purity): Rs 11,640 (Up by approximately Rs 92 from yesterday)

22 Karat Gold (91.6% Purity): Rs 10,670 (Up by approximately Rs 85 from yesterday)

The price of gold is influenced by a complex interplay of global and local factors. Here are the main drivers:

1. Global Economic Uncertainty & Safe-Haven Demand:

Crises and Instability: Gold is traditionally seen as a “safe-haven” asset. During periods of economic recession, market volatility, geopolitical conflicts, or political instability, investors often flock to gold to preserve capital, driving the price up.

2. Interest Rates and Monetary Policy:

Inverse Relationship: Gold generally has an inverse relationship with interest rates. Since gold is a non-yielding asset (it doesn’t pay interest or dividends), when central banks (like the U.S. Federal Reserve) raise interest rates, traditional interest-bearing assets like bonds become more attractive. This increases the “opportunity cost” of holding gold, often putting downward pressure on its price.

Lower Rates: Conversely, when rates are low, the opportunity cost decreases, making gold more appealing, which can boost its price.

3. The U.S. Dollar (USD) Strength:

Pricing: Gold is typically priced in U.S. Dollars globally.

Inverse Correlation: When the US Dollar strengthens against other currencies, gold becomes more expensive for buyers using other currencies, which can decrease demand and push the price down.

Weak Dollar: A weaker dollar makes gold relatively cheaper for international buyers, increasing demand and typically leading to a rise in the gold price.

4. Inflation and Real Interest Rates:

Inflation Hedge: Gold is considered a hedge against inflation. When inflation rises, the purchasing power of paper money decreases, making gold (a tangible asset) a more attractive store of value.

Real Interest Rates: The price is highly sensitive to real interest rates (nominal interest rates minus inflation). When real rates are low or negative, gold often performs well, as the return on inflation-adjusted savings is poor.

5. Demand and Supply Dynamics:

Investment Demand: Demand from investors, including flows into gold Exchange-Traded Funds (ETFs), futures, and physical bullion, heavily influences the price. High investor sentiment or large inflows can cause significant price rallies.

Central Bank Activity: Central banks hold gold as part of their foreign reserves. Large-scale buying or selling by major central banks can significantly impact global supply and demand.

Consumer Demand: Demand for jewelry, especially in major consuming nations like India and China, particularly during festive and wedding seasons, can drive local and global prices.

Mining Supply and Production Costs: The amount of gold mined and the cost of extraction affect the overall supply, which in turn influences the price.

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