10 Sep 2025 : Gold has gained strong momentum in the Indian bullion market these days. In just 9 days, prices have jumped by more than ₹9,000, and in Delhi, the yellow metal has created a new record. At the same time, gold is also setting fresh records in the international market, further boosting investors’ interest.
Gold Becomes the King of Inflation in Delhi
On Tuesday, the price of 24-carat gold in Delhi surged by a massive ₹5,080 in a single day to reach ₹1,12,750 per 10 grams – the highest level ever. Earlier, it had closed at ₹1,07,670 on Monday. Silver prices also witnessed a strong rally, rising by ₹2,800 to reach ₹1,28,800 per kilogram.
How Much Has Gold Risen in September So Far?
Only 9 days have passed, and during this time, gold prices have increased by about 9%. On the last trading day of August (31st August), gold was priced at ₹1,03,670, which has now risen by more than ₹9,000 to cross ₹1.12 lakh. Since the beginning of 2025, gold has gained a total of 43%, i.e., an increase of ₹33,800 per 10 grams.
Global Markets Also Witness the Rally
On the international front too, gold is creating history. On Tuesday, it touched an all-time high of $3,659 per ounce in the global market. However, by the end of the day, the price eased slightly to $3,652, but it is still considered the highest trading range ever.
The key reason behind this rally is the weak U.S. jobs data, which has increased expectations of interest rate cuts. As a result, the U.S. dollar index has slipped to a 7-month low, further brightening gold’s appeal.
Why Is Gold Demand Rising?
According to experts, the rally in gold is not just due to interest rates but also the combined effect of multiple international events and economic indicators:
- Consistent central bank buying – Central banks worldwide are strengthening their gold reserves, keeping demand strong.
- Surge in ETF investments – Investor interest in Gold Exchange Traded Funds has increased, supporting gold prices.
- Geopolitical tensions – The Russia-Ukraine war, global trade disputes, and U.S. tariff policies have pushed investors toward gold as a safe haven.
- Potential easing of Federal Reserve policy – Experts believe that in the next quarter, interest rates may be cut 2 to 3 times, making gold yields even more attractive.
What Are Experts Saying?
Saumil Gandhi, Senior Commodity Analyst at HDFC Securities, believes that the current rally in gold is not just temporary but part of investors’ long-term strategy.
Trivesh D., COO of Tradejini, has described it as a “structural bull run.” According to him, the dominance of the U.S. dollar is declining, and central banks are shifting investments away from U.S. bonds toward gold.
Will Gold Rise Further?
Most analysts believe that if the Federal Reserve signals interest rate cuts by October or December, gold prices could climb even higher. In addition, investors are closely watching upcoming U.S. inflation data, which will determine the future trend.
Summary : Gold prices witnessed a sharp hike, rising by ₹9,000 overall and ₹33,800 per 10 grams, with 24-carat gold reaching record-breaking levels nationwide.