Gold Jumps Rs 1,400, Silver Touches New Record; Check Local Rates Today

Gold and Silver Rates Today, September 30: Gold Jumps Rs 1,400, Silver Hits Record High.

Gold prices on Tuesday surged over Rs 1,400 across India, fueled by global uncertainty and strong festival demand. In Mumbai, 24-carat gold was priced at Rs 1,18,310 per 10 grams, while 22-carat gold traded at Rs 1,08,450 per 10 grams. Silver also jumped Rs 1,000, reaching a record Rs 1,51,000 per kg.

On the MCX, gold futures for December 5, 2025, rose 0.97% to Rs 1,17,484 per 10 grams, while silver futures for the same expiry gained 0.58% to Rs 1,43,980 per kg.

International Gold and Silver Prices

In the global market, US spot gold climbed nearly 1% to $3,862.21 per ounce (as of 9:45 IST), while US December gold futures were steady at $3,771.30. Silver also gained 0.30%, trading at $47 per ounce.

• Factors Affecting Gold Prices in India
• Gold prices in India are influenced by:
• International market rates
• Import duties and taxes
• Exchange rate fluctuations

Culturally and financially, gold remains a preferred investment and a key part of weddings and festivals. Traders and investors closely monitor price movements to make informed decisions.

Silver Price Outlook for 2025

According to Motilal Oswal Financial Services (MOFSL), silver could reach Rs 1.5 lakh per kg within 12 months, driven by strong industrial demand, safe-haven buying, and a weaker dollar.

The brokerage noted that silver has delivered nearly 37% returns year-to-date on MCX, outperforming several other asset classes. Globally, Comex silver futures are expected to initially hit $45 per ounce and later $50 per ounce.

MOFSL added:
“After achieving earlier targets, we believe silver remains poised for further upside. Prices may move towards Rs 1,35,000 per kg in six months and Rs 1,50,000 per kg in 12 months domestically, assuming the rupee trades around 88.5 against the US dollar.”