Today’s 24 Carat Gold Rate in India (September 26, 2025): Approximately ₹1,13,170 per 10 grams
The overall trend for 24-carat gold in India remains firm, holding near record highs, though prices have experienced a further mild correction as the market prepares for crucial US economic data.
| Metric | Yesterday (Sept 25, 2025) | Today (Sept 26, 2025) | Change (Approx.) |
| IBA 24K Gold Price (per 10 grams) | ₹1,14,360 (Closing) | ₹1,13,170 (Morning Rate) | ↓ ₹1,190 |
| MCX Gold Futures (October Contract) | Around ₹1,13,500 | Around ₹1,12,831 (October) / ₹1,13,941 (December) | Mixed/Trading Range-bound |
| Spot Gold (Global – per ounce) | Around $3,740 | Around $3,741 | ≈ Steady |
Today’s 24 Carat Gold Rate in India (September 25, 2025)
Gold prices in India are dynamic and influenced by multiple factors. Based on the latest available data:
MCX Gold Futures (October Contract)
- Yesterday’s Close (September 25, 2025): Approximately ₹1,12,555 per 10 grams (down from its previous close)
- Today (September 25, 2025): ₹1,13,500 per 10 grams approx. (down ₹336)
- Latest Trading Price (September 26, 2025): Trading around ₹1,12,678 per 10 grams (showing a marginal increase in early trade)
This shows a mild correction after a record-high rally, as traders await key US economic data.
City-Wise 24 Carat Gold Rate Today (per 10 grams)
Today’s 24 Carat Gold Rate in India (September 26, 2025): Approximately ₹1,13,170 per 10 grams
Rates show a broad correction across major cities from yesterday’s highs, reflecting the overall market dip, while still remaining at elevated levels.
| City | Today’s Approximate Rate (₹/10 grams) | Yesterday’s Range (₹/10 grams) |
| Delhi | ₹1,12,790 | ₹1,12,090 – ₹1,14,590 |
| Mumbai | ₹1,12,980 | ₹1,14,440 – ₹1,15,450 |
| Chennai | ₹1,13,310 | ₹1,14,590 – ₹1,14,660 |
| Bangalore | ₹1,13,070 | ₹1,11,300 – ₹1,15,542 |
| Kolkata | ₹1,12,830 | ₹1,09,968 – ₹1,14,440 |
⚠️ Note: Rates vary across jewelers due to local taxes, making charges, and transportation costs. Always cross-check before purchase.
MCX Gold Trends & Expert Technical Analysis
The Multi Commodity Exchange (MCX) acts as the barometer for gold prices in India, with futures contracts reflecting both domestic and global market conditions. As of September 25, 2025, the October futures are trading around ₹1,13,500 per 10 grams, marking a mild dip from recent record highs.
Trend Overview
- Earlier this month, MCX gold touched new highs before facing profit booking that pulled prices lower by nearly ₹900 yesterday.
- Today, the decline is slower—about ₹336—which indicates the market is stabilizing rather than reversing its overall trend.
- Experts describe this as a consolidation phase, where prices pause to digest gains before deciding the next direction.
Key Technical Levels
- Crucial Support Zone: The level of ₹1,12,000 is a critical support. A sustained break below this point would signal significant profit-booking and a potential slump.
- Immediate Trading Range: Gold is expected to trade in a tight ₹1,12,000 – ₹1,14,000 range in the near term, reflecting market caution.
- Immediate Resistance: The first hurdle for an upward move is located in the ₹1,13,250 – ₹1,13,700 area (which includes yesterday’s high).
- Major Upside Hurdle: The critical resistance zone for the continuation of the overall upward trend is a wide range between ₹1,14,000 – ₹1,16,000.
- Key Event Risk: Price action is highly dependent on the impending release of the US PCE inflation data, the Federal Reserve’s preferred inflation gauge, which will influence future interest rate expectations and dollar strength.
- Sentiment/Strategy: The overall market view remains positive, with analysts suggesting that dips towards the ₹1,12,000 – ₹1,12,400 area are a good opportunity for fresh buying (Buy on Dips strategy) for targets towards ₹1,13,300 and higher.
Expert Insights
- Key Driver Today: The market’s next significant move is entirely dependent on the US PCE Price Index data (the Fed’s preferred inflation gauge), which is scheduled for release later today (September 26, 2025).
- Softer (Lower) PCE: Could revive Fed rate cut hopes, leading to a sharp rally in gold prices.
- Hotter (Higher) PCE: Would support the US Dollar, further trimming rate cut bets, and could cause gold prices to test the lower support levels.
- Strategy: Analysts generally advise a “Buy on Dips” strategy for long-term investors, viewing current corrections as temporary in the context of strong long-term fundamentals.
📌 Takeaway for Buyers: For short-term traders, tracking the ₹1,12,000 support and ₹1,16,000 resistance levels will be key. Long-term buyers should see current dips as opportunities to accumulate gradually, given the bullish sentiment underpinning the market.
Also Read: What is MCX Gold? A Beginner’s Guide to Trading Gold in India
Factors Driving the Current Gold Rate
Gold prices are never static—they respond quickly to global cues and domestic economic conditions.
- GUS Economic Data & PCE Index: This is the single most important factor. Recent strong US GDP data and a strengthening US Dollar have caused a dip in global gold prices. The PCE result will confirm or deny the market’s expectation for future Fed rate cuts.
- Geopolitical Tensions: Ongoing conflicts (Russia-Ukraine, Middle East) provide a floor for gold prices by sustaining safe-haven demand and maintaining a “risk premium.”
- Domestic Demand (India): The start of the Indian festive season (Navratri/Diwali) and wedding season is maintaining robust physical demand, acting as a strong domestic support.
- Rupee-Dollar Dynamics: The weakening of the Indian Rupee (INR) against the US Dollar (USD) continues to make imported gold more expensive, which supports higher domestic gold rates.
Should You Buy Gold Now or Wait?
With gold hovering around ₹1,13,500 per 10 grams on MCX (September 25, 2025), many buyers and investors are wondering whether this is the right time to enter or if they should wait for further correction.
- Why You Might Buy Now:
- Analysts suggest that the long-term trend is bullish, with targets of ₹1,15,500 – ₹1,16,000 per 10 grams in the near future.
- Continued geopolitical tensions (Russia-Ukraine war, Middle East conflicts) and central bank gold buying are strong positive drivers.
- The Indian rupee’s weakness against the US dollar makes domestic gold prices more resilient, even when global prices dip.
- Why You Might Wait:
- The market is in a consolidation phase after recent highs.
- Traders are waiting for the US PCE Inflation Index and other key economic data that could influence the Fed’s stance on rate cuts.
- A short-term dip toward the ₹1,12,000 support level cannot be ruled out.
✅ Expert Suggestion: Adopt a “buy on dips” strategy. If you are investing for the long term, accumulating gradually is safer than waiting for the “perfect” entry point, which is often hard to time.
Also Read: Tax Audit Due Date
Pingback: What Is MCX Gold? A Beginner’s Guide To Trading Gold In India - Indian Scope