Gold has been a mystery in the hearts of Indians not only as an investment but also as an indicator of wealth, culture and tradition. As the festive season approaches, the demand of the yellow metal is again increasing and the prices are showing the good momentum. Gold prices gained momentum on Monday, 22 September 2025, in the domestic and international markets and were driven by the festive buying behavior, a weak rupee and the low equity sentiment.
As of the recent developments, MCX gold futures surged 0.62 percent to ₹1,10,524 each of 10 grams, and international spot gold increased close to US 688 per ounce, which points to the optimistic direction. Prices in such cities as Mumbai and Chennai had risen significantly, which once again supports the high demand of consumers and investors. Now, we will have a closer look at what is making the gold market go.
Mumbai and Chennai Gold Prices
Mumbai Trends On the Indian financial capital of Mumbai, the gold prices have shot to a higher point, with 24-carat gold soaring to an amount of ₹11,258 per gram as compared to ₹11,215 last time. This pushed the price of 10grams up to ₹1,12,580, increasing by ₹430 and 100grams price increased to ₹11, 25,800, increasing by ₹4,300.
The 22-carat gold that was being sold in the market was also increasing in purchases. One gram of 22-carat gold has increased in price to ₹10,320, which is an increment of ₹40. In a like manner the 10-gram price rose to ₹1, 03,200 and the 100-gram rate to ₹10, 32, 000 with profits of ₹400 and ₹4000, respectively.
Chennai Momentum
Interestingly, Chennai was also experiencing an even greater rally than Mumbai due to the high local festive demand. 24-carat gold went as high as ₹11,302 per gram, an increase of ₹76 over the past day. The 10 gram price was at ₹1,13,020 and 100 gram price was at ₹11,30,200 and realized good returns of ₹760 and ₹7,600, respectively.
The momentum also was strong with regard to 22-carat gold in Chennai. The per-gram rates were up to ₹10,360, which increased by ₹70, and the 10-gram rate has gone to ₹1,03,600. The 100-gram rate increased to ₹10,36,000, with the healthy increases of ₹700 and ₹7,000.
These figures suggest clearly the responsiveness of various regional markets towards the coming festive season which is normally regarded as the most appropriate period to buy gold in India.
MCX Gold Performance
Gold futures have opened better on the Multi Commodity Exchange (MCX) at ₹1,10,402 per 10 grams and have further appreciated by ₹677 or 0.62. This boom represents domestic and foreign indications. Silver futures have not been left behind as they soared to above ₹1,32,200 per kilogram with a robust 2% increase throughout the day. It is also a hot asset to the investors just like gold with the silver prices set at a 14 year high in the world market.
Technically, analysts point out that MCX gold is supported at ₹1,09,680-₹1,09,380 and resistance at ₹1,10,350-₹1,10,600. Gold could go to new record highs in case of a break out above the resistance zone. Profit-booking may however, in the short run, draw prices a bit downwards in the event of the failure of the support.
Global Market Drivers
The bullish trend of gold is not only a local issue; it is one that is being propelled by great trends around the world. US gold futures reached US$3,723/oz, with international spot gold trading at US$3,688/oz, and silver is also on the rise trading at US$43.20/ oz, which is very near a 14-year high.
The main macroeconomic events that are of interest to the investors in the world are the forthcoming US inflation rate and the speech of the Federal Reserve officials. These will give the important clues regarding the rate of monetary easing that has a direct influence on the prices of gold. A dovish monetary policy or any anticipations of lowering the rates of interest normally render gold more appealing as a safe-haven asset.
Gold Prices in India- why are they increasing?
A number of forces are working behind India booming gold prices:
- Festive Season Demand – As the Indians are about to have Navratri, Dussehra, and Diwali, more of them are buying gold due to auspicious reasons. This seasonal demand conventionally raises the prices.
- Weak Rupee – A weak rupee increases the prices of gold importation hence increasing the gold prices in the country.
- Weakness in the equity market – Low activity in the stock market has made investors to insure their bets on the safe havens such as gold.
- Global Tailwinds – There are also strong domestic bullion supported by international prices that are strong due to expectations of easy monetary policy and high momentum of silver.
Outlook for Gold
The market sentiment is still bullish with MCX gold trading easily above ₹1.10 lakh per 10 grams. Analysts are of the view that the high demand on the festival basis, accredited with facilitative global circumstances, may persist in keeping the prices of gold high in the short term.
Nevertheless, MCX ₹1,10,600 has become an area of keen attention to traders. A strong break out above this mark can take gold to new heights as new record highs are formed. Conversely, any vulnerability that is less than ₹1,09,380 may lead to profit-taking by investors.
In the case of long term investors, gold still stays a sure insurance against inflation and fluctuations in exchange rates whereas the volatility of major technical levels might be the opportunity of short-term traders.
Conclusion
The trip of Gold in September 2025 has been an exciting affair. As MCX gold soars higher than ₹1,10,500, domestic rates in such cities as Mumbai and Chennai are also registering safe profits on their part, the metal is again elucidating why it has continued to be the preferred choice of investment in India.
With the festive season demand on the rise due to a weak rupee and favorable international sentiment, the price of gold is likely to remain stable in the short run. Gold is still very shiny in 2025, be it you are an investor seeking stability or you are a buyer to add to your festivity celebrations.
Also read : NPCI Aadhaar Link Bank Account Online: 2025
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