Gold and Silver Price Movements on September 24, 2025

On September 24, 2025, gold prices experienced a fall on the Multi Commodity Exchange (MCX). Meanwhile, silver prices showed a mix of movements, with some sources indicating a rise and others a fall.

Gold Price Analysis

In India, the price of 24-carat gold was ₹113,750 per 10 grams, a decrease of ₹410 from its previous close. On the MCX, gold was trading at ₹113,900. Globally, spot gold prices experienced a slight decrease of 0.22%, trading at $3,755.20. MCX Gold October futures traded 1.56 per cent up at ₹1,13,986 per 10 grams.

Silver Price Analysis

The price of Silver in MCX is ₹134684.00. MCX Silver December futures traded 1.27 percent up at ₹1,35,255 per kg. Silver M in MCX is ₹134883.00. Silver rose to $44.13 USD/t.oz on September 24, 2025, up 0.21% from the previous day.

Factors Influencing Gold and Silver Prices

Several factors can influence the prices of gold and silver, including:

• Global Economic Conditions: Economic uncertainty often leads to increased demand for gold as a safe-haven asset. Gold prices tend to increase when the world feels uncertain, such as during wars, political upheaval, and global pandemics.
• Currency Fluctuations: As gold is priced internationally, changes in currency values, particularly the US dollar, can impact gold prices. Gold becomes less expensive for foreign buyers when the dollar weakens, potentially increasing demand and driving up prices.
• Interest Rates: Gold doesn't pay interest or dividends, so when central banks raise interest rates, other assets like savings accounts and bonds become more attractive, which can cause gold prices to fall. There is an inverse correlation between gold prices and interest rates.
• Inflation: Gold is often seen as a hedge against inflation. Investors may turn to gold as a way to protect their money when inflation spikes.
• Geopolitical Events: Geopolitical tensions, political unrest, and violence can increase demand for gold as a safe haven, driving up prices.
• Supply and Demand: Supply and demand play a significant role in determining gold prices. When there is high demand and low supply, gold prices tend to increase.
• Central Bank Policies: Monetary policies and actions of central banks can impact gold prices.
• Investor Sentiment: Investor sentiment and speculative trading can influence short-term price fluctuations.

Expert Outlook

Experts suggest that gold maintains its fundamental role as a critical diversification tool in investment portfolios, though short-term fluctuations are inevitable.

Key Levels to Watch

According to experts, key levels to watch for gold and silver include:

• Gold: Support at ₹1,11,670-1,11,380, while resistance is at ₹1,12,650-1,12,900.
• Silver: Support at ₹1,32,450-1,31,750 while resistance is at ₹1,34,850, 1,35,600.

Disclaimer: This article is for informational purposes only and should not be considered financial advice.