Gold and silver prices have surged to new record highs on the Multi Commodity Exchange (MCX) in India.
MCX Rates: * As of September 29, 2025, at 7:40 AM, the MCX gold index reached ₹1,13,766 per 10 grams. * Concurrently, MCX silver prices hit ₹1,42,147 per kg.
Rates in Major Cities (September 29, 2025):
The following rates are indicative of bullion prices:
- Delhi: Gold bullion rates were ₹1,14,540/10 grams, while silver bullion was at ₹1,41,690/kg.
- Mumbai: Gold bullion rates reached ₹1,14,730/10 grams, and silver bullion was ₹1,41,930/kg.
- Hyderabad: Gold bullion was priced at ₹1,14,920/10 grams, and silver bullion at ₹1,42,160/kg.
Other Key Rates:
- 24-carat gold was priced at ₹1,14,940/10 grams.
- 22-carat gold was priced at ₹1,05,362/10 grams.
- Silver (999 Fine) was at ₹1,42,190/kg.
Factors Influencing Gold Prices: Several factors can influence gold prices, including:
- Global Economic Trends: Economic uncertainty often drives investors towards gold as a safe-haven asset.
- Currency Fluctuations: The strength of the Indian Rupee against the US dollar can impact gold prices.
- Interest Rates: Changes in interest rates can affect the attractiveness of gold relative to other investments.
- Geopolitical Tensions: Political instability can also lead to increased demand for gold.
Gold Price Increase in India
On September 29, 2025, gold prices in India saw a significant rise, with 24-karat gold increasing by Rs 92 per gram, reaching Rs 11640. This increase has impacted gold rates across different weights, with one gram of 24-carat gold costing Rs 11640, which is Rs 92 higher than the previous day's rate of Rs 11548.
Gold Prices in Malaysia
In Malaysia, gold prices also experienced an increase on Monday, September 29, 2025. The price for gold stood at 514.57 Malaysian Ringgits (MYR) per gram, up from MYR 509.33 on Friday, according to data compiled by FXStreet.
