Gold Rate In India Rally Close To Record High! 24K Jumps Rs 600/10 Gm; Silver Follows Trend On Sept 27

Gold Rate in India Today: Gold prices in India rose for the second consecutive day on Saturday, September 27, offsetting all the price corrections recorded earlier in the week. With this, the precious metal climbed close to its all-time high, driven by a strong two-day rally.

Gold price correction earlier in the week had raised hope of some relief among gold buyers, especially those who were willing to purchase jewellery and ornaments amid the ongoing Navratri festival. However, dynamic geopolitical shifts, hints of further US Fed rate cuts, trade tensions, uncertainty around US H1B visa, etc, have continuously fuelled the gold's safe-haven rally.

Gold Rate in India Today

The price of 24 karat gold in India today increased by Rs 600 to Rs 1,15,480 per 10 grams. Likewise, the price of 22 karat gold in India surged by Rs 550 to Rs 1,05,850 per 10 grams. The rate of 18 karat gold in India jumped by Rs 450 to Rs 86,610 per 10 grams.

Gold rate in India has surged by more than 40% since the beginning of the year. The precious metal witnessed a steep surge in its valuation in September which mirrored its skyrocketing prices internationally. The massive surge in gold prices over the past few months also contributed to India's core inflation in August, as per the data.

Experts believe that the gold prices are likely to continue their rally, driven by bullish investor sentiment amid concerns about a flurry of fresh debt by the US Treasury and the jeopardy on the Fed's autonomy.

Silver Rate in India Today

The price of silver also increased on Saturday. Silver rate in India today increased to Rs 149 per gram and to Rs 1,49,000 per kilogram. The price of silver is also hovering close to its all-time high mark, driven by strong industrial demand. Silver has also garnered investors interested because of its attractive valuations compared to gold and its major contribution in the boosting EV sector.

Gold Rates in India Cities

Given the sharp jump in gold rate in India today, gold rates in Bangalore, Chennai, Hyderabad, Mumbai, and other Indian cities also witnessed a sharp surge today.

The rising prices of gold has also put pressure on the Indian currency. "The Indian rupee is coming under increased strain with rising dollar demand linked to gold imports coinciding with concerns over the impact of a U.S. visa fee hike. The weakness is likely to persist with the announcement of tariffs on Pharma. Gold and Silver rose to record highs backed by solid inflows into ETFs. The value of inflows into global Gold ETFs in 2025 has been $50bn, equalling the first 9 months of 2020," noted Jyoti Prakash, Managing Partner, Equity and PMS at AlphaaMoney.

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