Gold rates in India registered a record rally week with 24 carats, 22 carats and 18 carats reaching to new all-time highs. From September 1st to 7th, 24 carat gold price surged by Rs 35,400 in 100 grams and up by Rs 3,540 in 10 grams. In the week ahead, sentiments in safe haven will be impacted by the upcoming Fed policy and global trends.
As of September 7, 2025, 10 grams gold price stood at Rs 1,08,490 in 24 carat and at Rs 99,450 in 22 carat. 100 grams gold prices are at Rs 10,84,900 in 24 carat and at Rs 9,94,500 in 22 carat.
The prices of yellow metal are unchanged but stayed at new historic highs.
100 grams gold price surged by Rs 8,700 on September 6th, followed by upside of Rs 7,600 on September 5th. Gold was down by Rs 1100 on September 4, the only single-day decline seen in the first week of September.
But prior to that 100 grams of 24 carat was up by Rs 8,800 on September 3rd, up by Rs 2,100 on September 2nd, and higher by Rs 9,300 on September 1st.
From September 1st to 7th, 100 grams gold price surged by Rs 35,400 in 24 carat.
1Kg silver price is at Rs 1,28,000, while 100 grams and 10 grams silver rates are at Rs 12,800 and Rs 1,280 respectively.
MCX Gold Price + MCX Silver Price:
Last week on Friday, MCX gold price with October 2025 expiry stood at Rs 1,07,740 per 10 grams. This was near its new all-time high of Rs 1,07,807 per 10 grams.
Meanwhile, MCX silver price stood at Rs 1,24,761 per 1kg, after nearing to its record high of Rs 1,26,300 per 1kg.
Gold & Silver Prices Outlook:
As per SMC Global Securities note, gold prices surged to their highest level in over a month and posted a second straight weekly gain, supported by a softer US dollar and renewed safe-haven demand.
"Investors continued to favor the metal amid uncertainty surrounding US monetary policy and political pressures on the Federal Reserve. Expectations of an imminent rate cut gained traction after Fed Governor Christopher Waller signaled support for reductions starting in September, saying he "fully expects" policy to move closer to neutral," the analysts said.
Further, the note added, markets are now largely pricing in a 25 bps cut, with additional easing likely. Political tension added to market caution after Fed Governor Lisa Cook filed a lawsuit challenging former President Trump's authority to remove her, raising fresh concerns over central bank independence.
Additionally, economic data also shaped sentiment. Jobless claims edged lower, but signs of a cooling labor market and the risk of rising unemployment strengthened the case for a more dovish Fed. Meanwhile, investors are closely watching the US personal consumption report, expected to accelerate after revised Q2 data showed slightly faster economic growth, reinforcing inflation worries.
For the month, gold is set for its best performance since April, highlighting strong investor appetite. On Comex, gold faces resistance near $3,580 and support around $3,300, with the overall trend remaining bullish. Silver is expected to trade in the range of $36.90-$41.00. Looking ahead, domestic markets may also witness volatility. On MCX, gold is likely to move between Rs 98,500- Rs 1,04,000, while silver could trade within Rs 1,10,000-Rs 1,21,000 in the coming week. Overall, safe-haven flows, dovish Fed expectations, and political uncertainty continue to provide a solid floor for bullion prices, as per SMC's note.
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
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