Gold Rates Crashed After Rs 45,200 Jump; Check 24K, 22K, 18K Gold Prices In Major Cities; Time To Book Profits

Gold rates in India dropped sharply by Rs 320 in 10 grams and Rs 3,200 in 100 grams of 24 carat on Wednesday, September 24. This performance comes after gold prices skyrocketed by Rs 4,520 in 10 grams and by Rs 45,200 in 100 grams of 24 carat from September 19 to 23rd. Yellow metal has continued to see strong record rally over the past few days, hitting back to back new highs. Is gold expensive and should you book profits?Check

Gold Rates In India:

10 grams gold price dropped by Rs 320 to Rs 1,15,370 in 24 carat, down by Rs 300 to Rs 1,05,700 in 22 carat, and was lower by Rs 240 to Rs 86,530 in 18 carat.

100 grams gold price plunged by Rs 3,200 to Rs 11,53,700 in 24 carat, declined by Rs 3,000 to Rs 10,57,500 in 22 carat and tumbled by Rs 2,400 to Rs 8,65,300 in 18 carat.

Gold has now halted its gaining spree. Earlier, 100 grams gold price soared by Rs 26,200 in 24 carat on September 23, followed by upside of Rs 9,200 on September 22. This gold was also up by Rs 8,200 on September 20 and higher by Rs 1,600 on September 20. Gold saw muted performance on September 19.

From September 19 to September 24, gold prices rallied by Rs 45,200 in 100 grams of 24 carat.

Gold Prices City-Wise:

Gold Rates In Chennai:

Gold Rates In Bengaluru:

Gold Rates In Hyderabad:

Gold Rates In Mumbai:

Gold & Silver Price Outlook:

According to Rahul Kalantri, VP Commodities, Mehta Equities, Fed Chair's cautious remarks on inflation and labour market concerns suggest that a "wait-and-see" approach on further rate cuts could act as a cap on bullion's gains. Gold has support at $3715-3685 while resistance at $3775-3790. Silver has support at $43.40-43.00 while resistance is at $44.15-44.50. In INR gold has support at Rs1,13,000-1,12,380 while resistance at Rs1,14,450-1,14,900. Silver has support at Rs1,33,450-1,32,750 while resistance at Rs1,35,850, 1,36,600.

Buy Or Sell Gold & Silver Amid Record Prices?

On gold, Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures, said, traders are surprised by record prices, there is some growing concern about profit-booking if inflation data from the globe disappoints or a deferred rate cut is sighted. Current trends are bullish.

Further, on silver, Kamboj added, silver is usually more volatile than gold; it is always possible that an unexpected drop in global industrial demand or two or three negative macroeconomic reports could create a short-term correction. All of the prevailing conditions suggest that silver should remain generally firm in the near term.

" Domestically, seasonal demand from festivals and the upcoming wedding season is expected to keep buying interest strong and prices elevated," said Darshan Desai, CEO - Aspect Bullion & Refinery.

Looking ahead, Desai added, "Looking ahead, investors may consider booking partial profits at current levels. However, any correction or profit-taking is likely to spark renewed buying interest from consumers, investors, and central banks, ensuring that both metals remain well-supported."

MCX Gold Price + MCX Silver Price

At the time of writing, MCX gold price dropped by Rs 366 to trade at Rs 1,13,470 per 10 gram. This bullion is of October 2025 expiry, and had touched a new record high of Rs 1,14,179 per 10 grams yesterday.

Meantime, MCX silver with December 2025 expiry, also plunged by Rs 301 to trade at Rs 1,34,761 per 1Kg.

Spot Gold Price + Spot Silver Price

Gold dipped to around $3,750 per ounce on Wednesday, but staying near the fresh record set in the previous session, as investors digested recent Federal Reserve commentary, as per Trading Economics. Silver stayed above $44 per ounce on Wednesday, hovering near a 14-year high as traders reassessed the Federal Reserve's outlook.

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