Gold Price Rises Today, Sept 30: Check Latest Price In Your City

24-carat gold surged over Rs 1400 to trade at Rs 1,18,310 per 10 grams in Mumbai, while silver futures on MCX hit ₹1,43,980 per kg amidst festive demand and a strong outlook for the precious metals.

September 30, 2025: On Tuesday, gold prices in India jumped by more than Rs 1,400, which helped them keep going higher. This was because of uncertainty across the world, desire for safe havens, and the start of the holiday season.

During a historic trading session, the price of 10 grams of 24-carat gold in Mumbai reached Rs 1,18,310, while the price of 10 grams of 22-carat gold reached Rs 1,08,450. Silver too joined the rally, rising by Rs 1,000 to reach a record high of Rs 1,51,000 per kilogram.

The strong mood was shown in the futures market on the Multi Commodity Exchange (MCX). Gold futures that will end on December 5, 2025, were up 0.97% at Rs 1,17,484 per 10 grams. The price of silver futures for the same expiration date went up 0.58% to Rs 1,43,980 per kilogram.

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	Rs 1,08,600	Rs 1,18,460
Jaipur	Rs 1,08,600	Rs 1,18,460
Ahmedabad	Rs 1,08,500	Rs 1,18,360
Pune	Rs 1,08,500	Rs 1,18,360
Mumbai	Rs 1,08,450	Rs 1,18,310
Hyderabad	Rs 1,08,450	Rs 1,18,310
Chennai	Rs 1,08,450	Rs 1,18,310
Bengaluru	Rs 1,08,450	Rs 1,18,310
Kolkata	Rs 1,08,450	Rs 1,18,310

Market Drivers Around the World

The domestic surge followed international trends, with US spot gold up over 1% to $3,862.21 per ounce as of 9:45 IST. International silver also went up by 0.30% and is now worth $47 per ounce.

Uncertainty throughout the world: Ongoing geopolitical tensions and economic instability keep pushing investors toward gold, which is a classic safe-haven asset.

Festival Demand: The wedding season and upcoming Indian festivals are historically times of strong demand, which is why prices are going up in India.

Exchange Rate and Duties: The prices in your area are mostly affected by international market pricing, import duties, taxes, and changes in the Rupee-Dollar exchange rate.

Silver Ready to Go Up Even More

Motilal Oswal Financial Services (MOFSL) says that silver could rise as high as Rs 1.5 lakh per kg in the next 12 months. This is a huge increase for the white metal.

This positive outlook is based on strong demand from the industrial sector, especially from the growing solar and electric car industries. There is also a lot of safe-haven buying going on and a belief that the US currency will weaken. The firm also said that silver has already given MCX investors around 37% returns this year, which is better than many other asset classes. Comex silver futures are likely to rise toward $45 per ounce around the world at first and then possibly reach $50 per ounce in the following phase of the rally.

The paper says that if the Rupee stays at 88.5 versus the US dollar, silver prices in India should rise to Rs 1,35,000 per kg in six months and then to Rs 1,50,000 per kg in 12 months.