Gold skyrockets to all-time high, silver follows – here’s today’s gold rate (10g)

New Delhi (The Uttam Hindu): Gold and silver prices created new history on Monday, September 29, 2025, the first trading day of the week. Amid weak global cues and a falling dollar, both precious metals touched their highest levels ever on the futures market (MCX), causing a stir among investors. According to the official website of MCX, the December futures contracts of both gold and silver saw a huge jump this morning.

MCX Gold December futures hit a new all-time high of ₹1,15,590 per 10 grams. At around 9:45 am, it was trading at ₹1,15,436, up 0.47%. Similarly, MCX Silver December futures also touched a new record high of ₹1,43,968 per kg. It was trading at ₹1,43,433 per kg, up a robust 1.09%.

What caused this historic surge in prices?

This record-breaking rally is primarily due to developments in international markets. The dollar index has declined by more than 0.20%, making gold cheaper for investors holding other currencies. Furthermore, rising expectations of further interest rate cuts by the US Federal Reserve this year have pushed gold prices to record highs globally, which is having a direct impact on Indian markets.

Gold prices are at their peak in both the futures market and the spot market. Today's gold prices (per gram) in major metropolitan cities across the country are as follows:

Delhi: 24 carat – ₹11,655 | 22 carat – ₹10,685 | 18 carat – ₹8,745

Mumbai: 24 carat – ₹11,640 | 22 carat – ₹10,670 | 18 carat – ₹8,730

Kolkata: 24 carat – ₹11,640 | 22 carat – ₹10,670 | 18 carat – ₹8,730

Chennai: 24 carat – ₹11,673 | 22 carat – ₹10,700 | 18 carat – ₹8,860