Gold has always been a safe investment, especially during times of high market volatility, making it a preferred choice for many investors. The yellow metal touched a new record high level on Wednesday, with the price per 10 gm touching a level of ₹1,14,360 as of 01:13 pm IST.
The price of gold surged from around ₹77,120 (per 10 gm) to its all-time high of ₹1,14,360 (per 10 gm) within this year, equating to nearly 48.28% year-to-date (YTD) return.
Spot Gold has delivered uninterrupted positive monthly returns in 2025, a landmark in its 20-year history.
| Month | Price on 1st Day of Month(₹ per 10 gm) | Price on Last Day of Month(₹ per 10 gm) | Change |
| Jan-25 | 77120 | 82310 | 6.73% |
| Feb-25 | 82310 | 84450 | 2.60% |
| Mar-25 | 84450 | 89330 | 5.78% |
| Apr-25 | 89330 | 94880 | 6.21% |
| May-25 | 94880 | 95930 | 1.11% |
| Jun-25 | 95930 | 96390 | 0.48% |
| Jul-25 | 96390 | 98840 | 2.54% |
| Aug-25 | 98840 | 104090 | 5.31% |
| Sep-25* | 104090 | 114360 | 9.87% |
Source: https://bullions.co.in/
On September 24, 24-karat gold quoted at ₹1,14,140 per 10 gram, 22-karat at ₹1,04,628 , and 18-karat at ₹85,605 per 10 gram. (as of 2:55 pm IST)
The surge in gold price demand is due to the festival and wedding season, rupee depreciation, and safe-haven buying. In addition to this, expectations of US rate cuts supported the trend.
Global Market Trends
Globally, spot gold was trading up by 0.12% to $3,768.85 per ounce as of 02:23 pm IST, September 24, after touching an all-time high of $3,791.08. US December futures fell 0.35% to $3,802.3. The pullback came after profit-taking and comments from US Fed Chair Jerome Powell, who stressed balancing inflation control with a slowing job market.
Also Read: Gold May Touch $3,600 by 2025: Three Key Reasons Behind the Bullish Outlook for the Yellow Metal
In the September month so far, the international spot gold prices have jumped by 9.40% while on a year-to-date basis, it is up by 48.28%. In the last 12 months, the price has soared by 43.44%, outperforming Indian equity benchmark indices. In the longer period of 5 years, it has surged by over 93.40%.
Markets are pricing in two US rate cuts of 25 basis points each in October and December, with probabilities at 94.1% and 76.9%, respectively (CME FedWatch). Investors await US jobless claims and PCE data for further cues.
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