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MCX Gold Hits INR1,10,402 Amid Inflation Anticipation

9/22/2025

26 5 Full Breakdown

Summary

Story summary

MCX gold opened higher at INR1,10,402 per 10 grams; silver at INR1,30,658 per kg.
Global spot prices: gold $3,688.76/oz; silver $43.20/oz.
Investors await U.S. inflation data and Federal Reserve speeches after last week's rate cut; two more cuts are expected this year.
Gold has risen over 40% this year; analysts project MCX gold to INR1,25,000 per 10 grams in 2025.

History

Historical Context

Gold prices peaked at $1,895.10 per ounce in 2011 due to economic uncertainty and inflation fears, prompting a 30% rise in gold imports by India. As of 2023, gold prices have surged over 40%, reflecting historical trends where gold serves as a safe haven during economic instability, with projections suggesting prices could reach INR1,25,000 per 10 grams by 2025.

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Story summary

MCX gold opened higher at INR1,10,402 per 10 grams; silver at INR1,30,658 per kg.
Global spot prices: gold $3,688.76/oz; silver $43.20/oz.
Investors await U.S. inflation data and Federal Reserve speeches after last week's rate cut; two more cuts are expected this year.
Gold has risen over 40% this year; analysts project MCX gold to INR1,25,000 per 10 grams in 2025.

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