On September 22, 2025, gold prices remained stable and b. 24-carat gold is trading at ₹1,09,900, 22-carat at ₹1,00,745, and 18-carat at ₹84,170 per gram. There have been no changes in GST rates, so this will not affect the prices. Gold has risen by 40% year-to-date, and investors are keeping an eye on US inflation data and Fed statements.
Gold Rate: According to the Indian Bullion Association (IBJA), gold prices in India remained b on Monday, September 22, 2025. 24-carat gold was at ₹1,09,900, 22-carat at ₹1,00,745, and 18-carat at ₹84,170 per gram, while silver stood at ₹1,30,097 per kilogram. Despite the implementation of the new GST framework, there was no tax relief on gold. Internationally, spot gold is trading at $3,689.08 per ounce and US gold futures at $3,724.50. Investors are monitoring US Federal Reserve interest rate statements and inflation data, which will provide an indication of future prices.
Strength of Gold in International Market
The gold market continues to show sustained strength. Gold prices remained stable and b during Asian trading hours on Monday. Investors are focusing on the upcoming US inflation data and statements from Federal Reserve officials this week. Last week, the US Fed cut interest rates by 25 basis points and signaled further easing. Consequently, investors are closely watching global monetary policies.
Gold Prices in Domestic Market
According to the Indian Bullion Association, today's gold prices in the country are as follows: 24-carat gold is ₹1,09,900 per 10 grams, 22-carat is ₹1,00,745, 18-carat is ₹84,170, and 14-carat is ₹65,430 per 10 grams. Meanwhile, silver is priced at ₹1,30,097 per kilogram. These rates apply in major markets such as Mumbai, Delhi, Ahmedabad, and Kolkata, although they may vary slightly depending on different cities and jewelers.
Impact of Changes in GST Rates
Although the new GST 2.0 has recently been implemented in the country, leading to reduced tax rates on many household items, it has had no impact on gold. Gold is already exempt from GST, so investors will not see any relief or changes in gold prices during Navratri.
Federal Reserve and Gold's Direction
Statements from the US Federal Reserve and inflation data are influencing gold prices in the international market. The Fed recently cut interest rates and indicated the possibility of further cuts in the future. This week, at least a dozen Fed officials, including Chairman Jerome Powell, will make statements. Additionally, new Fed Governor Stephen Miran defended his independence, indicating his support for deeper cuts in future meetings.
According to the CME FedWatch tool, there is a 93% probability of a 25 basis point cut in October and an 81% probability of a 25 basis point cut in December. In a low-interest environment, gold consistently remains attractive as a safe-haven investment.
Global Impact on Gold Prices
Globally, an increase in the holdings of large gold-backed ETFs like the SPDR Gold Trust has further strengthened gold's robustness. SPDR Gold Trust's holdings rose from 975.66 tonnes to 994.56 tonnes, marking a 1.94% increase. Among other precious metals, spot silver gained 0.1% to $43.12, platinum fell 0.3% to $1,399.69, and palladium rose 0.4% to $1,154.17.
