Gold Hits Record ₹1.10 Lakh per 10 Grams in India; US Rate Cut Expectations Lift Demand

Gold prices in India reached an all-time high on Tuesday, September 9, 2025, mirroring the upward trend in international markets. On the Multi Commodity Exchange (MCX), December gold futures rose ₹458 or 0.41% to touch ₹1.10 lakh per 10 grams.

The most-traded October contract also hit a record of ₹1.09 lakh per 10 grams, gaining ₹482 or 0.44%.

International Gold Market Update

Overseas, Comex gold futures for December delivery surged to an all-time high of $3,694.75 per ounce. As per news reports the rally is due to softer than expected US labor market data, which increased expectations of interest rate cuts by the US Federal Reserve.

10g Gold Rates Across Major Indian Cities on Sep 9, 2025

Read More: Dubai Gold Rate: What Is the Price of 22K and 24K Gold in Dubai Today, September 9, 2025?

Conclusion

Gold prices in India have hit unprecedented levels, crossing ₹1.10 lakh per 10 grams, driven by international cues such as expectations of US interest rate cuts, a weaker dollar, and investor demand for safe haven assets. Both domestic and global trends continue to influence price movements, reflecting gold’s enduring appeal as a secure investment option.

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