Gold Price Today: The price of 24-carat gold climbed Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 76,370 according to the GoodReturns website. The price of silver declines by Rs 100, with one kilogram of the precious metal selling at Rs 92,800.

Gold prices in Wednesday's trade (September 25) have hit new highs on the MCX mirroring gains internationally. Gold October futures after hitting a new high of Rs 76,000 per 10 gm were trading 0.23 per cent or Rs 172 higher at Rs 75,

On September 24, 2024, gold prices saw a 0.46 percent increase, closing at Rs 74492.00 according to MCX data. This marks a higher percent rise in gold’s spot market value from the start of the year. Year-over-year, gold prices have climbed 26.45 percent, as analysed by Moneycontrol.

Lower interest rates make gold and silver a favourable investment option, in comparison to the dollar amidst geopolitical tensions and an uncertain global economic environment. According to the latest report,

Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Tuesday. Check the latest city-wise prices here.

The Fed's unexpected 50-basis point cut has fueled speculation of further reductions, with markets split between expecting another 50-point or a 25-point cut in November. The likelihood of a 50-point cut has risen sharply,