The bullion market on 19 September 2025 showed a mixed trend. Gold prices fell further, while silver prices surged sharply. The decline in gold and rise in silver reflected ongoing market volatility influenced by global cues and investor sentiment.
According to market updates, 24-carat gold opened Rs 294 lower without GST at Rs 109,873 per 10 grams. On the other hand, silver gained Rs 1,400 per kilogram in early trade, opening at Rs 128,500 without GST.
With GST, the price of 24-carat gold stood at Rs 113,169 per 10 grams, while silver touched Rs 132,355 per kilogram. The continuous divergence between gold and silver trends has become the main highlight of September trading sessions.
Previous Closing Rates
On Thursday, gold had closed at Rs 110,167 per 10 grams without GST, according to the Indian Bullion and Jewellers Association (IBJA). Silver had closed at Rs 127,100 per kilogram without GST.
IBJA releases gold and silver rates twice daily. The first update comes around noon and the second around 5 pm. These official rates serve as benchmarks for jewellers across India.
September Price Movement
Gold prices have shown sharp fluctuations this September. So far this month, gold has gained Rs 7,485 per 10 grams. Silver has surged even more, climbing Rs 10,928 per kilogram in the same period.
On the last trading day of August, gold closed at Rs 102,388 per 10 grams, while silver ended at Rs 117,572 per kilogram. The sharp rise in both metals highlights strong investor interest despite daily volatility.
24-Carat Gold Prices
The 24-carat gold rate today dropped by Rs 294 without GST, opening at Rs 109,873 per 10 grams. With GST, the price is now Rs 113,169 per 10 grams.
This rate does not include making charges applied by jewellers. Buyers must keep in mind that actual retail prices vary depending on design and craftsmanship costs.
23-Carat Gold Prices
The 23-carat gold rate also saw a decline. It dropped by Rs 293 to open at Rs 109,433 per 10 grams without GST. With GST, the price now stands at Rs 112,715 per 10 grams.
Though slightly cheaper than 24-carat, the difference is marginal, making it a common choice for those seeking purity with affordability.
22-Carat Gold Prices
The 22-carat gold price fell by Rs 269 to Rs 100,644 per 10 grams without GST. With GST included, the rate is Rs 103,663 per 10 grams.
This category remains popular among Indian households as it balances purity and durability, especially for jewellery designed for daily use.
18-Carat Gold Prices
The 18-carat gold rate witnessed a fall of Rs 220. It opened at Rs 82,405 per 10 grams without GST and with GST, the price is Rs 84,877 per 10 grams.
Due to its affordability, 18-carat gold is preferred by budget-conscious buyers and those seeking lightweight jewellery.
14-Carat Gold Prices
The 14-carat gold rate declined by Rs 172. It opened at Rs 64,276 per 10 grams without GST. After GST, the price is Rs 66,204 per 10 grams.
This lower carat option appeals to young buyers and those purchasing modern designs at affordable prices.
Factors Influencing Price Trends
The divergence in gold and silver prices reflects both domestic and international factors. Global inflation, currency fluctuations, and central bank policies continue to influence bullion rates. Investor demand for silver has surged recently, pushing its price upward, while gold has seen intermittent profit booking.
Market analysts suggest that ongoing uncertainty in global markets may continue to support silver demand. Gold, despite short-term declines, remains a strong hedge against long-term inflation and economic instability.
Outlook Ahead
Traders and investors are keenly watching price movements as the festive season approaches. With demand expected to rise during Navratri and Diwali, prices of both metals could witness further volatility.
There is also speculation about whether gold could touch Rs 1.25 lakh per 10 grams by Diwali. While some experts believe the surge is possible, others suggest caution due to profit-taking tendencies in the market.
Consumer Impact
For jewellery buyers, today’s fall in gold prices could provide a short-term opportunity. However, the rise in silver may increase costs for those planning to purchase silver ornaments or household items.
Since retail prices also include making charges, consumers are advised to check final rates with local jewellers before making purchases.
Long-Term Investment Perspective
Despite daily fluctuations, both gold and silver continue to attract investors as safe-haven assets. Gold remains the preferred long-term investment due to its stability, while silver appeals to investors seeking higher short-term returns.
Experts recommend diversifying between the two metals to balance safety and potential gains. With the festive season nearing, investment demand in bullion is expected to rise further.
On 19 September 2025, the bullion market presented a contrasting picture. Gold prices fell across all carats, while silver saw a sharp upward jump. The 24-carat gold rate is Rs 113,169 per 10 grams with GST, while silver touched Rs 132,355 per kilogram with GST.
As the festive season draws closer, both metals will likely remain in focus for investors and buyers. The coming weeks may witness more volatility, making it important for consumers to track daily updates before purchasing.
