Gold Price Today: Gold is steadily rising during Navratri; here is the rate for 10 grams of gold on September 23rd.

Gold Price Today: Navratri Pushes Gold Rates Higher, 10 Grams of 24K Gold Nears ₹1.13 Lakh on September 23

Gold prices in India continued their upward momentum on the second day of Navratri, with bullion markets across the country witnessing a steady rise. On Monday, September 23, 2025, the price of 10 grams of 24-carat gold climbed close to ₹1,13,200 in major northern cities such as Delhi, Noida, Ghaziabad, Lucknow, and Jaipur. Similarly, in financial hubs like Mumbai and Kolkata, gold prices hovered around ₹1,13,080 per 10 grams.

Alongside gold, silver too maintained its rally, trading near ₹1,38,100 per kilogram, reflecting robust investor interest during the festive season.

Why Are Gold and Silver Becoming Expensive?

The primary driver behind the sharp rise in gold prices lies in the global market trend. Hints from the US Federal Reserve about a possible dovish stance and expectations of at least two rate cuts later this year have weakened the dollar and government bond yields. This shift has redirected investors towards safe-haven assets such as gold and silver, lifting their international prices and, in turn, influencing domestic bullion markets.

Another factor supporting the rally is the increased demand from investors and central banks. Exchange-Traded Funds (ETFs) are witnessing consistent inflows, and several central banks are expanding their gold reserves. This combination of institutional buying and festive demand in India has pushed gold and silver to new heights.

City-Wise Gold Rates on September 23, 2025

Here’s a snapshot of gold prices in major Indian cities:

• Delhi: 24K gold – ₹1,13,230 per 10g; 22K gold – ₹1,03,810 per 10g

• Noida: 24K gold – ₹1,13,230 per 10g; 22K gold – ₹1,03,810 per 10g

• Ghaziabad: 24K gold – ₹1,13,230 per 10g; 22K gold – ₹1,03,810 per 10g

• Lucknow: 24K gold – ₹1,13,230 per 10g; 22K gold – ₹1,03,810 per 10g

• Jaipur: 24K gold – ₹1,13,230 per 10g; 22K gold – ₹1,03,810 per 10g

• Patna: 24K gold – ₹1,13,080 per 10g; 22K gold – ₹1,03,350 per 10g

• Bhubaneswar: 24K gold – ₹1,13,080 per 10g; 22K gold – ₹1,03,350 per 10g

• Mumbai: 24K gold – ₹1,13,080 per 10g; 22K gold – ₹1,03,350 per 10g

• Kolkata: 24K gold – ₹1,13,080 per 10g; 22K gold – ₹1,03,350 per 10g

• Chennai: 24K gold – ₹1,13,790 per 10g; 22K gold – ₹1,04,310 per 10g

• Ahmedabad: 24K gold – ₹1,13,080 per 10g; 22K gold – ₹1,03,350 per 10g

• Bengaluru: 24K gold – ₹1,13,080 per 10g; 22K gold – ₹1,03,350 per 10g

• Hyderabad: 24K gold – ₹1,13,080 per 10g; 22K gold – ₹1,03,350 per 10g

• Gurugram: 24K gold – ₹1,13,230 per 10g; 22K gold – ₹1,03,810 per 10g

Delhi Gold Hits Record High Before Correction

Interestingly, just a day earlier, on September 22, Delhi’s bullion market recorded an all-time high. Gold surged by ₹2,200 in a single session, touching ₹1,16,200 per 10 grams of 99.9% purity—its highest level ever recorded. The sharp rise was followed by a mild correction, bringing prices back to the current range.

According to the All India Bullion and Jewellers Association (AIBJA), the festive season, coupled with international trends, has been a major catalyst for the price surge.

Festive Season Demand Boosts Sentiment

With Navratri underway and Diwali just weeks away, the demand for gold ornaments, coins, and bars is expected to strengthen further. Traditionally, Indian households purchase gold during auspicious occasions, considering it both a symbol of prosperity and a safe investment.

This cultural demand, combined with international cues, is likely to keep prices elevated in the near term. Analysts also believe that if the US Fed proceeds with its rate cut roadmap, gold could sustain above ₹1.15 lakh per 10 grams in the coming months.

Key Takeaway

Gold and silver prices are on a firm uptrend, driven by global monetary policies, central bank buying, and festive demand. With 24-carat gold already nearing ₹1.13 lakh per 10 grams and silver above ₹1.38 lakh per kilogram, investors and buyers should expect continued volatility.

For those planning to buy gold this Navratri, industry experts suggest making purchases sooner rather than later, as the festive and wedding season may add more pressure on prices in the weeks ahead.