Gold on the MCX has made history in 2025, posting positive monthly returns for the first nine months of the year. Gains include 7.7% in January, 3.7% in February, 4.6% in March, 5.9% in April, 1.2% in May, 0.6% in June, 2.5% in July, 4% in August, and a sharp 11.7% so far in September.
In India, gold continues to attract both investors and consumers, driven by festive and wedding demand, safe-haven buying, and rupee depreciation. As of September 24, 24-karat gold is priced at ₹11,537 per gram, 22-karat at ₹10,575, and 18-karat (999) at ₹8,653, per Goodreturns.
Aksha Kamboj of IBJA attributed gold’s rise to domestic demand and global expectations of US interest rate cuts and dollar weakness. Colin Shah of Kama Jewelry highlighted that geopolitical tensions and US economic uncertainty have lifted prices above ₹1.10 lakh per 10 grams. While high prices may curb short-term retail buying, demand remains strong for lightweight 14K–18K jewellery, coins, and bars.
Globally, gold retreated slightly after a record high, with spot prices down 0.3% at $3,753.22. Investors await key US economic data and rate-cut signals for further cues.
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