Gold and Silver Ease from Record Highs as Traders Book Profits
By Shishta Dutta | Published at: Sep 24, 2025 05:36 PM IST
New Delhi, September 24: The prices of precious metals gold and silver fell today on the Multi Commodity Exchange (MCX). The key reason for the fall in the prices is profit-booking by investors as the prices were hovering at their record-high levels for a few days. Investors also remained cautious because of the communication by US Federal Reserve Chair Jerome Powell regarding interest rate cuts.
The fall in both the metals in India was mirrored by global prices, which also fell from their historic levels. Gold December futures were trading 0.44% lower at USD 3,799.07 per ounce, while silver December futures fell 0.44% to USD 44.41 per ounce.
Gold Futures Fall By ₹311
At 3:15 PM, today, gold futures with the expiry of 3 October 2025 were trading 0.27%, or ₹311 lower at ₹1,13,525 per 10 grams. Until now, it has traded within a range of ₹1,13,838 and ₹1,13,253. The traded lots volume stands at 3,662, with the average price per unit of ₹1,13,605.42.
Silver Contracts Also Fall by ₹266
At 3:15 PM, silver futures with the expiry of 5 December 2025 were trading 0.20%, or ₹266 lower at ₹1,34,796 per 10 grams. Until now, it has traded within a range of ₹1,35,353 and ₹1,34,251. The traded lots volume stands at 9,041, with the average price per unit of ₹1,34,887.65.
No Risk Free Path
The fall in the prices of precious metals comes after Powell warned that there is no ‘risk-free path’ for monetary policy. He said that cutting interest rates too quickly could leave inflation unchecked, while holding policy restrictive for too long could hurt the labour market.
It remains to be seen how the prices perform in the coming days. With geopolitical tensions still existing, analysts believe that the fall may be limited and temporary, given all the external factors are not majorly negative.
Gold and Silver Ease from Record Highs as Traders Book Profits
New Delhi, September 24: The prices of precious metals gold and silver fell today on the Multi Commodity Exchange (MCX). The key reason for the fall in the prices is profit-booking by investors as the prices were hovering at their record-high levels for a few days. Investors also remained cautious because of the communication by US Federal Reserve Chair Jerome Powell regarding interest rate cuts.
The fall in both the metals in India was mirrored by global prices, which also fell from their historic levels. Gold December futures were trading 0.44% lower at USD 3,799.07 per ounce, while silver December futures fell 0.44% to USD 44.41 per ounce.
Gold Futures Fall By ₹311
At 3:15 PM, today, gold futures with the expiry of 3 October 2025 were trading 0.27%, or ₹311 lower at ₹1,13,525 per 10 grams. Until now, it has traded within a range of ₹1,13,838 and ₹1,13,253. The traded lots volume stands at 3,662, with the average price per unit of ₹1,13,605.42.
Silver Contracts Also Fall by ₹266
At 3:15 PM, silver futures with the expiry of 5 December 2025 were trading 0.20%, or ₹266 lower at ₹1,34,796 per 10 grams. Until now, it has traded within a range of ₹1,35,353 and ₹1,34,251. The traded lots volume stands at 9,041, with the average price per unit of ₹1,34,887.65.
No Risk Free Path
The fall in the prices of precious metals comes after Powell warned that there is no ‘risk-free path’ for monetary policy. He said that cutting interest rates too quickly could leave inflation unchecked, while holding policy restrictive for too long could hurt the labour market.
It remains to be seen how the prices perform in the coming days. With geopolitical tensions still existing, analysts believe that the fall may be limited and temporary, given all the external factors are not majorly negative.
REF:https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/GOLD/03OCT2025
https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/SILVER/05DEC2025
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/GOLD/03OCT2025
https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/SILVER/05DEC2025
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
