Gold Prices Volatile as Investors Assess US Interest Rates and Geopolitics

The gold price in India has been volatile due to investors' attempts to assess prospects for US interest rates, the US dollar, and geopolitical issues. On September 25, 2026, gold prices within the country were high despite a fall from August highs. The price of 24K gold was at ₹15,284 per gram, while 22K gold was priced at ₹14,010 per gram and 18K gold at ₹11,463 per gram.

The international market for precious metals is determining the tone for domestic prices, with gold priced at $4,294 per troy ounce during the first session on September 25. The price of gold futures in the United States was $4,324.80.

MCX gold futures were quoted at ₹1,50,841 per 10 grams, which is 0.09% higher than the previous day's closing price. MCX gold futures price of around ₹1,54,263 per 10 grams, rising by 0.84%, due to a different contract and update time in the day.

Short-term direction of gold will continue to be driven by interest rate levels, US dollar, and Federal Reserve expectations, with geopolitical tension acting as a support from the angle of a safe haven asset.