**Gold Prices Surge Past ₹1.11 Lakh per 10g in India**
*By Dwaipayan Roy | Sep 22, 2025, 05:22 PM*
Gold prices in India have crossed the ₹1.11 lakh mark per 10 grams today, fueled by strong global cues and strategic investor positioning ahead of key US inflation data and comments from Federal Reserve officials scheduled for this week.
On the Multi Commodity Exchange (MCX), December gold futures surged by ₹799, or 0.72%. The most actively traded October delivery contract also rose by ₹761, or 0.69%, reaching ₹1,10,608 per 10 grams.
**International Market: Spot Gold Hits Record High**
Globally, spot gold increased by 0.2% to $3,691.53 per ounce, while US December gold futures climbed 0.6% to $3,727.40 per ounce. The metal recently touched a record high of $3,707.40 per ounce. Experts attribute the strong bullion performance to a dovish monetary policy stance and ongoing geopolitical tensions worldwide.
**Fed’s Dovish Stance Boosts Gold Prices**
The US Federal Reserve’s recent 25 basis points rate cut, coupled with hints at further easing, has significantly boosted gold prices. Markets are now keenly awaiting speeches from at least a dozen Fed officials this week, including Chair Jerome Powell. Additionally, the upcoming US core Personal Consumption Expenditure (PCE) data, the Fed’s preferred inflation measurement, is under close watch.
**Market Outlook: Analysts Predict Further Gains**
Tim Waterer, Chief Market Analyst at KCM Trade, remarked, “Gold is back on the doorstep of the $3,700 an ounce level and new highs could be reached this week if US macro data continues to support the dovish Fed narrative.”
Darshan Desai, CEO of Aspect Bullion & Refinery, added, “With the auspicious beginning of Navratri, domestic markets may see some buying traction.”
Manav Modi, Analyst Precious Metals at Motilal Oswal Financial Services, noted that gold’s current strength is driven by a combination of geopolitical tensions and anticipated Fed rate cuts. He highlighted market expectations of rate cuts in October and December, with probabilities of 93% and 81%, respectively.
**Key Factors Driving Gold Prices Higher**
– Anticipation of further US interest rate cuts
– Fed’s dovish monetary policy stance
– Geopolitical uncertainties globally
– Festive buying momentum in domestic markets
As global economic dynamics continue to unfold, gold remains a favored safe-haven asset among investors, with prices poised for potential further gains in the near term.
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