**Gold Prices Cross ₹1.11 Lakh per 10g Mark in India**
*By Dwaipayan Roy | Sep 22, 2025, 05:22 PM*
Gold prices in India have surged past the ₹1.11 lakh per 10 grams mark today, driven by robust global cues and strategic investor positioning ahead of critical U.S. inflation data and key Federal Reserve officials’ comments scheduled this week.
On the Multi Commodity Exchange (MCX), the December gold futures rose by ₹799, or 0.72%. Meanwhile, the most actively traded October delivery contract gained ₹761, or 0.69%, reaching ₹1,10,608 per 10 grams.
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### International Market: Spot Gold Hits Record High
Globally, spot gold prices increased by 0.2%, reaching $3,691.53 per ounce. U.S. December gold futures climbed 0.6% to $3,727.40 per ounce, surpassing the previous record high of $3,707.40 per ounce.
Experts attribute this strong bullion performance to a dovish monetary policy stance and ongoing geopolitical tensions worldwide.
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### Fed’s Dovish Stance Boosts Gold Prices
The U.S. Federal Reserve recently cut interest rates by 25 basis points and hinted at potential further easing. This dovish approach has fueled a surge in gold prices. Market participants are now closely watching speeches from at least a dozen Fed officials this week, including Chair Jerome Powell.
Additionally, the upcoming U.S. core Personal Consumption Expenditure (PCE) data— the Fed’s preferred inflation indicator— is being eagerly anticipated for further market direction.
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### Market Outlook: Analysts Weigh In
Tim Waterer, Chief Market Analyst at KCM Trade, stated, “Gold is back on the doorstep of the $3,700 an ounce level and new highs could be reached this week if U.S. 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 of Precious Metals at Motilal Oswal Financial Services, noted that gold’s current strength is a combination of geopolitical tensions and expectations of further Fed rate cuts. He highlighted that the market probabilities for rate cuts in October and December stand at 93% and 81%, respectively.
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As gold prices continue to rally amid favorable economic signals and global uncertainties, investors are closely monitoring upcoming data and policy announcements for cues on the metal’s next move.
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