Gold rate today: Yellow metal's prices rise, check latest rates in your city on September 19

Gold rate on September 19

Gold prices increased on September 19. Gold's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 1,09,254 per 10 grams today.

Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on September 19:

City-wise gold rates on September 19:

"Gold price witnessed high swings, as after recording some profit booking, a quick recovery was seen in the second half of the previous session.  Fed resumed rate cuts and opened the door to further easing, but tempered its message with warnings of sticky inflation, sowing doubt over pace of future easing," said Manav Modi, Analyst – Precious Metal -Research, Motilal Oswal Financial Services.

"Fed Chair Jerome Powell characterised policy action as a risk-management cut in response to the weakening labour market and said the central bank was in a "meeting-by-meeting situation" regarding the rate outlook. Dot plot showed that there was no change in rate cut probability in 2026 and 2027 while, growth forecast was also increased keeping the market on the edge regarding the monetary policy ahead. On data front, number of Americans filing new applications for unemployment benefits fell last week, data showed, but the labour market has softened as demand for and supply of workers have diminished," the analyst added.

"Meanwhile, gold exports from Switzerland to China jumped 254% in August compared with July. As Fed cut its rates after eight months pause, BOE and PBoC kept their interest rates unchanged in recent announcement. No major data points are scheduled on the economic calendar from the US," he further said.

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