India · INR · September 2025

Gold Price in IndiaSeptember 2025

In September 2025, the gold price in India closed at approximately ₹348,060 per troy ounce, equivalent to ₹130,525 per tola or ₹11,190 per gram. This represents a +10.96% change on the month (₹313,684 open → ₹348,060 close).

+10.96% on the month

Open

₹313,684

per troy ounce

Close

₹348,060

per troy ounce

High

₹348,060

per troy ounce

Low

₹313,684

per troy ounce

All unit prices at September 2025 close — India

UnitWeightClosing INR price
Troy ounce31.1035 g₹348,060
Gram1.0000 g₹11,190
10 grams10 g₹111,904
Kilogram1,000 g₹11,190,377
Tola11.664 g₹130,525
INR prices computed from XAU/USD ($3,872.30/oz close) × 2025-end INR/USD rate (89.8845). Pure metal value only — excludes local taxes and dealer making charges.

Karat-purity breakdown at September 2025 close

KaratPer gramPer tola
24K₹11,179₹130,394
22KINDIA STD₹10,250₹119,560
21K₹9,792₹114,209
18K₹8,393₹97,893
14K₹6,546₹76,357
10K₹4,666₹54,429

Daily gold price in INRSeptember 2025

30 trading days
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September 2025 gold market: A weak dollar powers the rally on

Bullish

Dollar weakness — gold's most reliable tailwind — drove it higher.

Gold remained strong in September as the US dollar weakened significantly through 2025 — one of the most reliable relationships in markets is that a falling dollar lifts gold. Reviving rate-cut expectations and continued investment demand reinforced the sustained bullish trend.

What drove gold in September 2025

  • significant US dollar weakness
  • Fed rate-cut expectations
  • continued investment demand
  • central-bank buying
Themes#US dollar weakness#Fed rate cuts#investment demand

Key events in September 2025

  1. Sep 17Fed signals/begins easing; dollar weakens, gold strengthens (verify date)

What happened next

Momentum and an actual rate cut carried gold to the historic $4,000 milestone in October.

For gold buyers in India

September leaned on gold's most dependable driver: when the dollar falls, gold tends to rise — and in 2025 the dollar fell hard.

Key terms this month

Dollar–gold inverse relationship:
Gold is priced in US dollars, so a weaker dollar generally makes gold cheaper for other currencies and lifts its price — one of the strongest relationships in markets.

The 2025 gold market: Continued bull market and de-dollarization signals

2025 saw gold continue its bull market with prices reaching new highs above $3,000/oz. BRICS+ expansion (UAE, Iran, Egypt, Ethiopia) accelerated. Central-bank buying remained at record levels. The era of structural gold appreciation continued through the year.

Key drivers in 2025

Continued central-bank buying, BRICS+ settlement infrastructure, USD reserve share declining, AI-era productivity boom

2025 XAU/USD high

Above $3,000

2025 XAU/USD low

$2,580 (approx)

Era context — The modern bull market (2019 to today)

Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.

The India gold market

India is the world's second-largest retail gold consumer behind China. Retail prices are quoted per 10 grams in 22-karat purity (the jewellery standard). Imports attract a basic customs duty (currently around 12.5%) plus 3% GST, plus state-level taxes — so retail rates run notably above international spot. The Indian Bullion and Jewellers Association (IBJA) publishes a daily reference rate that most regional jewellers benchmark against.

Standard quote unit

10 grams

Common purity

22K

Currency

INR ()

Daily gold price — September 2025, India

How India gold prices are calculated on this page

Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The INR/USD exchange rate comes from exchangerate-api.com's 2025 year-end snapshot.

Conversion. Every INR figure on this page is computed as XAU/USD price × INR/USD rate. We use the year-end exchange rate consistently across all September 2025 prices on this page.

Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).

What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in India, add the country-specific levies described in the “Indiagold market” section above.

FAQ — India gold price in September 2025

What was the gold price in India in September 2025?

In September 2025, gold in India opened at ₹313,684/oz and closed at ₹348,060/oz — a move of +10.96% on the month. Per tola: ≈₹130,525; per gram: ≈₹11,190; per 10g: ≈₹111,904.

What was the 24K gold rate per tola in India in September 2025?

The 24K gold rate per tola in India at the September 2025 close was approximately ₹130,525, derived from international XAU/USD spot of $3,872.30/oz times the 2025-end INR/USD exchange rate of 89.8845. This is pure metal value; final retail rates include local taxes and dealer making charges.

What was the 22K gold rate per 10 grams in India in September 2025?

India's most-quoted retail standard is 22K per 10 grams. At the September 2025 close, that worked out to approximately ₹102,504 (22K pure-metal value). Add local taxes and making charges for the final retail rate.

How was the local currency price calculated?

INR prices on this page are computed from the verified international XAU/USD spot price for September 2025 (sourced from gold-api.com), multiplied by the 2025-end INR/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.

Why does the retail price in shops differ from this number?

The ₹ figures here represent the international gold spot price converted to INR at the 2025-end exchange rate. India's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.

Want today's rate in India? See live gold prices in India with minute-by-minute updates and per-karat breakdowns.

Different month or year? Use the prev / next buttons above, or jump to the full 2025 archive or the USD-only September 2025 page with the country-by-country list at the bottom.

Other markets? Compare September 2025 prices across other major gold-trading countries: Pakistan, United Arab Emirates, Saudi Arabia, United States, United Kingdom.

Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to INR at the 2025-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in India before transacting.