Gold price today: Gold rates declined in the domestic futures market on Wednesday (10 September, 2025) morning on profitbooking at higher levels amid fresh hopes of an imminent India-US trade deal. MCX Gold October futures were 0.24 per cent down at ₹1,08,775 per 10 grams around 9:40 am. However, MCX Silver December futures were 0.34 per cent up at ₹1,25,000 per kg at that time.
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Gold Price Today Down
US President Donald Trump’s latest update on India-US trade negotiations rekindled investors’ risk appetite. Market benchmarks, the Sensex and the Nifty 50, jumped by about half a per cent each in early trade.
On Tuesday (US local time), Trump said that India and the US “are continuing negotiations to address the trade barriers between the two nations.”
Concerns over US tariffs and their potential impact on the economy have been major triggers for the recent uptrend in gold prices. However, hopes of a US Fed rate cut this month keep sentiment positive for bullion.
There is widespread expectation that the US central bank will announce a 25 bps rate cut on September 17 as the US jobs market is flashing stress signals.
As Reuters reported, quoting government data that “the US economy likely created 9,11,000 fewer jobs in the 12 months through March than previously estimated.” This indicates job growth was already declining after Trump’s tariffs and immigration policies.
Spot Gold Price
US gold prices were flat on Wednesday, as investors awaited key inflation reports due later this week, while expectations of a US interest rate cut this month helped keep bullion above the critical $3,600-per-ounce level.
Spot gold held its ground at $3,624.39 per ounce, as of 0101 GMT, after hitting a record high of $3,673.95 on Tuesday.
US gold futures for December delivery slipped 0.5 per cent to $3,662.30.
Gold prices have gained 38 per cent so far this year, following a 27 per cent jump in 2024, bolstered by soft dollar, strong central bank accumulation, dovish monetary settings and heightened global uncertainty.
Elsewhere, spot silver fell 0.3 per cent to $40.77 per ounce. Platinum gained 0.2 per cent to $1,370.44 and palladium slipped 0.8 per cent to $1,138.817.