Unstoppable Gold Rally on September 12, 2025 – 24 Carat Gold Surges in India, Silver Shines Too: Check Latest Rates in Major Cities
Gold Price Today Skyrockets: 24 Carat Rates Near ₹1.1 Lakh as Silver Hits Record Highs – City-Wise Update from Indore to Patna
Gold has always been more than just a precious metal in India—it’s an emotion, a trusted investment, and a symbol of prosperity. From weddings to festive occasions, gold plays a vital role in every household. On September 12, 2025, the gold market witnessed a dramatic surge, leaving investors and buyers curious about the price movements across the country. At 9:30 am, the 24-carat gold price rose by ₹525 per 10 grams in the Multi Commodity Exchange (MCX), sparking excitement and speculation. Alongside gold, silver too joined the rally, reflecting an upward momentum. With such price fluctuations, many wonder if gold could soon touch the landmark figure of ₹1,10,000 per 10 grams. In this article, we break down the latest gold and silver rates, city-wise variations, and why 22-carat gold remains the top choice for jewelry lovers. 💎
Gold Price Today in India 📈
As of September 12, 2025, gold prices have taken a sharp upward turn. The 24-carat gold price stood at ₹109,561 per 10 grams at 9:30 am, marking an increase of ₹580 from earlier levels. During the same trading session, gold recorded a low of ₹109,351 and a high of ₹109,580, showing significant volatility in the bullion market.
Experts suggest that global market fluctuations, changes in the dollar index, and domestic demand during the festive season are contributing factors to this stormy rise. If this bullish trend continues, we could soon witness gold breaching ₹1,10,000 per 10 grams—a historic milestone in India’s gold market. 🌏💹
Silver Price Movement Today 🪙
While gold glittered bright, silver too showcased its shine. At 9:35 am, silver prices touched ₹128,464 per kg in MCX, with an impressive gain of ₹1,526. During the session, silver recorded a low of ₹127,599 and a high of ₹128,612, reflecting a strong buying interest.
Interestingly, the Indian Bullion and Jewellers Association (IBJA) had recorded silver prices at ₹124,594 per kg just yesterday evening, meaning silver gained nearly ₹3,870 within hours. This indicates strong momentum for both gold and silver investors. 📊
City-Wise Gold and Silver Prices in India 🏙️
One of the fascinating aspects of gold trading in India is its regional price variation. Despite being the same metal, prices differ from city to city due to local demand, taxes, and logistics. Let’s look at the city-wise rates for September 12, 2025.
- Patna – Gold: ₹109,740 | Silver: ₹127,930
- Jaipur – Gold: ₹109,790 | Silver: ₹127,980
- Kanpur – Gold: ₹109,830 | Silver: ₹128,030
- Lucknow – Gold: ₹109,790 | Silver: ₹127,960
- Bhopal – Gold: ₹109,880 | Silver: ₹128,060
- Indore – Gold: ₹109,880 | Silver: ₹128,060
- Chandigarh – Gold: ₹107,380 | Silver: ₹123,340
- Raipur – Gold: ₹107,360 | Silver: ₹123,400
From this data, it’s clear that:
- Raipur offers the cheapest gold at ₹107,360 per 10 grams.
- Indore and Bhopal lead with the highest gold prices at ₹109,880 per 10 grams.
- When it comes to silver, Chandigarh records the most expensive price at ₹123,340 per kg, while Kanpur has the cheapest silver at ₹128,030 per kg.
This variation highlights the importance of checking local rates before making any purchase. 🌍
Why 22 Carat Gold is Popular for Jewelry 💍
Although 24-carat gold is pure and valuable, it is too soft for daily wear jewelry. This is where 22-carat gold becomes the preferred choice. It contains a small percentage of other metals like copper or silver, which adds durability and strength.
For Indian households, 22-carat gold jewelry strikes the perfect balance between purity and practicality. It is ideal for necklaces, bangles, rings, and other ornaments. Moreover, 22-carat gold retains high resale value, making it a smart investment.
Factors Influencing Gold Price in India 📊
Gold prices don’t just rise or fall randomly. Several domestic and international factors play a key role:
- Global Economic Trends – International inflation rates, U.S. Federal Reserve policies, and dollar strength directly affect gold prices.
- Festive & Wedding Season Demand – In India, gold demand skyrockets during festivals like Diwali, Dhanteras, and wedding seasons, pushing up rates.
- Geopolitical Tensions – Wars, political instability, and global conflicts often lead to increased gold investments as people seek safe assets.
- Currency Fluctuations – A weaker Indian rupee against the dollar typically results in higher gold prices.
- Import Duties and Taxes – Government-imposed tariffs on gold imports also influence final prices across Indian cities.
Will Gold Cross ₹1,10,000 Soon? 🤔
Given the upward trend and high volatility, many analysts predict that gold could soon touch ₹1,10,000 per 10 grams. However, much depends on international developments and domestic market demand.
For short-term investors, the surge presents an opportunity to book profits. For long-term investors, gold remains a safe-haven asset, capable of weathering economic uncertainties.
Conclusion 📝
Gold and silver prices in India are witnessing a strong upward momentum, fueled by both global and domestic factors. As of today, 24-carat gold hovers around ₹109,561 per 10 grams, while silver has surged to ₹128,464 per kg. With Raipur offering the cheapest gold and Indore/Bhopal leading with the highest prices, regional differences continue to shape buyer decisions. For jewelry lovers, 22-carat gold remains the best choice due to its strength and beauty. Looking ahead, if the bullish momentum continues, we may soon witness gold touching an unprecedented ₹1,10,000 per 10 grams. ✨
FAQs ❓
Q1. What is the price of 24-carat gold today in India?
As of September 12, 2025, the price of 24-carat gold is around ₹109,561 per 10 grams.
Q2. Which city has the cheapest gold today?
Raipur has the cheapest gold today at ₹107,360 per 10 grams.
Q3. Why is 22-carat gold better for jewelry?
22-carat gold contains small amounts of other metals, making it stronger and more suitable for daily-wear ornaments.
Q4. What is today’s silver price in India?
Silver is priced at around ₹128,464 per kg in MCX as of 9:35 am.
Q5. Will gold cross ₹1,10,000 soon?
Yes, analysts suggest that if current trends continue, gold may soon reach ₹1,10,000 per 10 grams.
