The Indian bullion market witnessed a sharp rise in gold and silver prices on 12 September. By 9:30 am, the price of 24 carat gold jumped by more than ₹500 per 10 grams. Silver too followed the upward trend, recording an increase of more than ₹1000 per kilogram. Investors, traders, and buyers are closely monitoring these movements, as gold prices continue to approach record highs while silver maintains its strong pace.
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24 Carat Gold Price Today
On 12 September, 24 carat gold was trading at ₹109,561 per 10 grams at 9:30 am on the Multi Commodity Exchange (MCX). The yellow metal recorded an intraday low of ₹109,351 and a high of ₹109,580, reflecting the volatility in the market.
Gold rose by ₹580 per 10 grams, marking a steady upward trajectory in recent sessions. Analysts suggest that if this pace continues, 24 carat gold could soon touch the ₹110,000 mark per 10 grams.
Silver Price Today
Silver also witnessed a strong rally. At 9:35 am, 1 kilogram of silver was priced at ₹128,464 on the MCX. The precious metal registered a gain of ₹1526 per kilogram, signaling robust demand.
During the session, silver touched an intraday low of ₹127,599 and a high of ₹128,612. For comparison, the India Bullion and Jewellers Association (IBJA) recorded the price of 1 kilogram of silver at ₹124,594 yesterday evening, indicating a substantial overnight surge.
Gold and Silver Prices in Major Cities
Price variations across cities highlight regional demand and supply factors. Below are the updated gold and silver rates in key Indian cities:
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Patna: Gold ₹109,740 per 10 grams, Silver ₹127,930 per kg
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Jaipur: Gold ₹109,790 per 10 grams, Silver ₹127,980 per kg
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Kanpur: Gold ₹109,830 per 10 grams, Silver ₹128,030 per kg
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Lucknow: Gold ₹109,790 per 10 grams, Silver ₹127,960 per kg
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Bhopal: Gold ₹109,880 per 10 grams, Silver ₹128,060 per kg
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Indore: Gold ₹109,880 per 10 grams, Silver ₹128,060 per kg
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Chandigarh: Gold ₹107,380 per 10 grams, Silver ₹123,340 per kg
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Raipur: Gold ₹107,360 per 10 grams, Silver ₹123,400 per kg
According to these rates, Raipur is currently offering the cheapest gold at ₹107,360 per 10 grams, while Bhopal and Indore record the highest gold price at ₹109,880. For silver, Kanpur offers the lowest price at ₹128,030 per kilogram, whereas Chandigarh sees the highest price at ₹123,340 per kilogram.
Demand for 22 Carat Gold in Jewellery
For jewellery making, 22 carat gold remains the most popular choice among Indian buyers. Unlike 24 carat gold, which is softer, 22 carat gold is mixed with small amounts of other metals like copper and zinc. This alloy composition makes the gold more durable and suitable for crafting intricate jewellery designs.
Market Trends and Investor Sentiment
The surge in gold and silver prices reflects not only festive and wedding season demand but also broader economic trends. Precious metals are often considered safe-haven assets during periods of uncertainty. With gold prices moving steadily towards ₹110,000 per 10 grams, investors view it as a reliable option for portfolio diversification.
Silver, often referred to as the “poor man’s gold,” is also showing resilience. Its increasing use in industries such as solar panels and electronics has added to the bullish outlook.
On 12 September 2025, gold and silver prices in India surged significantly, with 24 carat gold touching ₹109,561 per 10 grams and silver climbing to ₹128,464 per kilogram. The upward trend highlights continued investor interest and rising consumer demand.
While Raipur remains the cheapest city for gold and Kanpur the lowest for silver, buyers in Bhopal, Indore, and Chandigarh face the highest prices. For jewellery purposes, 22 carat gold continues to dominate due to its strength and durability.
As gold approaches the ₹110,000 mark and silver maintains its strong pace, both metals remain central to India’s investment and cultural landscape. Buyers and investors alike are keeping a close watch on the market, anticipating further developments in the days ahead.
