Gold Rate Today: Gold Prices Continue to Surge on September 12, Check Latest Rates Across Cities
Gold prices in India maintained their upward momentum on Friday, September 12, 2025, with both 22-carat and 24-carat gold trading at record levels. On the Multi Commodity Exchange (MCX), gold and silver extended their rally amid international market cues and growing investor demand.
Gold Prices Touch New Highs
As of today, 22-carat gold is priced above ₹1,02,000 per 10 grams in most major cities, while 24-carat gold has climbed past ₹1,11,000 per 10 grams. This surge in prices is largely attributed to global economic factors, including a weakening US dollar and expectations of future interest rate cuts.
In the global market, gold prices are nearing $3,650 per ounce, close to an all-time high. Silver, too, has shown a sharp rally, crossing $42 an ounce for the first time since 2011.
Silver Prices Also Rise
Alongside gold, silver prices have surged significantly. On Friday, silver was trading at around ₹1,32,000 per kilogram, marking a jump of ₹2,100 from the previous day when it stood at ₹1,29,900 per kilogram. On MCX, silver gained 1.14% and was seen trading at ₹1,28,383 per kilogram earlier in the session.
Expert Insights on the Rally
According to Rahul Kalantri, Vice-President (Commodities) at Mehta Equities, gold prices are being strongly supported by safe-haven demand as the US dollar weakens. “Investors are shifting towards gold as the Federal Reserve is expected to reduce interest rates in the coming quarters. Meanwhile, central banks worldwide are consistently adding gold reserves, which is boosting the market further,” he said.
The continuous rise in both gold and silver has now extended into the fourth consecutive week, strengthening confidence among investors and traders alike.
Gold Rates in Major Indian Cities (September 12, 2025)
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Delhi: ₹1,02,150 (22k) / ₹1,11,430 (24k)
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Chennai: ₹1,02,000 (22k) / ₹1,11,280 (24k)
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Mumbai: ₹1,02,050 (22k) / ₹1,10,520 (24k)
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Kolkata: ₹1,02,050 (22k) / ₹1,10,520 (24k)
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Jaipur: ₹1,02,150 (22k) / ₹1,11,430 (24k)
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Noida: ₹1,02,150 (22k) / ₹1,11,430 (24k)
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Ghaziabad: ₹1,02,150 (22k) / ₹1,11,430 (24k)
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Lucknow: ₹1,02,150 (22k) / ₹1,11,430 (24k)
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Bengaluru: ₹1,02,050 (22k) / ₹1,11,280 (24k)
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Patna: ₹1,02,050 (22k) / ₹1,11,330 (24k)
Why Are Gold Prices Rising?
Gold has traditionally been considered a safe-haven asset, especially during times of economic uncertainty. The current price rally is being driven by several factors:
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Weakening Dollar – As the US dollar loses strength, investors turn to gold as an alternative store of value.
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Expectations of Rate Cuts – Anticipation that the Federal Reserve will cut interest rates is pushing investors toward gold, as lower rates reduce the opportunity cost of holding non-yielding assets like precious metals.
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Central Bank Buying – Global central banks are steadily increasing their gold reserves, lending further support to prices.
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Strong Demand in India – In India, gold demand is also seasonal, driven by weddings and festivals, making it an essential part of cultural and investment portfolios.
How Gold Prices Are Determined in India
In India, gold rates depend on several factors, including international market trends, import duties, local taxes, and the rupee-dollar exchange rate. Price fluctuations are common on a daily basis due to these interconnected variables. Beyond its ornamental value, gold remains one of the most trusted forms of investment and savings across Indian households.
Outlook
Analysts suggest that if the dollar continues to weaken and interest rates are lowered further, gold could climb even higher in the coming weeks. Investors are advised to keep a close watch on global economic indicators as well as domestic demand trends before making investment decisions.
With gold and silver prices continuing to soar, buyers may need to prepare for higher costs during the upcoming festive season, while long-term investors could find this rally an encouraging sign of strong returns.
