Gold Price Today: Yellow Metal Nears All-Time High On MCX, Silver Price Peaks - Know Why

Gold Price Today: The price of safe-haven metals surged on the MCX on September 12, 2025. Gold contracts with October 3, 2025 expiry surged 0.61 per cent to Rs 1,09,610 per 10 grams, inching close to their all-time high of Rs 1,09,840 per 10 grams. At the time of writing, Gold October 3, 2025 futures traded at Rs 1,09,425 per 10 grams, higher by Rs 444 or 0.41 per cent.

On the other hand, Silver futures with November 28, 2025 expiry surged by 1.35 per cent to an all-time high level of Rs 1,28,464 per kg. At the time of writing, Silver November 28, 2025 futures were trading at Rs 1,28,342 per kg, up by Rs 1,598 or 1.26 per cent. The commodity prices surged on the MCX amid renewed hopes of the US Federal Reserve announcing an interest rate cut on September 16-17, 2025.

Additionally traders are also awaiting the release of key US economic data while also awaiting greater clarity on Fed’s September policy meeting. A rise in jobless claims and weak US jobs data are likely to prompt the Fed to ease monetary policy. An easing of monetary policy is expected to further boost gold prices. Notably, lower interest rates lead to gold becoming more lucrative for investors compared to assets, such as bonds.

Physical Gold Prices On September 12

Spot silver prices remained around $42.47 per troy ounce, up by $0.66 or 1.57 per cent, while spot gold prices remained around $3,666.30 per troy ounce, up by $15.8 or 0.43 per cent. The price of one gram of 24-karat gold was around Rs 11,128, the price of one gram of 22-karat gold was around Rs 10,200, and the price of 18 karat gold was around Rs 8,346 per gram. The price of physical silver remained around Rs 1.32 lakh per kg.

The price of 24 karat gold in Delhi was Rs 11,143 per gram, the price of one gram of 22 karat was Rs 10,215 per gram and the price of 18 karat gold per gram remained around Rs 8,361. Gold prices in Mumbai also surged with the price of one gram of 24 karat gold at Rs 11,128.

The price of one gram of 22 karat was Rs 10,200 and 18 karat was Rs 8,346 per gram. In Chennai, 24 karat gold prices remained around Rs 11,171 per gram, the price of 22 karat remained around Rs 10,240 per gram, and the price of 18 karat was around Rs 8,475 per gram.

The price of 24 karat gold in Bengaluru was Rs 11,128 per gram and the prices of 22 karat gold and 18 karat gold were Rs 10,200 per gram and Rs 8,346 per gram, respectively.

Historical Gold Price

The price of physical 24 karat gold has surged over 1,475 per cent to Rs 1,10,290 per 10 grams in 2025 compared to Rs 7,000 per 10 grams in 2005. In the past one year, 24 karat gold prices have surged by 41 per cent from Rs 77,913.

The gains come amid volatility in the stock market and uncertainty amid trade tariff changes and geopolitical conflicts between India-Pakistan, Russia-Ukraine and Iran and Israel. In the same timeframe, the price of one kg of silver has grown by over 908 per cent to Rs 1,07,700 per kg in 2025, up from Rs 10,675 per kg in 2005.