The yellow metal extended its winning streak this week, while silver soared to a fresh record high on Friday, September 12, amid expectations that the US Federal Reserve could move towards an interest rate cut.
On the Multi Commodity Exchange (MCX), Gold October 3 contracts closed at ₹1,09,356 per 10 grams, up 0.34% during Friday’s trade. Silver December 5 contracts ended at ₹1,28,840 per kg, reflecting the strong momentum in the precious metals market.
Performance Snapshot
Gold has been one of the best-performing assets of 2025, gaining nearly 42% year-to-date. Over the last two decades, its price has surged more than 1,200% — from ₹7,638 in 2005 to over ₹1,00,000 in 2025 — with positive returns recorded in 16 of the past 20 years.
Silver too has delivered remarkable growth, maintaining levels above ₹1 lakh per kg for an extended period. Since 2005, its value has appreciated by around 668.84%, underscoring its resilience as a long-term investment.
Spot Prices – September 13
According to the Indian Bullion Association (IBA), 24-carat gold closed at ₹1,09,800 per 10 grams, while 22-carat gold stood at ₹1,00,650 per 10 grams. Silver 999 Fine was priced at ₹1,28,710 per kg.
Here are city-wise bullion and MCX rates for Saturday, September 13:
- Mumbai: Gold ₹1,09,600/10 gm | Silver ₹1,28,480/kg
- Delhi: Gold ₹1,09,410/10 gm | Silver ₹1,28,260/kg
- Kolkata: Gold ₹1,09,460/10 gm | Silver ₹1,28,310/kg
- Bengaluru: Gold ₹1,09,690/10 gm | Silver ₹1,28,580/kg
- Hyderabad: Gold ₹1,09,780/10 gm | Silver ₹1,28,680/kg
- Chennai: Gold ₹1,09,920/10 gm | Silver ₹1,28,850/kg
What Buyers Should Note
Retail buyers must keep in mind that the above prices are exclusive of additional charges. Jewellers typically levy making charges, GST, and other taxes, which push the final purchase price higher.
With global cues pointing to easier monetary policy, both gold and silver are likely to remain in focus as safe-haven assets in the months ahead.
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