Big Jump In Gold Rates Today, 16th Sept: 22 & 24K/100 Gm Zooms Over Rs 8,000; 1 Kg Silver Hits Rs 1.34 Lakh

A weaker dollar and rising demand for gold, especially as the wedding and festival seasons get closer, contributed to a sharp rise in gold prices in India today, September 16, despite expectations of a rate cut and dovish signals from the US Federal Reserve. In India, 24 carat gold currently costs Rs 11,193 per gram, 22 carat gold costs Rs 10,260 per gram, and 18 carat gold costs Rs 8,395 per gram. As investors awaited the Fed's policy meeting, spot gold lingered close to a record $3,670 per ounce on Tuesday. Meanwhile, MCX gold is still hovering close to its all-time high after rising about 12% in only one month.

Gold & Silver Prices In India Today

Today, September 16, 2025, saw a huge spike in 24-carat gold prices in India, with rates climbing for all weight categories. One gram of gold now costs Rs 11,193, up Rs 87 from yesterday's price of Rs 11,106. Similarly, the price of 8 grams of gold has increased by Rs 696 to Rs 89,544. In comparison to Monday's previous price of Rs 11,10,600, 10 grams increased by Rs 870 to Rs 1,11,930, while 100 grams surged by Rs 8,700 to Rs 11,19,300.

Today, September 16, 2025, the price of 22-carat gold in India rose and demonstrated gains in all weight slabs. One gram of gold now costs Rs 10,260, up Rs 80 from yesterday's price of Rs 10,180. In a similar vein, 8 grams increased in price by Rs 640 to Rs 82,080, while 10 grams shot up by Rs 800 to Rs 1,02,600. 100 grams went up by Rs 8,000 for bulk purchasers, reaching Rs 10,26,000 from Rs 10,18,000 previously.

Tuesday saw a notable increase in the price of 18-carat gold in India, with rises observed in every category. One gram of gold now costs Rs 8,395 instead of Rs 8,329 it did yesterday, a rise of Rs 66. In a similar vein, 8 grams saw a price rise of Rs 528 to Rs 67,160, while 10 grams saw a surge of Rs 660 to Rs 83,950 from Rs 83,290. In comparison to yesterday's price of Rs 8,32,900, 100 grams increased by Rs 6,600 to Rs 8,39,500.

The price of silver in India today is Rs 134 per gram and Rs 1,34,000 per kilogram compared to Rs 133 and Rs 1,33,000 yesterday.

MCX Gold Outlook Today

"On the technical front, MCX gold continues to hover near its all-time high, having surged nearly 12% within a month. Currently, MCX gold is trading in highly overbought zones, with RSI above 80 levels and moving far above the short-term moving averages. However, it has broken out of a very narrow consolidation yesterday resuming the momentum. Overall trend remain healthy with no sign of weakness on the charts. Immediate support is placed at 108900 and resistance will be seen at 112000," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Prices Fundamental Prediction Today

"Gold and silver prices are trading mix today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day; as gold prices hit another fresh record, as investors bet on a Federal Reserve rate cut this week and weighed the scope for more monetary easing in coming months," commented the research analysts of Nirmal Bang Securities.

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