Gold Price In India Today Hits Record High: 22K Nears 1 Lakh Mark, 24K/10 G Tops Rs 1.08 Lakh; Silver Up Too

Gold prices in India reached an all-time high on Saturday, September 6th, with 22k per 10 gms approaching the 1 lakh mark and 24k per 10 grams surpassing the Rs 1.08 lakh milestone. Following the announcement that the GST on gold and silver jewellery will stay at 3%, investors are now concentrating on the Fed's September meeting, where rate cuts are expected, while continued tariff uncertainty is driving demand for safe-haven investments.

Gold & Silver Rates In India Today

24-carat gold sold at Rs 10,849 per gram today, up Rs 87 from yesterday's price of Rs 10,762, indicating a spike in gold prices in India. The price of 8 grams went up by Rs 696 to Rs 86,792, while the price of 10 grams jumped by Rs 870 from the previous session to Rs 1,08,490. Likewise, 100 grams of gold cost Rs 10,84,900, which is a substantial Rs 8,700 jump over yesterday's price of Rs 10,76,200.

Today, September 6, 2025, saw an enormous spike in the price of gold in India, with 22-carat gold selling at a higher price in all amounts. One gram of gold now costs Rs 9,945, up Rs 80 from yesterday's price of Rs 9,865. Similarly, the price of 8 grams has gone up by Rs 640 to Rs 79,560, while the price of 10 grams has jumped by Rs 800 to Rs 99,450 from Rs 98,650. The price of 100 grams of gold for bulk purchasers is Rs 9,94,500, which is a significant rise of Rs 8,000 above yesterday's price of Rs 9,86,500.

A favourable trend in the bullion market was reflected in the substantial rise in the 18-carat gold rate in India today. One gram of gold now costs Rs 8,137, up Rs 65 from yesterday's price of Rs 8,072. The price of 8 grams has risen by Rs 520 to Rs 65,096, while the price of 10 grams has climbed by Rs 650 to Rs 81,370. Similarly, 100 gms now cost Rs 8,13,700, a substantial increase of Rs 6,500 over Friday's price of Rs 8,07,200.

In India, the price of silver jumped from Rs 126 and Rs 1,26,000 yesterday to Rs 128 per gram and Rs 1,28,000 per kilogram today.

Gold Price Outlook

Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities said, "Gold traded with gains of ₹300 at ₹1,06,700 on MCX, tracking Comex gold's rise near $3,550 as markets positioned ahead of the U.S. Nonfarm Payrolls and unemployment data. Investors remain focused on the Fed's September meeting where rate cuts are anticipated, while ongoing tariff uncertainties are fueling safe-haven demand. Together, these factors continue to keep bullion in a bullish structure."

"The broader setup remains positive as long as prices sustain above ₹1,06,450, with strength expected to extend towards resistance near ₹1,07,260. A decisive break above this could open the path for further gains, while only a fall below ₹1,06,150 would signal weakness," he further added.

Market sentiment is clearly in the mode of safety and wealth preservation, with geopolitical uncertainty and the prospect of softer US interest rates continuing to underwrite gold's allure.

It is worth noting that MCX Gold futures recently edged into Rs 1,07,740 per 10 gm after a quick bullish move at the beginning of the week, where futures moved to Rs 1,07,807 and revealed significant investor demand interest as a hedge in an uncertain global backdrop.

"Just as importantly, the significant changes made by the GST Council, consolidating GST under just two rates of 5 % and 18 %, coupled with GST on gold remaining reasonable at 3 %, reduced regulatory pressure for gold traders leading into the festive season. The heat up of the rules post reform negated some of the upside interest and allowed for a reprieve of price in the intraday trade today amid an elevated broader gold market backdrop," said Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

Silver Price Outlook

Silver continues to perform well in India's precious metals market and has benefited from a combination of industrial demand and safe-haven buying. The price has increased sharply in the last several days, recently trading at a record high of Rs 1,28,000 per kg.

"This increase occurs even as silver is reaching multi-year highs for multiple reasons including global economic concerns, currency depreciation, and robust investment demand. As well, despite robust changes made by the GST Council, the tax on silver has remained fixed at 3 % with an additional 5% on making charges providing clarity and certainty for traders at a time when there have been significant changes in the indirect tax system to which silver and other dealers have been subjected," added Aksha Kamboj.

"This predictability, in combination with rising demand, has provided actionable momentum that is compelling in its own right. In fact, with so far greater returns than gold this year, silver is being seized not only by risk-averse investors but also industrial parties that are looking for a hedge against inflation," Aksha Kamboj further stated.

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