Gold Rates Hit Record High In India Today: 24K/10 Gms Tops Over Rs 1.11 Lakh; 1 Kg Silver Reaches Rs 1.32 Lakh

As India's festive season draws closer, gold prices hit a record high level today, Friday, September 12. While 22k/10 gms of gold would cost Rs 1,02,000, a record price for Indian consumers, 24k/10 gms of gold touched Rs 1,11,280 for the first time. Fueled by Fed rate-cut bets and disappointing US economic data, gold rose to over $3,654 per ounce on the international market, approaching record highs and poised for a fourth consecutive weekly gain. Meanwhile, MCX gold is still trading close to its all-time high level of Rs 1,09,656.

Gold & Silver Prices In India Today

One gram of 24-carat gold is worth Rs 11,128 on Friday, up Rs 77.10 from yesterday's price of Rs 11,050.90. The prices changed from Rs 88,407.20 to Rs 89,024 for 8 grams, representing a rise of Rs 616.80. Similarly, the price for 10 grams of 24k gold climbed to Rs 1,11,280 today from Rs 1,10,509 on Thursday, recording a gain of Rs 771. In contrast, 100 grams of 24k gold are currently selling for Rs 11,12,800, a significant gain of Rs 7,710 over yesterday's price of Rs 11,05,090.

A gain of Rs 70 took place when the price of one gram of 22k gold increased from Rs 10,130 to Rs 10,200 today. Likewise, 8 grams had an Rs 560 hike, going from Rs 81,040 to Rs 81,600. In India, the price of 10 grams of 22k gold jumped by Rs 700 to Rs 1,02,000 on Friday from Rs 1,01,300 on Thursday. On a larger basis, the price of 100 grams of 22k gold soared from Rs 10,13,000 to Rs 10,20,000, indicating a notable overnight jump of Rs 7,000.

On September 12, 2025, the price of 18-carat gold climbed in India, showing advances across each category. One gram now costs Rs 8,346 instead of Rs 8,288, a rise of Rs 58. In the same vein, 8 grams of gold jumped by Rs 464 to Rs 66,768 from Rs 66,304 yesterday. Ten grams now cost Rs 83,460 instead of Rs 82,880, which is an Rs 580 rise. In India, 100 grams of 18k gold today saw a significant increase of Rs 5,800, rising from Rs 8,28,800 on Thursday to Rs 8,34,600 on Friday.

In India, the price of silver jumped from Rs 129.90 and Rs 1,29,900 yesterday to Rs 132 per gram and Rs 1,32,000 per kilogram today.

MCX Gold Outlook Today

"On the technical front, MCX gold continues to hover near its all-time high, having surged nearly 11% in just 16 sessions. While there are no major weaknesses or strong reversal signals on the daily chart, traders should note that MCX gold is now trading in highly overbought territory. ADX, MACD, and RSI-all key momentum indicators- are currently in the overbought zone. Immediate support lies at 108560, while immediate resistance is seen at 109840-110500," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Spot Gold Outlook Today

"Spot Gold is likely to trade higher on growing prospects of 75 bps rate cut in this year. Sign of slowdown in the US labor market and sign of cooling US inflation would strengthen the chances of jumbo rate cut in September. As per the CME fed watch tool, 25 bps rate cut stands above 92%. Additionally, prices will get support from geopolitical risks. Precious metals will continue to get support from fund buying of precious metal ETFs. Gold ETF holding rose to a 2 year high and silver holdings in ETF rose to 3-year highs. Meanwhile, investors will eye on key US economic number for further movement," commented the technical research analysts of ICICI Direct.

Spot Silver Prediction Today

"Spot Silver is expected to rise towards $42 per ounce mark, as long as it trades above $40.60 mark. A move above $42 per ounce would rise towards $42.45. MCX Silver Dec is expected to extend its gains towards ₹128,200 level as long as it trades above ₹124,500 level," said the technical research analysts of ICICI Direct.

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