Gold and Silver Prices Hit New Highs in India
Gold and silver prices in India are witnessing a remarkable surge, particularly on September 16, when gold rates crossed the ₹1.10 lakh mark per 10 grams. This increase is primarily driven by anticipation of a fresh rate cut by the Federal Reserve, which has boosted demand for these precious metals.
As of the last trading session, gold prices in Mumbai stood at ₹1,10,246 per 10 grams, showing a slight uptick of 0.06%. Silver prices also experienced a minor rise, with MCX Silver December contracts priced at ₹1,29,666 per kilogram. This trend reflects a broader pattern of appreciation for both gold and silver over the past years.
Gold has been a consistent performer, with returns soaring by approximately 49.82% year-to-date. Historically, the yellow metal has provided one of the best investment returns, climbing from ₹7,638 in 2005 to over ₹1,00,000 in 2025—an astonishing increase of around 1,200%. Similarly, silver has also maintained a strong performance, appreciated by over 668% in the same period.
For those considering investment, it's essential to note that prices vary across major cities in India. In Mumbai, for instance, gold bullion is priced at ₹1,10,500 per 10 grams, while in New Delhi, it is slightly lower at ₹1,10,310. Buyers in Bengaluru can expect to pay ₹1,10,590 per 10 grams. Silver prices are also consistent, hovering around ₹1,29,300 to ₹1,29,670 per kilogram depending on the city.
Retail buyers should keep in mind that the final cost may include making charges, taxes, and GST, which can significantly affect the overall price. Staying informed about the latest trends and rates in the market is crucial for making wise investment decisions.
As always, potential investors are advised to consult certified financial experts before making any significant investments in gold or silver. These precious metals remain a traditional and reliable option for wealth preservation and growth in the Indian market.
