Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, New Delhi on September 12

Gold and silver prices in your city on September 12: Yellow metal prices surged on the MCX on Friday, September 12, during the morning trading hours, and silver hit a fresh record high amid hopes over a US Fed rate cut.

MCX Gold October 3 contracts rose 0.58 per cent at ₹1,09,610 per 10 grams around 9:33 am, while MCX Silver December 5 contracts surged 1.27 per cent, hitting re at ₹1,28,550 per kg.

In terms of returns, gold prices have surged by 1,200 per cent, up from ₹7,638 in 2005 to over ₹1,00,000 in 2025. In 20 years, gold has given impressive returns in 16 years. Year-to-date (YTD), prices have climbed by 31 per cent, with record highs reaffirming its position among 2025’s top-performing assets and as a dependable hedge during market volatility.

Meanwhile, silver prices have been resilient, maintaining above ₹1 lakh per kilogram for some time now. Over the past twenty years (2005-2025), the metal has appreciated by a substantial 668.84 per cent.

The 24-carat gold was priced at ₹1,10,020 per 10 gms, according to data on the Indian Bullion Association (IBA) at 9:44 am on September 12, while 22-carat gold was priced at ₹1,00,852 per 10 gms. Silver prices today are at ₹1,28,310 (Silver 999 Fine), as per the IBA website.

Check out gold and silver prices for Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Retail buyers should remember that jewellers might include making charges, taxes, and GST in the final cost —

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

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