Gold Prices Surge ₹3,369 This Week: 24K Gold Hits ₹1.10 Lakh per 10 Grams, Silver Rises to ₹1.28 Lakh per Kg

Ahmedabad, Sept 13, 2025 – Precious metals continued their upward rally this week, with both gold and silver prices surging sharply in the Indian bullion market. According to data released by the India Bullion and Jewellers Association (IBJA), the price of gold jumped by ₹3,369 per 10 grams in the past seven days, while silver saw a significant rise of ₹4,838 per kilogram.

Gold Crosses ₹1.10 Lakh Mark

As per IBJA, gold which was trading at ₹1,06,338 per 10 grams on September 6, climbed to ₹1,09,707 on September 13, marking a week-on-week gain of ₹3,369. In Ahmedabad, the price of 24K gold has now reached ₹1,11,200 per 10 grams, while 22K gold is selling at ₹1,01,950.

Delhi recorded the highest 24K gold price at ₹1,11,300, while Mumbai and Kolkata markets quoted ₹1,11,170 for the same purity. Chennai saw the steepest price, where 24K gold touched ₹1,11,710 per 10 grams.

Silver Nears ₹1.30 Lakh per Kg

Silver too followed the same upward trajectory. Last week, silver was priced at ₹1,23,170 per kilogram, which has now risen to ₹1,28,008, recording a gain of ₹4,838 within a week. Analysts expect silver to breach the ₹1,30,000 mark before the year-end.

Massive Yearly Gains

Since the beginning of 2025, gold prices have soared by ₹33,545, a 44% increase compared to December 31, 2024, when 10 grams of 24K gold was priced at just ₹76,162.

Silver, on the other hand, has jumped by ₹41,991 (49%) in the same period. On December 31, 2024, one kilogram of silver was priced at ₹86,017, but it now trades at ₹1,28,008.

Why Are Gold Prices Rising?

Experts have identified five major reasons behind the relentless rise in gold prices this year:

1. Global Uncertainty: President Donald Trump’s tariff plans and fears of a prolonged trade war have driven investors to safe-haven assets like gold.

2. Central Bank Purchases: Countries such as China and Russia are buying gold in bulk, increasing global demand.

3. War and Geopolitical Tensions: The ongoing Russia-Ukraine conflict and other regional tensions have boosted the appeal of gold as a secure investment.

4. Inflation and Low Interest Rates: Concerns about inflation, coupled with lower interest rates from the U.S. Federal Reserve, are making gold more attractive.

5. Rupee Depreciation Against Dollar: The weakening of the Indian rupee against the U.S. dollar has also made imported gold more expensive.

Future Outlook

Market analysts suggest that the upward trend is likely to continue. Given the current geopolitical climate and global economic uncertainties, experts predict that gold prices may touch ₹1,12,000 per 10 grams before the end of this year. Silver, they forecast, could reach ₹1,30,000 per kilogram.

Buying Guide: What Consumers Should Know

Financial advisors have urged buyers to remain cautious while purchasing gold. Experts recommend three essential points:

1. Always Buy Certified Gold: Ensure the gold is hallmarked by the Bureau of Indian Standards (BIS). Look for the 6-digit Hallmark Unique Identification Number (HUID) stamped on the ornament, which guarantees purity.

2. Cross-Check Prices: Compare the day’s gold price from multiple sources such as IBJA before making a purchase. While 24K gold is considered the purest, it is too soft for jewelry. Hence, most ornaments are made from 22K or 18K gold.

3. Avoid Cash Transactions: Use digital payments such as UPI, debit/credit cards, or net banking. Always ask for an invoice to ensure transparency and safeguard your rights as a consumer.

Conclusion

With gold and silver both witnessing record-breaking rallies this year, investors and households are closely monitoring the bullion market. While rising prices may hurt consumers during the festive and wedding seasons, many see gold as a stable hedge against inflation and market volatility.

As experts predict further gains, both gold and silver remain firmly in the spotlight, symbolizing safety and wealth preservation amid global uncertainties.