India Gold and Silver Rates Remain Stable on September 12, 2026
India gold silver rates showed little significant change across major cities on September 12, 2026. While bullion trends continue to guide overall prices, regional market conditions and brand-specific policies contribute to minor variations in retail figures.
The Multi Commodity Exchange (MCX) saw gold futures dip by 0.09% to ₹1,52,655 per 10 grams. Silver futures experienced a more notable fall, declining 4.24% to approximately ₹2,33,850 per kilogram at the time of reporting.
Understanding Gold Purity: 24-Karat vs. 22-Karat
In the retail market, gold is primarily traded in two purities: 24-karat and 22-karat. 24-karat gold is considered the purest form of the precious metal. Conversely, 22-karat gold is widely preferred for crafting jewellery due to its enhanced strength and durability, achieved through the presence of alloyed metals.
Retail Gold Prices Across Key Indian Cities
Here are the latest gold rates per 10 grams across various Indian cities for September 12, 2026:
- Delhi: 24K Gold at ₹1,52,700 | 22K Gold at ₹1,39,975
- Mumbai: 24K Gold at ₹1,52,960 | 22K Gold at ₹1,40,213
- Bengaluru: 24K Gold at ₹1,52,960 | 22K Gold at ₹1,40,213
- Kolkata: 24K Gold at ₹1,52,960 | 22K Gold at ₹1,40,213
- Hyderabad: 24K Gold at ₹1,52,960 | 22K Gold at ₹1,40,213
- Chennai: 24K Gold at ₹1,52,960 | 22K Gold at ₹1,40,213
Retail Silver Prices in Major Cities
The latest silver rates for September 12, 2026, are as follows:
- Delhi: ₹23,423 per 100 grams | ₹2,34,230 per kilogram
- Mumbai: ₹23,423 per 100 grams | ₹2,34,230 per kilogram
- Bengaluru: ₹23,423 per 100 grams | ₹2,34,230 per kilogram
- Kolkata: ₹23,423 per 100 grams | ₹2,34,230 per kilogram
- Hyderabad: ₹23,423 per 100 grams | ₹2,34,230 per kilogram
- Chennai: ₹23,423 per 100 grams | ₹2,34,230 per kilogram
Gold Rates at Leading Jewellers (September 11, 2026)
Leading jewellery retailers also reported largely stable gold prices on September 11, 2026. Here's a snapshot of rates per gram:
- Joyalukkas (22K): ₹14,155
- Malabar Gold & Diamonds (22K): ₹14,155
- Malabar Gold & Diamonds (24K): ₹15,442
- Tanishq (22K): ₹14,200
- Tanishq (24K): ₹15,491 (estimated)
These rates from top jewellers like Joyalukkas and Malabar Gold & Diamonds were consistent across several Indian states, including Andhra Pradesh, Delhi, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Punjab, and Tamil Nadu.
Factors Influencing Gold Prices in India
Several critical factors impact gold prices in India. These include the international price of gold, the exchange rate of the US Dollar against the Indian Rupee, and domestic demand for jewellery, which often surges ahead of major festive seasons.