Gold Price Today: Can Middle-Class India Still Afford Gold This Festive Season?
India is gearing up for its grand festive season- Navratri, Dussehra, Diwali, and more. And with these festivals comes the eternal sparkle of gold. For generations, gold has been more than just a metal for us, it’s a tradition, a blessing, and a mark of prosperity.
But now, the question is echoing across middle-class homes: Can we still afford it?
Last Diwali, gold was priced between ₹80,000 and ₹90,000 per 10 grams. Fast forward to this year, and it has already breached the ₹1 lakh mark- and it’s still climbing. With prices soaring daily, the local markets are charging hefty making charges too. It’s no longer just about the gold; it’s about whether you can afford the hype.
As someone who loves tracking markets, I say: don’t buy into the rush. The middle class must play smart this year. Festivals or not, timing your gold purchase wisely can make all the difference. Don’t fall for emotional buying. With global cues, interest rate changes, and inflation in play, gold is very likely to dip soon.
So this festive season, let’s celebrate wisely. Invest smartly, wait for the right moment, and let your wallet shine too, just like your gold.
How to Navigate Rising Gold Prices: Top Investment Solutions
- Gold Loans: Access liquidity by pledging existing gold; involves interest costs.
- Staggered Buying: Buy gold in phases during 5-10% price dips to reduce risk.
- Jeweler Initiatives: Lightweight designs, discounts on making charges, and silver alternatives offered.
- Sovereign Gold Bonds (SGBs): RBI-backed paper gold with fixed interest and tax benefits.
- Gold Monetization/Deposit Scheme (GMS/GDS): Deposit idle gold in banks to earn interest.
- Gold ETFs: Trade on stock exchanges; track gold prices without storage issues.
- Digital Gold: Buy fractional gold online, backed by physical gold; convenient but unregulated.
- Gold Mutual Funds: Invest in ETFs and gold mining stocks.
- Physical Gold: Coins and bars for those who prefer direct possession.
Gold and silver Rates on MCX – September 10, 2025
As of September 10, 2025, gold prices on the Multi Commodity Exchange (MCX)
By September 9, 2025, the prices of gold on the Multi Commodity Exchange (MCX) of India recorded new highs. The December delivery gold futures went up by 0.65 percent or ₹723 to reach ₹1,10,312 per 10 grams. In the same breath, the gold futures in October delivery saw another increment, by 0.9 percent or ₹982, to ₹1,09,500 per 10 grams.
This increase presents good market sentiment and demand for gold. These prices are under close observation by investors because gold is still a favorite safe investment, especially with upcoming festive and wedding seasons that are expected to boost demand.
As of September 10, 2025, silver futures prices on the MCX
MCX silver price was trading around an all-time high of ₹1,26,200/kg on Tuesday, September 9, 2025. Its highest price ever stood at ₹1,26,730 in the last session.
Silver prices were quoted at an average of around $32.50 per ounce (approximately ₹2,700 per 10 grams) across most parts of the world in July 2025, an increase of 18 percent compared to the previous year. The world silver price stood at about $41.20 per ounce on September 9, 2025. The COMEX market is the primary global reference for silver prices. The world is experiencing high demand and changing market trends in silver prices.
Gold Price Today In India
- Gold Price in Delhi
• 24K Gold: ₹1,10,450
• 22K Gold: ₹1,01,260 - Gold Price in Noida
• 24K Gold: ₹1,10,450
• 22K Gold: ₹1,01,260 - Gold Price in Chennai
• 24K Gold: ₹1,10,290
• 22K Gold: ₹1,01,100 - Gold Price in Mumbai
• 24K Gold: ₹1,10,290
• 22K Gold: ₹1,01,100 - Gold Price in Kolkata
• 24K Gold: ₹1,10,290
• 22K Gold: ₹1,01,100
Gold Price Today (24K & 22K) in Major Indian Cities (Per Grams)
| City | 24K Gold (₹) | 22K Gold (₹) |
|---|---|---|
| Delhi | ₹1,10,450 | ₹1,01,260 |
| Noida | ₹1,10,450 | ₹1,01,260 |
| Chennai | ₹1,10,290 | ₹1,01,100 |
| Mumbai | ₹1,10,290 | ₹1,01,100 |
| Kolkata | ₹1,10,290 | ₹1,01,100 |
| Bangalore | ₹1,10,290 | ₹1,01,100 |
| Hyderabad | ₹1,10,300 | ₹1,01,110 |
| Pune | ₹1,10,290 | ₹1,01,100 |
| Ahmedabad | ₹1,10,440 | ₹1,01,100 |
| Gurgaon | ₹1,08,543 | ₹99,513 |
| Lucknow | ₹10,500 | ₹9,999.99 |
| Kerala | ₹1,10,300 | ₹1,01,110 |
(Taken From Good Returns At 11:00 AM)
Silver Price Today In India
| City | Price (₹/kg) |
|---|---|
| Delhi | ₹1,30,100 |
| Noida | ₹1,40,000 |
| Lucknow | ₹1,29,400 |
| Chennai | ₹1,39,900 |
| Mumbai | ₹1,30,100 |
| Kolkata | ₹1,30,100 |
| Bangalore | ₹1,24,770 |
(Note: The price at few places could be higher due to state-specific taxes, as reported by Goodreturns.)
(Disclaimer: This article is for informational purposes only and should not be construed as an investment advice. Prior to making an investment, conduct thorough research and consult with your financial advisor.)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
