Gold, silver prices surge today:24-Carat gold hits ₹1.53 lakh; experts predict further rise by December

Gold and silver prices moved higher in the domestic market today, September 9, reflecting steady demand. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose by ₹355 to reach ₹1.53 lakh per 10 grams. Silver also saw a sharp jump, with prices rising by ₹1,891 to settle at ₹2.36 lakh per kilogram. Gold Becomes ₹20,000 More Expensive in 2026 Precious metals have seen significant price swings this year, but the overall trend remains highly bullish. So far in 2026, gold has become dearer by ₹20,000 per 10 grams. Gold’s Journey: On December 31, 2025, 10 grams of gold was priced at ₹1.33 lakh. It has now climbed to ₹1.53 lakh. Silver’s Journey: Silver started the year at ₹2.30 lakh per kg on December 31, 2025, and has now reached ₹2.36 lakh. Notably, both metals hit their all-time highs earlier this year on January 29, when gold touched ₹1.76 lakh per 10 grams and silver peaked at ₹3.86 lakh per kg. Outlook: Gold Could Touch ₹1.70 Lakh by December Market experts believe the rally in precious metals is far from over. Anindya Banerjee, Senior Vice President and Head of Commodity Research at Kotak Securities, pointed out that gold is receiving strong support from both retail investors and global central banks. “Central banks around the world, including the Reserve Bank of India (RBI), are continuously buying gold. This safe-haven buying is expected to keep gold prices strong even during uncertain times. If global economic conditions improve, silver is also expected to gain momentum,” Banerjee said. According to Kotak Securities’ current outlook: Gold could reach ₹1.70 lakh per 10 grams by December 2026. Silver could climb to ₹3 lakh per kg by the end of the year. Smart Buyer’s Guide: 3 Things to Keep in Mind When Buying Gold If you are planning to buy gold during this festive season, here are three essential tips to ensure you get the best value: Always Buy BIS-Hallmarked Gold
Never buy gold without a Bureau of Indian Standards (BIS) hallmark. Look for the unique six-digit alphanumeric code (e.g., AZ4524) stamped on the jewellery. This hallmark guarantees the purity (karat) of the gold you are buying. Cross-Check Daily Rates
Before stepping into a jewellery store, check the daily gold rates on reliable sources like the official IBJA website. Keep in mind that prices differ based on purity—24-karat (pure gold), 22-karat (mostly used for jewellery), and 18-karat. Negotiate the Making Charges
Making charges are the labor fees jewellers charge to design the ornament. These charges are not fixed and can range from 5% to 25% of the gold value. Always ask for a clear breakdown of these costs and negotiate, as most jewellers are willing to offer discounts, especially on larger purchases.