Gold, Silver Prices Today, September 12: Check Rates In Your City

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Posted by AI on 2025-09-12 05:24:49 | Last Updated by AI on 2025-09-12 07:42:26

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Mumbai consumers of gold will be pleased to know that the price of 24-carat gold stands at Rs 1,11,280 per 10 grams, while 22k gold is at Rs 1,02,000 per 10 grams. This news article will look into why prices have changed and what it means for you.

It has been a rocky few weeks for precious metals traders with prices fluctuating on various exchanges around the world. However, it seems like the pendulum is swinging in the favour of gold enthusiasts, at least for now. Amid a softer dollar and subdued US Treasury yields, gold prices rose on Wednesday, marking their third straight session of gains. Meanwhile, silver prices pushed higher for the fifth consecutive trading day.

Sources suggest that the appreciation in gold prices was driven by technical corrections and repositioning of portfolios ahead of the release of US non-farm payroll data on Friday. However, surging COVID-19 cases in Australia and growing concerns over the economic impact of the pandemic in Europe pressured bullion prices higher.

This rise is excellent news for those with gold and silver, as it is a valuable resource that is becoming increasingly desirable. The rise in price is a clear indicator of the value of these precious metals and a positive sign if you are considering investing in them. Even if you're not in Mumbai, it's worth checking the prices in your city or country, as it could be a great time to buy or sell to maximize your profits, depending on where you are.

It will be interesting to see if these price fluctuations and direction continue or if there will be a shift in the coming days and weeks. If you're thinking of making a transaction, please check with a reputable dealer or broker to ensure you get the most up-to-date information and guidance relevant to you and your situation.

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