Gold prices have surged again ahead of the festive season. On September 2nd, 24-carat gold reached ₹1,06,240 per 10 grams in Delhi and Jaipur, while silver dropped to ₹1,26,100 per kg. Investor sentiment has shifted towards gold due to international market uncertainties and the dollar-rupee exchange rate.
Gold Price Today: On September 2, 2025, gold prices across the country reached new highs. In Delhi and Jaipur, 24-carat gold was recorded at ₹1,06,240 and 22-carat at ₹97,400 per 10 grams, respectively. Prices also saw a jump in several other cities, including Patna, Mumbai, Kolkata, and Chennai. However, silver prices fell by ₹100 to ₹1,26,100 per kg. The rise in gold prices is attributed to global geopolitical tensions, expectations of interest rate cuts in the US, and the dollar-rupee exchange rate, which has led investors to favor safe investments.
Why are Gold Prices Rising?
According to experts, gold prices are increasing due to widespread geopolitical uncertainty globally, expectations of interest rate cuts in the US, and ongoing legal debates over tariff policies. In these circumstances, investors seek safe options, and gold is their first choice. This is why gold prices are consistently rising.
Gold Rates in Major Cities
Gold prices vary in different cities across the country. Differences in prices are observed due to taxes, transportation, and making charges. Let's see the prices of 22-carat and 24-carat gold in major cities on September 2nd.
- Delhi: 22-carat ₹97,400 per 10 grams, 24-carat ₹1,06,240 per 10 grams.
- Jaipur: 22-carat ₹97,400, 24-carat ₹1,06,240.
- Patna: 22-carat ₹97,300, 24-carat ₹1,06,140.
- Kolkata: 22-carat ₹97,060, 24-carat ₹1,05,890.
- Ahmedabad: 22-carat ₹97,300, 24-carat ₹1,06,140.
- Mumbai: 22-carat ₹97,060, 24-carat ₹1,05,890.
- Hyderabad: 22-carat ₹97,060, 24-carat ₹1,05,890.
- Chennai: 22-carat ₹97,060, 24-carat ₹1,05,890.
- Bengaluru: 22-carat ₹97,060, 24-carat ₹1,05,890.
Slight Decline in Silver Prices
While gold is continuously becoming more expensive, silver prices recorded a minor fall on Wednesday. After a decline of ₹100, the price of silver has come down to ₹1,26,100 per kilogram. However, it remains close to its record high.
Meanwhile, trading in gold and silver was also brisk on the Multi Commodity Exchange (MCX). Gold futures maturing in October rose by 0.30 percent to ₹1,05,240. While the futures price of silver for December delivery recorded a gain of 0.43 percent, reaching ₹1,24,845 per kg.
Factors Influencing Gold Rates
Gold prices in India fluctuate for several reasons. Trends in the international market directly impact domestic prices. The dollar-rupee exchange rate also plays a significant role. If the rupee weakens against the dollar, gold prices tend to increase.
Additionally, import duties and taxes imposed by the government also affect prices. India is the world's largest consumer of gold, and most of it is imported. Therefore, every change in the international market is reflected in the Indian market.
Demand Increases Before Festivals
It is common for gold demand to rise in the country before the festive season. People tend to buy more gold during weddings and festivals. This is why prices see an upward trend during this period. Investors also find it safer to invest in gold at this time.
