On September 5, 2025, a minor decrease was recorded in the prices of gold and silver. 24-carat gold dropped by ₹10 to ₹1,06,850 per 10 grams, and 22-carat gold came down to ₹97,940. Silver also fell by ₹100, selling at ₹1,26,900 per kg in Delhi, Mumbai, and Kolkata. Experts believe that gold will remain b in the long term.
Gold Price Today: On Friday, September 5, 2025, a slight dip was observed in the prices of gold and silver across the country. 24-carat gold decreased by ₹10 to ₹1,06,850 per 10 grams, and 22-carat gold settled at ₹97,940. Silver prices also saw a ₹100 decline, trading at ₹1,26,900 per kg in major cities, while in Chennai, it was priced at ₹1,36,900 per kg. This change occurred after the GST Council meeting. However, considering the international market and domestic demand, experts anticipate that gold will remain a b investment option in the long run.
Slight Decrease in Gold Prices
This morning, a decline of ₹10 per 10 grams was recorded in the price of 24-carat gold. It is now trading at ₹1,06,850 per 10 grams. Similarly, 22-carat gold is also ₹10 cheaper, selling at ₹97,940 per 10 grams. While the price change is marginal, it is considered a sign of relief for customers as the festive and wedding seasons approach.
Gold Prices in Major Cities of India
Gold prices in various cities across the country are as follows:
- Chennai - ₹1,07,620 for 24 carat, ₹98,650 for 22 carat.
- Mumbai - ₹1,07,620 for 24 carat, ₹98,650 for 22 carat.
- Delhi - ₹1,07,770 for 24 carat, ₹98,800 for 22 carat.
- Kolkata - ₹1,07,620 for 24 carat, ₹98,650 for 22 carat.
- Bengaluru - ₹1,07,620 for 24 carat, ₹98,650 for 22 carat.
- Hyderabad - ₹1,07,620 for 24 carat, ₹98,650 for 22 carat.
- Kerala - ₹1,07,620 for 24 carat, ₹98,650 for 22 carat.
- Pune - ₹1,07,620 for 24 carat, ₹98,650 for 22 carat.
- Vadodara - ₹1,07,670 for 24 carat, ₹98,700 for 22 carat.
- Ahmedabad - ₹1,07,670 for 24 carat, ₹98,700 for 22 carat.
These figures clearly indicate that gold prices remain nearly uniform across most cities.
Silver Market Update
Similar to gold, silver prices also witnessed a decline today. Silver has become ₹100 cheaper, selling at ₹1,26,900 per kg in Delhi, Mumbai, and Kolkata. Chennai recorded the highest price at ₹1,36,900 per kg. While prices vary slightly in other cities, overall, silver is currently available at a slightly more affordable rate for customers.
Reasons for Fluctuations in Gold and Silver Prices
Gold and silver prices in India are directly linked to the international market. If gold prices rise globally, it impacts prices in India as well. Since gold is traded in dollars, a weakening rupee against the dollar makes gold more expensive in India.
During festive seasons and wedding ceremonies, the demand for gold in India increases significantly. When demand is high, prices naturally tend to rise. Conversely, when demand decreases, a price drop is observed.
Furthermore, inflation also directly affects gold prices. When inflation rises, people prefer to buy gold as a safe investment option. This increases demand, leading to an upward trend in gold prices.
Impact of the GST Meeting
The recent GST Council meeting has sparked discussions in the market. Although no major changes were made to the tax structure on gold, a slight decrease in gold and silver prices has been observed since the meeting. Experts believe that the impact is not direct but indirect, as changes in manufacturing and import costs could influence gold and silver trends in the long term.
