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The price of 24-carat gold stood at Rs 1,06,100 per 10 grams, while 22k gold was available at Rs 97,260 per 10 grams in Mumbai.
Gold Price Today, September 3. (Getty Images)
Gold & Silver Prices Today, September 3: Gold on Wednesday surged to touch its fresh its all-time high level on the MCX, as investors turn to safe-haven assets amid a broad sell-off in equity and bond markets. The price of gold rose 0.21% to trade at Rs 1,06,016 per 10 grams, whereas silver fell by 0.13% to Rs 1,24,366 per kg in the futures market on the MCX in the early trade.
In Mumbai, the price of 24-carat gold stood at Rs 1,06,100 per 10 grams, while 22k gold was available at Rs 97,260 per 10 grams. Silver was available at Rs 1,26,200 per kg. The prices do not include GST and making charges.
“Gold prices are holding record highs after a six-day rally, as investors turn to safe-haven assets amid a broad sell-off in equity and bond markets. Growing fiscal concerns, not only in the US but also in major economies like the UK and France, are driving increased demand for gold. The focus now shifts to upcoming job market indicators starting today, along with any developments on reciprocal tariffs and movements in the US dollar,” Darshan Desai, chief executive officer of Aspect Bullion & Refinery, said.
In the international market, US crude ticked up 0.2% to $65.69 a barrel. Spot gold reached $3,546.99, a new all-time high.
Global gold prices are also rising amid hopes of a rate cut by US Fed. Non-yielding gold typically performs well in a low-interest-rate environment.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On September 3?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 97,410 | Rs 1,06,250 |
| Jaipur | Rs 97,410 | Rs 1,06,250 |
| Ahmedabad | Rs 97,310 | Rs 1,06,150 |
| Patna | Rs 97,310 | Rs 1,06,150 |
| Mumbai | Rs 97,260 | Rs 1,06,100 |
| Hyderabad | Rs 97,260 | Rs 1,06,100 |
| Chennai | Rs 97,260 | Rs 1,06,100 |
| Bengaluru | Rs 97,260 | Rs 1,06,100 |
| Kolkata | Rs 97,260 | Rs 1,06,100 |
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
Read More
