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In Mumbai, the price of 24-carat gold stands at Rs 1,06,850 per 10 grams, while 22k gold is available at Rs 97,940 per 10 grams.
Gold Prices Today, September 5.
Gold & Silver Prices Today, September 5: Gold declined on Friday, supported by persistent weakness in the US labour market, which has strengthened expectations of a Federal Reserve rate cut this month. The price of gold rose 0.36% to trade at Rs 1,06,799 per 10 grams, while silver jumped by 0.36% to Rs 1,24,659 per kg in the futures market on the MCX in the early trade.
In Mumbai, the price of 24-carat gold stood at Rs 1,06,850 per 10 grams, while 22k gold was available at Rs 97,940 per 10 grams. Silver was available at Rs 1,26,900 per kg. The prices do not include GST and making charges.
Darshan Desai, CEO of Aspect Bullion & Refinery, said, “Gold prices remain near record highs, supported by persistent weakness in the US labour market, which has strengthened expectations of a Federal Reserve rate cut on September 17, a move that would favour the precious metal. While technical indicators suggest gold may be entering overbought territory after its recent rally, prices are still finding strong support at lower levels.”
This resilience is driven by concerns over the Fed’s independence, a weakening US dollar, and uncertainty surrounding Donald Trump’s tariff policies. All eyes are now on today’s non-farm payrolls data, which is expected to play a crucial role in shaping gold’s short-term direction, he added
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 5?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 98,090 | Rs 1,07,000 |
| Jaipur | Rs 98,090 | Rs 1,07,000 |
| Ahmedabad | Rs 97,990 | Rs 1,06,900 |
| Patna | Rs 97,990 | Rs 1,06,900 |
| Mumbai | Rs 97,940 | Rs 1,06,850 |
| Hyderabad | Rs 97,940 | Rs 1,06,850 |
| Chennai | Rs 97,940 | Rs 1,06,850 |
| Bengaluru | Rs 97,940 | Rs 1,06,850 |
| Kolkata | Rs 97,940 | Rs 1,06,850 |
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
September 05, 2025, 09:41 IST
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