Precious metals continue their upward rally in India, with both gold and silver drawing investor attention. Here’s everything you need to know.
1. Record gold Prices Today
24-carat gold: Rs 1,06,200 per 10 grams
22-carat gold: Rs 97,400 per 10 grams
Bullion traders report strong domestic and international demand.
2. silver Also Joins the Rally
Silver price: Rs 1,26,100 per kilogram (Rs 100 up from yesterday)
Rising demand comes from both safe-haven investment and industrial usage in sectors like renewable energy and electronics.
3. Why Are gold Prices Rising?
Expectations of US Federal Reserve rate cuts: Lower interest rates reduce returns on fixed-income assets, prompting investors to buy gold.
Geopolitical tensions and economic uncertainties: Concerns over US policies and global conflicts increase demand for safe assets.
Weakening indian Rupee: Makes gold imports costlier, pushing domestic prices higher.
Silver demand from industries: Solar, electronics, and EV sectors boost silver consumption.
4. gold Rates Across Major indian Cities (2 september 2025)
City | 22 Carat gold (Rs /10 gm) | 24 Carat gold (Rs /10 gm) |
Delhi | 97,400 | 1,06,240 |
Chennai | 97,250 | 1,06,090 |
Mumbai | 97,250 | 1,06,090 |
Kolkata | 97,250 | 1,06,240 |
Jaipur | 97,400 | 1,06,240 |
Noida | 97,400 | 1,06,240 |
Ghaziabad | 97,400 | 1,06,240 |
Lucknow | 97,400 | 1,06,240 |
Bengaluru | 97,250 | 1,06,090 |
Patna | 97,250 | 1,06,090 |
5. How gold Prices Are Determined in India
International Market Trends: Global spot prices influence domestic rates.
Import Duties and Taxes: Customs duties affect the cost of imported gold.
Currency Fluctuations: A weaker rupee raises domestic gold prices.
Cultural & Seasonal Demand: Festivals, weddings, and rituals push prices higher.
6. Investor Outlook
Gold: Strong hedge against inflation and economic uncertainty. Consider Gold ETFs or wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital gold for small, affordable investments.
Silver: Attractive for both investment and industrial purposes, especially in renewable energy. Expected to remain in demand.
Festive Season: Demand for both metals likely to rise further, potentially keeping prices elevated.
Bottom Line: gold has crossed Rs 1.06 lakh per 10 grams, while silver continues its upward momentum. Investors should track market trends, consider wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital investment options, and plan purchases carefully during high-price periods.
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