Gold Price Today In India: The gold and silver prices remained marginally higher across India on Tuesday at record highs amid the rising demand as a hedge due to geopolitical uncertainty, Fed rate cut
expectations, and legal challenges over Trump’s tariffs. In Mumbai, gold price for 24-carat and 22-carat stood at Rs 1,05,890 per 10 gram and Rs 97,060 per gram. Silver, on the other hand, fell Rs 100 on Wednesday to trade at Rs 1,26,100 per kg.
Rahul Kalantri, VP Commodities, Mehta Equities said gold and silver prices have reached historic highs, primarily influenced by growing expectations of a Federal Reserve interest rate reduction in September and intensifying geopolitical tensions. “This upward trend is further reinforced by subdued inflation figures, a weakening U.S. dollar, and mounting speculation regarding imminent cuts in borrowing costs—conditions typically favourable to non-yielding assets such as precious metals,” he added.
Kalantri explained legal opposition to former President Trump’s tariff policies and debates surrounding the Federal Reserve’s autonomy—particularly in light of efforts to remove Governor Lisa Cook—have increased investor demand for safe-haven assets, thereby enhancing the appeal of gold and silver.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On September 02?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 97,400 | Rs 1,06,240 |
| Jaipur | Rs 97,400 | Rs 1,06,240 |
| Ahmedabad | Rs 97,300 | Rs 1,06,140 |
| Patna | Rs 97,300 | Rs 1,06,140 |
| Mumbai | Rs 97,060 | Rs 1,05,890 |
| Hyderabad | Rs 97,060 | Rs 1,05,890 |
| Chennai | Rs 97,060 | Rs 1,05,890 |
| Bengaluru | Rs 97,060 | Rs 1,05,890 |
| Kolkata | Rs 97,060 | Rs 1,05,890 |
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in excange 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.
