Gold Prices in India Today (September 2): Gold prices in India continue to decline in India for a fifth consecutive session amid inflation concerns and an impressive performance from the US dollar. As prices of 24 karat gold dropped to ₹15,202 per gram. Meanwhile, silver is currently at Rs 245 per gram. On a 10-gram basis, 24K gold is at ₹1,52,020 , 22K at ₹1,39,350 and 18K at ₹1,14,020.
Gold Price Today in India (September 2): 18K, 22K, 24K
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24K Gold (99.9% purity):₹15,202 per gram | ₹1,52,020 per 10 grams
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22K Gold (91.6% purity): ₹13,935 per gram | ₹1,39,350 per 10 grams
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18K Gold (75% purity): ₹11,402 per gram | ₹1,14,020 per 10 grams
Gold Price Today in India (September 2): Domestic Gold Prices
Domestic gold prices slipped on September 2 once more for the fifth consecutive session this morning. The fall followed a downward slope from last weekend, with 24K gold dropping to a shocking ₹15,202 Per Gram rate.
The decline came as expectations of a September US Federal Reserve rate hike strengthened, with markets now pricing in about a 68% probability of a 25-basis-point increase, up from roughly 57% earlier in the week. Rising US Treasury yields and a stronger dollar have also caused concerns. Analysts believe that the ongoing US-Iran geopolitical tensions have also contributed.
Gold Price Today in India (September 2): City-wise Gold Rate Today (Per 10 Grams)
City-wise gold prices show small differences across major markets.
Delhi Gold Rate Today (September 2)
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24K Gold: ₹1,52,170 per 10 grams
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22K Gold: ₹1,39,500 per 10 grams
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18K Gold: ₹1,14,170 per 10 grams
Mumbai Gold Rate Today (September 2)
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24K Gold: ₹1,52,020
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22K Gold: ₹1,39,350
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18K Gold:₹1,14,020
Chennai Gold Rate Today (September 2)
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24K Gold: ₹1,52,020
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22K Gold: ₹1,39,350
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18K Gold:₹1,14,020
Bangalore Gold Rate Today (September 2)
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24K Gold: ₹1,52,020
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22K Gold: ₹1,39,350
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18K Gold:₹1,14,020
Hyderabad Gold Rate Today (September 2)
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24K Gold: ₹1,52,020
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22K Gold: ₹1,39,350
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18K Gold:₹1,14,020
Kolkata Gold Rate Today (September 2)
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24K Gold: ₹1,52,020
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22K Gold: ₹1,39,350
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18K Gold:₹1,14,020
Kerala Gold Rate Today (September 2)
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24K Gold: ₹1,52,020
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22K Gold: ₹1,39,350
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18K Gold:₹1,14,020
Pune Gold Rate Today (September 2)
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24K Gold: ₹1,52,020
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22K Gold: ₹1,39,350
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18K Gold:₹1,14,020
Ahmedabad Gold Rate Today (September 2)
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24K Gold:₹1,52,070
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22K Gold: ₹1,39,400
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18K Gold:₹1,14,070
Lucknow Gold Rate Today (September 2)
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24K Gold: ₹1,52,170 per 10 grams
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22K Gold: ₹1,39,500 per 10 grams
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18K Gold: ₹1,14,170 per 10 grams
Gold Prices in India Today (September 2): MCX Performance
Gold prices in India remain under pressure today, with MCX gold extending its decline and slipping below the ₹1.55 lakh-per-10-gram mark as traders increased bets on a September US Federal Reserve rate hike. According to the latest estimates, there is a 67-68% likelihood of a 25 basis point hike. Higher US yields and a strong USD performance have added to the pressure.
Gold Prices in India Today (September 2): Key Considerations for Buyers
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Compare rates before buying: Gold prices can vary across cities and jewellers, so buyers should check the prevailing 24K, 22K and 18K rates before making a purchase.
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MCX and retail prices are different: The MCX price is a futures-market benchmark, while the price quoted by a jeweller can include taxes, premiums and other charges.
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Check the final jewellery bill: Buyers should look beyond the headline gold rate and account for GST, making charges, wastage charges and other applicable costs.
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Check purity and hallmarking: For jewellery purchases, verify the BIS hallmark and HUID code, along with the stated purity and weight, before paying
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Avoid rushing into a large purchase: With gold experiencing significant day-to-day swings, buyers who are not purchasing for an immediate occasion may consider staggering purchases rather than committing the entire amount at one price.
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Festival demand can affect local markets: Buyers approaching major festivals and wedding periods should compare quotes from multiple jewellers, as local premiums and making charges can differ even when the underlying gold rate is similar.
Disclaimer: Gold prices are indicative and may vary by city, jeweller and time of purchase. The quoted rates may exclude GST, making charges, wastage and other applicable costs. Buyers should verify the final price with the jeweller before purchasing.
