Gold Prices in India Today (September 3): Gold prices in India bounced back in India slightly after a decline that lasted for five consecutive sessions. The rise can be attributed to a weakening US dollar, US Iran tensions among other factors. Prices of 24 karat gold have increased to ₹15,535 per gram. Meanwhile, silver is currently at Rs 250 per gram. On a 10-gram basis, 24K gold is at ₹1,55,350 , 22K at ₹1,42,400 and 18K at ₹1,16,510.
Gold Price Today in India (September 3): 18K, 22K, 24K
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24K Gold (99.9% purity):₹15,535 per gram | ₹1,55,350 per 10 grams
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22K Gold (91.6% purity): ₹14,240 per gram | ₹1,42,400 per 10 grams
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18K Gold (75% purity): ₹11,651 per gram | ₹11,65,100 per 10 grams
Gold Price Today in India (September 3): Domestic Gold Prices
Domestic gold prices jumped on September 3, after a recent period of weakness as global bullion prices climbed. The price of 24K gold in India stands at around ₹15,201 per gram today. The rise comes as the US dollar and Treasury yields eased, making gold more attractive to investors.
Markets are also awaiting Friday’s US nonfarm payrolls report, which could influence expectations for the Federal Reserve’s September interest-rate decision. Analysts believe that the ongoing US-Iran geopolitical tensions & lower US treasury yields are other contributors.
Gold Price Today in India (September 3): City-wise Gold Rate Today (Per 10 Grams)
City-wise gold prices show small differences across major markets.
Delhi Gold Rate Today (September 3)
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24K Gold: ₹1,55,500 per 10 grams
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22K Gold: ₹1,42,550 per 10 grams
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18K Gold: ₹1,16,660 per 10 grams
Mumbai Gold Rate Today (September 3)
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24K Gold: ₹1,55,350
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22K Gold: ₹1,42,400
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18K Gold:₹1,16,510
Chennai Gold Rate Today (September 3)
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24K Gold: ₹1,52,010
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22K Gold: ₹1,39,340
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18K Gold:₹1,17,190
Bangalore Gold Rate Today (September 3)
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24K Gold: ₹1,55,350
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22K Gold: ₹1,42,400
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18K Gold:₹1,16,510
Hyderabad Gold Rate Today (September 3)
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24K Gold: ₹1,55,350
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22K Gold: ₹1,42,400
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18K Gold:₹1,16,510
Kolkata Gold Rate Today (September 3)
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24K Gold: ₹1,55,350
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22K Gold: ₹1,42,400
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18K Gold:₹1,16,510
Kerala Gold Rate Today (September 3)
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24K Gold: ₹1,55,350
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22K Gold: ₹1,42,400
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18K Gold:₹1,16,510
Pune Gold Rate Today (September 3)
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24K Gold: ₹1,55,350
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22K Gold: ₹1,42,400
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18K Gold:₹1,16,510
Ahmedabad Gold Rate Today (September 3)
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24K Gold:₹1,55,400
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22K Gold: ₹1,42,450
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18K Gold:₹1,16,560
Lucknow Gold Rate Today (September 3)
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24K Gold: ₹1,55,500 per 10 grams
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22K Gold: ₹1,42,450 per 10 grams
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18K Gold: ₹1,16,660 per 10 grams
Gold Prices in India Today (September 3): MCX Performance
Gold prices in India rebounded today, with MCX gold extending its recovery and trading above the ₹1.53 lakh-per-10-gram mark. US dollar and Treasury yields eased, improving the appeal of gold as a non-yielding asset. Investors are also awaiting the latest US jobs data, which could influence expectations for the Federal Reserve’s September interest-rate decision. While ongoing geopolitical tensions between US and Iran have caused higher demand for bullion.
Gold Prices in India Today (September 3): 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.
