The downward trend in gold prices continues. On the morning of September 2, the price of 24-carat gold in the capital, Delhi, slipped to ₹154,230 per 10 grams. In Mumbai and Kolkata, the rate has reached ₹154,080 per 10 grams. Gold prices in India are under pressure due to rising tensions between the US and Iran, which have caused a surge in crude oil prices. Concerns regarding inflation are also mounting as crude oil becomes more expensive. Meanwhile, Prime Minister Narendra Modi has urged people not to buy gold unless necessary.
There is a sell-off in gold globally. The possibility of an interest rate hike remains following a hawkish speech by Federal Reserve official Kevin Warsh at the Jackson Hole symposium last week. In the international market, spot gold is trading at $4,368.58 per ounce.
Gold rates in some major cities across the country:
Gold price in Delhi: The price of 24-carat gold in Delhi is ₹154,230 per 10 grams. The rate for 22-carat gold is ₹141,390 per 10 grams.
Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹141,240 per 10 grams, while the price of 24-carat gold is ₹154,080 per 10 grams.
Gold price in Chennai: The price of 24-carat gold is ₹154,630 per 10 grams. The rate for 22-carat gold is ₹141,740 per 10 grams.
Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹154,080 per 10 grams, and the price of 22-carat gold is ₹141,240 per 10 grams.
City Today's Price for 22-Carat Gold (₹) Today's Price for 24-Carat Gold (₹)
Delhi 141,390 154,230
Mumbai 141,240 154,080
Ahmedabad 141,290 154,130
Chennai 141,740 154,630
Kolkata 141,240 154,080
Hyderabad 141,240 154,080
Jaipur 141,390 154,230
Bhopal 141,290 154,130
Lucknow 141,390 154,230
Chandigarh 141,390 154,230
Silver Price
A decline is also visible in the price of silver, another precious metal. On the morning of September 2, silver is priced at ₹249,900 per kilogram. In the international market, the price of spot silver stands at $64.68 per ounce. Domestic gold and silver prices are influenced by both domestic and global factors.
Disclaimer: This content has been sourced and edited from Money Control. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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