Gold Price Today : On the morning of September 1, domestic futures market (MCX) witnessed a notable rise in gold and silver prices. The upward momentum in the bullion market is primarily driven by global uncertainties, a weakening U.S. dollar, and the growing expectations of interest rate cuts by the Federal Reserve in the United States.
The strong demand for gold, coupled with the influence of American economic policies on the global economy, has further accelerated this surge. For investors and buyers planning to purchase gold or silver, keeping track of the latest prices is essential before making any decision.
City-Wise Gold and Silver Prices Today (September 1)
Here are the latest rates of gold (24-carat) and silver in major Indian cities:
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Delhi : In the national capital, gold is priced at ₹104,830 per 10 grams, while silver is trading at ₹1,23,510 per kilogram.
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Mumbai : In India’s financial hub, gold stands at ₹105,070 per 10 grams, and silver is available at ₹1,23,720 per kilogram.
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Kolkata: Gold prices are at ₹104,870 per 10 grams, whereas silver is being sold at ₹1,23,560 per kilogram.
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Bengaluru: The gold rate has reached ₹105,110 per 10 grams, while silver costs ₹1,23,770 per kilogram.
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Hyderabad: Gold is trading at ₹105,200 per 10 grams, and silver prices have climbed to ₹1,23,870 per kilogram.
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Chennai: The southern city witnessed the sharpest rise, with gold priced at ₹105,340 per 10 grams and silver at ₹1,24,030 per kilogram.
Additional Charges: Making Charges and GST
When purchasing gold or silver from jewelry stores, it is important to remember that the displayed market price is not the final price you will pay. Jewelers usually add making charges and Goods and Services Tax (GST) to the base rate. These charges may vary depending on the seller’s policy, design of jewelry, and overall craftsmanship. Therefore, the final cost to the buyer can be higher than the quoted market rates.
Gold’s Impressive 20-Year Investment Journey
From an investment perspective, gold has proved to be one of the most reliable and rewarding assets in the past two decades.
- In 2005, gold was priced at around ₹7,638 per 10 grams.
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By 2025, it has surpassed the ₹100,000 mark per 10 grams, delivering a staggering return of over 1,200%.
Out of the past 20 years, gold has given positive returns in 16 years, reaffirming its reputation as a safe-haven investment during times of uncertainty.
Silver, too, has performed remarkably well in the same period. Between 2005 and 2025, silver prices rose by nearly 668%, making it another attractive asset class for long-term investors.
Why Gold and Silver Remain a Safe Bet
The consistent performance of gold and silver highlights their importance as hedges against inflation and economic volatility. Whenever global markets experience turbulence, or the U.S. dollar weakens, investors often shift towards precious metals. This demand not only drives up prices but also strengthens their role as safe-haven assets.
With global uncertainties looming and potential interest rate cuts on the horizon, experts believe that gold and silver could continue their bullish momentum in the near future. For buyers, keeping an eye on the daily market rates is crucial before making a purchase or investment.