Gold and Silver Rates Today, September 2: Gold and silver stayed weak on Wednesday, September 2. Traders pointed to softer moves in global bullion, and that pulled domestic prices down too. On the MCX exchange, gold futures slipped. Silver futures also fell.
Gold and Silver Rates Today, September 2
In the domestic market on September 2, both metals ended lower. The MCX gold contract was down about 1.12% and traded near ₹1,50,027 per 10 grams. MCX silver fell around 1.24% to roughly ₹2,26,694 per kg at the time of the update.
Retail rates were not the same as futures. Gold was quoted near ₹1,54,800 per 10 grams. Retail silver was around ₹2,49,900 per kg.
MCX Gold Rate Today
- MCX Gold: ₹1,50,027 per 10 grams
- Daily movement: Down 1.12%
- MCX Silver: ₹2,26,694 per kg
- Daily movement: Down 1.24%
Gold-Silver Price Today, September 1: MCX Update and Latest City-Wise Rates
Gold Rate Today: City-Wise 24K and 22K Prices
- Delhi: 24K gold — ₹1,54,230 per 10 grams; 22K gold — ₹1,41,390 per 10 grams.
- Mumbai: 24K gold — ₹1,54,080 per 10 grams; 22K gold — ₹1,41,240 per 10 grams.
- Bengaluru: 24K gold — ₹1,54,080 per 10 grams; 22K gold — ₹1,41,240 per 10 grams.
- Kolkata: 24K gold — ₹1,54,080 per 10 grams; 22K gold — ₹1,41,240 per 10 grams.
- Hyderabad: 24K gold — ₹1,54,080 per 10 grams; 22K gold — ₹1,41,240 per 10 grams.
- Chennai: 24K gold — ₹1,54,630 per 10 grams; 22K gold — ₹1,41,740 per 10 grams.
Silver
- Delhi: ₹2,49,900 per kg.
- Mumbai: ₹2,49,900 per kg.
- Bengaluru: ₹2,27,000 per kg
- Kolkata: ₹2,49,900 per kg.
- Hyderabad: ₹2,49,900 per kg.
- Chennai: ₹2,49,900 per kg.
Gold and Silver Price Fall: Gold Down 7% From Recent High, Silver Also Falls | Reasons Explained
Gold and Silver Price Outlook
Gold moved a lot in early September. One market tracker put 24K gold at ₹1,54,081 for 10 grams on August 31. On September 1, it was ₹1,52,174. By September 2, it was close to ₹1,51,632.
“A rebound in oil prices after renewed U.S.-Iran tensions added to inflation concerns. A pricier crude could continue to tighten monetary policy expectations and drive yields higher, limiting any rebound potential for gold,” said Bas Kooijman, CEO and asset manager of DHF Capital S.A.
Silver was not stable either. Goodreturns showed the India silver rate at ₹2,45,000 per kg on September 2. That was ₹5,000 less than the previous day when it stood at ₹2,50,000.
