Gold and silver prices today, 3 September: Check 24K, 22K gold and 999 silver rates in Delhi, Mumbai, Kolkata, Chennai and other cities.
Gold and silver prices continued to move higher in the Indian retail market on Thursday, September 3, amid global market uncertainty and changing expectations around US monetary policy. Investors are closely watching international developments, the US dollar and Treasury yields, as well as upcoming US jobs data.
Gold and silver prices today, 3 September: Latest market update
The gold and silver prices today, 3 September showed a marginal upward trend across major Indian cities. Both 24-karat and 22-karat gold became slightly more expensive, while silver prices also recorded gains in the domestic bullion market.
In the international market, spot gold gained around 0.5% to $4,409.97 per ounce by 0219 GMT after touching a nearly one-month low in the previous session. US gold futures also advanced around 0.9% to $4,455.30.
The US dollar weakened, while Treasury yields eased from recent highs. A softer dollar generally supports gold prices because the metal becomes relatively cheaper for buyers holding other currencies.
MCX gold and silver rates today
According to the market update, MCX gold was trading 0.81% higher at around ₹154,260 per 10 grams on September 3. MCX silver futures were also gaining, trading approximately 0.92% higher at ₹238,180 per kg around 9:13 am.
The movement in domestic prices was broadly in line with the gains seen in international precious-metal markets.
Gold and silver prices today, 3 September in Delhi
In New Delhi, 24-karat gold was priced at ₹153,690 per 10 grams, while 22-karat gold stood at ₹140,883 per 10 grams. The retail rate for 999 fine silver was ₹237,240 per kg.
Gold and silver prices today, 3 September in Mumbai
Mumbai recorded a 24-karat gold price of ₹153,950 per 10 grams. The 22-karat gold rate was ₹141,121 per 10 grams, while 999 fine silver was available at around ₹237,650 per kg.
Gold and silver prices today, 3 September in Bengaluru
In Bengaluru, 24-karat gold was quoted at ₹153,910 per 10 grams and 22-karat gold at ₹141,084 per 10 grams. The 999 fine silver rate stood at ₹237,750 per kg.
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Gold and silver prices today, 3 September in Kolkata
Kolkata saw 24-karat gold at ₹153,590 per 10 grams, while 22-karat gold was priced at ₹140,791 per 10 grams. The rate of 999 fine silver was ₹237,240 per kg.
Gold and silver prices today, 3 September in Hyderabad
In Hyderabad, 24-karat gold was priced at ₹154,040 per 10 grams, while 22-karat gold stood at ₹141,203 per 10 grams. Silver 999 fine was trading at ₹237,940 per kg.
Gold and silver prices today, 3 September in Chennai
Chennai recorded one of the higher gold rates among the cities listed. The 24-karat gold price was ₹154,240 per 10 grams, while 22-karat gold was ₹141,387 per 10 grams. Silver 999 fine was priced at ₹238,250 per kg.
City-wise gold and silver rates
City 24K Gold (₹/10g) 22K Gold (₹/10g) Silver 999 (₹/kg)
New Delhi ₹153,690 ₹140,883 ₹237,240
Mumbai ₹153,950 ₹141,121 ₹237,650
Bengaluru ₹153,910 ₹141,084 ₹237,750
Kolkata ₹153,590 ₹140,791 ₹237,240
Hyderabad ₹154,040 ₹141,203 ₹237,940
Chennai ₹154,240 ₹141,387 ₹238,250
Why are gold and silver prices moving?
Precious metals are being influenced by several international factors, including movements in the US dollar, Treasury yields, geopolitical uncertainty and expectations surrounding the Federal Reserve’s next policy decision.
Investors are also awaiting US nonfarm payroll data, which could provide clues about the future direction of US interest rates. Changes in interest-rate expectations can have a significant impact on gold and silver prices.
It is important to remember that retail bullion rates can vary between cities and sellers. Jewellery prices may also be higher than the quoted gold rate because of making charges, taxes and other applicable costs.
The gold and silver prices today, 3 September reflect the market conditions at the time of reporting and can change throughout the trading session.
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