Gold price increased again: Today yellow metal cross Rs 1 lakh
Gold price in India have hit new highs, with 24-carat gold crossing the Rs 1,05,000 per 10 grams mark. This surge is a continuation of a strong upward trend seen over the past few days.
As of September 2, 2025, the indicative price for 10 grams of 24-carat gold (99.9% purity) is approximately Rs 1,06,063. The price for 22-carat gold (91.6% purity) is around Rs 97,233. These rates represent a significant increase from previous days.
Here are the gold rates in India as of September 2, 2025. Please note that these prices are indicative and may vary slightly depending on local taxes and jeweler’s charges.
National Gold Rates (per 10 grams):
24 Carat Gold: Rs 1,06,063
22 Carat Gold: Rs 97,233
The gold rate has seen a notable increase today, rising by Rs 950 for 24-carat and Rs 870 for 22-carat gold per 10 grams compared to yesterday’s prices.
Gold Rates in Major Indian Cities (per 10 grams):
Here are the gold prices for both 24-carat and 22-carat in some of the major cities across India (per 10g):
New Delhi – Rs 1,06,063, Rs 97,233
Mumbai – Rs 1,05,917, Rs 97,087
Kolkata – Rs 1,05,915, Rs 97,085
Chennai – Rs 1,05,911, Rs 97,081
Bangalore – Rs 1,05,905, Rs 97,075
Hyderabad – Rs 1,05,890, Rs 97,060
Ahmedabad –Rs 1,05,905, Rs 97,075
Pune – Rs 1,05,923, Rs 97,093
Key Factors behind the Gold Price Increase:
The current rally in gold prices is driven by a combination of global and domestic factors:
Global Economic Uncertainty: Ongoing geopolitical tensions, particularly in regions like the Middle East, and concerns about the global economy have pushed investors toward safe-haven assets like gold.
US Federal Reserve Policy: Expectations of a potential interest rate cut by the US Federal Reserve are a major driver. When interest rates are low, gold becomes a more attractive investment compared to interest-bearing assets.
Weakening Rupee: The Indian Rupee has been hitting record lows against the US Dollar. Since India imports a significant amount of gold, weaker rupee makes gold more expensive in the domestic market, contributing to the price increase.
Domestic Demand: Seasonal demand for gold in India, driven by the upcoming festival and wedding seasons, also plays a role in pushing prices higher.
Analysts are suggesting that gold prices may continue to see higher swings in the near future. While the current rally is strong, some analysts have also noted that the market might be in an “overheated” zone and could be due for a short-term correction.
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