Gold Rate Today in India – September 2, 2023
On September 2, the retail cost of 10 grams of gold in various cities across India stands at roughly Rs 60,000. For a more comprehensive breakdown, 10 grams of 24-carat gold are valued at Rs 60,050, whereas an equivalent amount of 22-carat gold can be purchased for Rs 55,050. The price of silver is Rs 77,100 per kilogram.
September 2 Retail Gold Rate (See table below)
Delhi Gold Rate Today
In Delhi, 22-carat gold was priced at Rs 55,200/10 gram. For 24 carat, customers have to pay Rs 60,310/10 grams.
Ahmedabad Gold Rate
The retail price of 22-carat gold in Ahmedabad is Rs 55,100 per 10 grams, and the rate of 24-carat gold is Rs 60,100 per 10 grams. This article will be updated if the prices change during the day.
Chennai Gold Rate
22-carat gold is Rs 55,350/10 grams in Chennai. Similarly, Tamil Nadu’s capital city has Rs 60,390 per 10 grams retail price of 24 carat gold.
Check Gold Rates Today in Different Cities on September 2, 2023 (In Rs/10 grams)
|City||22 Carat Gold Price||24 Carat Gold Price|
On September 1, on Multi Commodity Exchange, gold futures maturing on October 05, 2023, were trading at Rs 59,410. On the other hand, Silver, maturing on Sep 05, was at Rs 75,099.
Gold prices in India are generally influenced by a variety of factors, including global economic conditions, inflation rates, currency fluctuations, and local demand and supply dynamics. Here are some factors that can affect the gold rate:
- Demand and supply: The gold rate is primarily determined by the interplay of demand and supply in the market. When the demand for gold increases, the rate tends to rise as well. Conversely, if the supply of gold surges, the rate is likely to decrease.
- Global economic conditions: Global economic conditions also exert a significant influence on the gold rate. During times of global economic downturns, investors often turn to gold as a safe haven, leading to an upward push in the gold rate.
- Political instability: Furthermore, political instability can have an impact on the gold rate too. In instances where there is political turmoil or crisis in a major country, investors may seek to protect their assets by investing in gold as a hedge against uncertainty, leading to an increase in the gold rate.
Furthermore, the retail price of gold in India denotes the cost at which gold is vended to consumers within the country. This value is influenced by various elements such as the worldwide price of gold, the Rupee’s value, and the expenses related to labor and materials engaged in crafting gold jewelry.
Gold is considered an important part of India’s culture due to its cultural significance, investment value, and its traditional role in weddings and festivals.