Gold Prices Today in India: Current Rates and Market Trends (September 2, 2024)

Gold Prices Today in India: Current Rates and Market Trends (September 2, 2024)

As of September 2, 2024, gold prices in India continue to reflect the dynamic nature of the global market, influenced by various economic factors. Today, the rates for gold have shown some fluctuations, with notable variations across major cities in the country.

Current Gold Rates

• 22 Karat Gold: ₹6,694 per gram
• 24 Karat Gold: ₹7,303 per gram

These rates are consistent across major cities such as Mumbai, Delhi, and Kolkata, where the prices for 22 karat gold are reported at ₹6,694 per gram, while 24 karat gold is priced at ₹7,303 per gram.

City-Wise Gold Prices

Here’s a breakdown of gold prices in some key cities across India:

• Mumbai:
  • 22 Karat: ₹6,694
  • 24 Karat: ₹7,303
• Delhi:
  • 22 Karat: ₹6,694
  • 24 Karat: ₹7,303
• Kolkata:
  • 22 Karat: ₹6,694
  • 24 Karat: ₹7,303
• Chennai:
  • 22 Karat: ₹6,684
  • 24 Karat: ₹7,292
• Bengaluru:
  • 22 Karat: ₹6,694
  • 24 Karat: ₹7,303
• Hyderabad:
  • 22 Karat: ₹6,694
  • 24 Karat: ₹7,303
• Ahmedabad:
  • 22 Karat: ₹6,699
  • 24 Karat: ₹7,308

Market Trends and Influencing Factors

Gold prices are influenced by a variety of factors, including international market trends, currency fluctuations, and local demand. As India is the second-largest consumer of gold globally, any shifts in global prices can significantly impact domestic rates.Currently, the price of gold is being supported by ongoing concerns about inflation and economic instability, making it a preferred investment choice for many. Additionally, the recent rise in the value of the US dollar has also affected gold prices, as gold is typically traded in dollars.

Conclusion

As of today, gold remains a valuable asset for investors and consumers alike, with prices reflecting both local and international market dynamics. Whether you are looking to invest in gold or purchase jewelry, staying informed about the latest prices and trends is crucial. Keep an eye on market developments as they unfold, as these can lead to fluctuations in gold prices in the coming days.