Gold and Silver Prices Surge: Gold Hits Rs 1,04,662, Silver Rs 1,23,281 per Kg on Sep 2

September 2, 2025

New Delhi, Sep 2: There is an increase in the price of gold and silver today i.e. on 2 September. According to the India Bullion and Jewelers Association (IBJA), today gold has increased by Rs 169 to Rs 1,04,662 per 10 grams. Earlier gold was at Rs 1,04,493. At the same time, the price of silver has increased by Rs 481 to Rs 1,23,281 per kg. Earlier its price was Rs 1,22,800.

Price of 10 grams of gold in 4 metros including Bhopal

•Delhi: Price of 24 carat gold is ₹1,06,240 and price of 22 carat gold is ₹97,400

•Mumbai: Price of 24 carat gold is ₹1,06,090 and price of 22 carat gold is ₹97,250

•Kolkata: Price of 24 carat gold is ₹1,06,090 and price of 22 carat gold is ₹97,250

•Chennai: Price of 24 carat gold is ₹1,06,090 and price of 22 carat gold is ₹97,250

•Bhopal: Price of 24 carat gold is ₹1,06,140 and price of 22 carat gold is ₹97,300

Gold has become costlier by Rs 28,500 so far this year

This year, i.e. from January 1 till now, the price of 10 grams of 24 carat gold has increased by Rs 28,500 from Rs 76,162 to Rs 1,04,662. At the same time, the price of silver has also increased by Rs 37,264 from Rs 86,017 per kg to Rs 1,23,281. Last year, i.e. in 2024, gold became costlier by Rs 12,810.

This year gold can go up to Rs 1 lakh 8 thousand

Ajay Kedia, director of Kedia Advisory, says that geopolitical tension remains due to US tariffs. This is supporting gold and its demand is also increasing. In such a situation, gold can go up to Rs 1 lakh 8 thousand per 10 grams this year. On the other hand, silver can go up to Rs 1 lakh 30 thousand this year.

5 reasons for the rise in gold prices

•Global uncertainty: Due to Trump’s tariff plan and fear of trade war, investors are buying gold as a safe asset.

•Central bank purchases: Countries like China and Russia are buying large amounts of gold, boosting demand.

•War and tension: The instability caused by the Russia-Ukraine war not ending is driving people to invest in gold.

•Inflation and low interest rates: Fear of inflation and low interest rates from the Federal Reserve have made gold attractive.

•Fall in rupee against dollar: Gold is also becoming expensive due to the fall in rupee against dollar.

Buy only certified gold

Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). There is a 6-digit hallmark code on gold. This is called Hallmark Unique Identification Number or HUID. This number is alphanumeric i.e. something like this- AZ4524. Through hallmarking, it is possible to find out how many carats a gold has.