Gold Price Jumps In India Today: 24K/10 Gms Gold Rate Tops Rs 1.06 Lakh Mark; Latest MCX Gold Outlook Here

Following a record high on Monday, bolstered by a falling dollar and mounting anticipation of a U.S. interest rate cut this month, the price of gold in India continued to rise on Tuesday, September 2, for the second straight day of the month. Investment in safe-haven assets is still going strong despite the global volatility, which is encouraging for the precious metals sector, further triggering MCX Gold futures to create a record high mark yesterday. The local price currently is at Rs 1,06,090 per 10 gms of 24-carat gold, showing a significant rise from last week's levels.

Gold & Silver Rates In India Today

Today, 24 carat gold costs Rs 10,609 per gram, 22 carat gold costs Rs 9,725 per gram, and 18 carat gold costs Rs 7,957 per gram. In India, the price of 24k per 10 grams of gold increased by Rs 210 on Tuesday from Rs 1,05,880 on Monday. Similarly, the price of 24k per 100 gms of gold would be Rs 10,60,900 today, which is Rs 2,100 more than it was yesterday at Rs 10,58,800.

Today, September 2, 2025, saw a little increase in the price of gold in India, with advances in 22-carat gold rates observed in all weight categories. Compared to yesterday's pricing of Rs 9,705, the price of 1 gram jumped by Rs 20 to Rs 9,725. Similarly, the price of 8 grams of gold shot up from Rs 77,640 to Rs 77,800, up by Rs 160 from the previous session. The prices went up by Rs 200 for 10 grams, from Rs 97,050 yesterday to Rs 97,250 today. More broadly, 100 grams of gold jumped from Rs 9,70,500 yesterday to Rs 9,72,500, a gain of Rs 2,000.

Today, September 2, 2025, there has been a slight rise in the price of 18-carat gold in India. The current price of one gram of 18-carat gold is Rs 7,957, which is Rs 16 more than it was yesterday at Rs 7,941. Similarly, the price of 8 grams has gone up by Rs 128 from Rs 63,528 in the previous session to Rs 63,656 presently. For larger quantities, the 10-gram rate stands at Rs 79,570, gaining Rs 160 from yesterday's Rs 79,410.

Meanwhile, 100 grams of 18-carat gold is priced at Rs 7,95,700, higher by Rs 1,600 from Rs 7,94,100 yesterday.

Silver costs Rs 126.10 per gram and Rs 1,26,100 per kilogram in India today, compared to Rs 126 and Rs 1,26,000 yesterday. Silver market sentiment is still upbeat with its continued outperformance, powered by both investment demand and growing industrial uses.

"Safe-haven purchase, a weakening rupee, and robust demand from industrial uses like electronics and solar power have boosted its rise further. In fact, silver has posted excellent year-to-date performances, even outperforming gold in terms of growth. Although some short-term corrections may come due to profit-booking, the analysts see optimism, particularly for those looking at industrial and investment gains in the near future," said Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

MCX Gold Outlook Today

"On the technical front, MCX Gold has seen a sharp rally over the last seven trading sessions, closing positive each day. Currently, RSI is above 70, price is above short-term EMAs, and a bullish higher-high and higher-low setup is clearly visible on the charts. Most technical parameters indicate an uptrend. However, in the last session, MCX Gold faced some resistance at higher levels, which might act as a hurdle going forward. Immediate resistance is placed at 105900 and support at 104000. Traders can look to buy near support for a target of 105900, while sustained weakness below 104000 should act as a stop-loss," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Price Fundamental Outlook Today

"Gold and silver prices are trading higher today on the international bourses. We expect precious metals prices on Indian bourses to trade higher for the day; as gold prices hit a record high as the prospect of Federal Reserve rate cuts and growing concerns over the central bank's future gave fresh legs to the multiyear rally in precious metals," commented the research analysts of Nirmal Bang Securities.

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