Big Jump In Gold Rates In India Today, 5 Sept: 24 & 22K/100 Gms Surges Over Rs 7,000 On Onam Day; Silver Drops

Gold prices in India experienced an enormous spike across all purity levels on Friday, September 5, in celebration of Onam. GST Council members decided Thursday to keep the GST rate on gold at 3%. The price shocks today demonstrate how this choice has guaranteed stability in a sentiment-driven market, particularly during the wedding and festive seasons.

Gold & Silver Prices In India Today

Today, September 5, 2025, 24-carat gold has become more expensive in India. The cost per gram is Rs 10,762, which is Rs 76 more than the price of Rs 10,686 yesterday. All of the purities reflect this price rise pattern, with the 100-gram weight seeing the most fluctuation, rising by Rs 7,600 to Rs 10,76,200.

Today, September 5, 2025, 22-carat gold prices have also become more expensive in India. The cost per gram is Rs 9,865, which is Rs 70 more than it was yesterday (Rs 9,795). The cost of 8 grams has climbed by Rs 560 to Rs 78,920. Ten grams now cost Rs 98,650, which is a spike of Rs 700, and 100 grams cost Rs 9,86,500, which is a jump of Rs 7,000 over yesterday's price.

Today, September 5, 2025, saw a spike in the price of 18-carat gold in India. One gram of gold is now worth Rs 8,072, which is Rs 58 more than it was yesterday at Rs 8,014. Similarly, 10 grams now cost Rs 80,720, up Rs 580 from yesterday's price of Rs 80,140. The price of 100 grams of gold for bulk purchasers is currently Rs 8,07,200, which represents a significant rise of Rs 5,800 from Rs 8,01,400 on Thursday.

The price of silver in India today is Rs 126 per gram and Rs 1,26,000 per kilogram compared to Rs 127 and Rs 1,27,000 yesterday.

MCX Gold Outlook Today

"On the technical front, the overall trend remains upward as the price is above both the short-term and long-term EMAs, with a bullish higher-high and higher-low pattern on the charts. After 11 consecutive winning sessions, gold posted its first negative session yesterday, which can be taken as an initial sign of consolidation. MCX gold is facing resistance near 106,800-107,225, and upward momentum is unlikely to resume unless the price crosses the 107,230 mark. Traders can sell MCX gold near 106,800 for a target of 105,800-104,560, with any sustained move above 107,230 acting as a stop-loss for this view," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Rates Fundamental Outlook Today

"Gold and silver prices are trading slightly higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly lower for the day; as gold prices headed for a third weekly gain, ahead of a US jobs report that may reinforce bets that the Federal Reserve will cut interest rates later this month," commented the research analysts of Nirmal Bang Securities.

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