Gold Price In India Steady, Sept 3: Check Latest Yellow Metal Prices, Silver Stable Too

Gold prices in India stayed steady on September 3, 2024 as traders are keenly waiting for US economic date to assess the size of the Federal Reserve's interest rate cut likely to take place this month. 22k gold prices in India today stood at Rs 66,700/10 grams and 100 grams of 22 carat yellow metal prices today in the country remained unchanged at Rs 6,67,000. 24k gold prices today stayed steady at Rs 72,770/10 grams and 100 grams of 24 carat precious metal prices today recorded at Rs 7,27,700.

18k gold prices today stayed stable at Rs 54,570/10 grams and 100 grams of 18 carat yellow metal price today stood at Rs 5,45,700. 1 gram gold rate today for 22k gold prices remained neutral at Rs 6670 and 1 gram gold price today for 24k gold stood at Rs 7277. 1 gram gold price today for 18k gold is retailing at Rs 5457.

According to Dr. Renisha Chainani, Research Head at Augmont Gold for All, "gold continues to remain around its recent record highs of around $2500, but its upward momentum is under threat as the US dollar seems oversold. However, geopolitical concerns continue to boost gold prices, as protests erupted across Israel on Monday over the government's inability to reach a ceasefire-for-hostages agreement with Hamas. The action is fueled by the assassination of six captives in Gaza, whose remains were recovered by Israeli forces last weekend. Looking forward, the ISM Manufacturing PMI will be released on Tuesday. This week's focus will be the US Nonfarm Payrolls for August, which may impact the Fed's interest rate cuts and the gold price soon."

Spot Gold, Spot Silver Prices Today: Spot gold slipped 0.2% at $2,494.19 per ounce by 0155 GMT. Prices touched a record high of $2,531.60 on August 20. U.S. gold futures declined 0.1% at $2,526.10. Spot silver fell 0.2% to $28.44, platinum declined 0.8% at $922.27 and palladium fell 0.5% to $974.29, according to Reuters.

Silver Prices Today In India: Silver price in India today remained steady too. 1kg silver prices on September 3, 2024 stood at Rs 86,000. 100 grams silver price today in India registered at Rs 8,600.

22k Gold Price Movement In Last 10-Days In India (1 gram)

22k gold prices in India today remained stable, slipped by Rs 25 on September 2, stayed steady on September 1, fell by Rs 10 on August 31, slipped by Rs 10 on August 30, surged by Re 1 on August 29, surged by Rs 21 on August 28, fell by Re 1 on August 27, stayed steady on August 26, did not witness any changes on August 25, and surged by Rs 35 on August 24.

"Gold is unable to recapture levels around all-time highs due to lack of fresh positive catalysts. If we see U.S. data pointing to a weak economy and the Fed taking to the narrative of having a jumbo rate cut, gold will rally," said Kelvin Wong, OANDA's senior market analyst for Asia Pacific.

1kg Silver price India movement in last 10-days

Silver price in India today remained steady, fell by Rs 1000 on September 2, remained steady on September 1, fell by Rs 1400 on August 31, declined by Rs 100 on August 30, fell by Rs 100 on August 29, remained steady on Aug 28, recorded jump of Rs 600 on August 27, fell by Rs 100 on August 26, remained steady on August 25, and surged by Rs 1300 on August 24.

1 Gram of 22k Gold prices In 5 Major Metropolitan Cities Of India On September 3, 2024:

Gold Price Chennai: Price of 1 gram of 22 carat gold rate in Chennai today is Rs 6,670

Yellow Metal Price Mumbai: 1 gram of 22 carat gold price in Mumbai on September 3 is Rs 6,670

Gold Price Delhi: 1 gram of 22 carat yellow metal price in Delhi on September 3 is Rs 6,685

Gold Price Kolkata: 1 gram of 22 carat of yellow metal price in Kolkata on September 3, 2024 is Rs 6,670

Gold Price Kerala: 1 gram of 22K gold prices in Kerala on September 3 is Rs 6,670

Yellow Metal Price Bangalore: 1 gram of 22 carat gold rate in Bangalore on September 3 is Rs 6,670.