Gold Prices Drop In India, Sept 2: 24k/100 Grams Gold Price Falls By Rs 2700, Silver Down

Gold prices recorded decline in India on Monday as traders looked forward to crucial US jobs data to bolster their bets on the size of the Federal Reserve's interest rate cut expected to take place later in September. Meanwhile, US gold prices traded in narrow range on September 2. 22K gold prices today in India slipped by Rs 250 to Rs 66,700/10 grams and 100 grams of 22 carat precious metal prices today in the country stood at Rs 6,67,000 after fall of Rs 2500. 24k gold prices today in India slipped by Rs 270 to end at Rs 72,770/10 grams and 100 grams of 24 carat yellow metal prices today declined by Rs 2700 to Rs 7,27,700.

18k gold prices today fell by Rs 210 to Rs 54,570/10 grams and 100 grams of 18 carat yellow metal price today dipped by Rs 2100 to Rs 5,45,700. 1 gram gold rate today for 22k gold prices slipped by Rs 25 to Rs 6670 and 1 gram gold price today for 24k gold got cheaper by Rs 27 to Rs 7277. 1 gram gold price today for 18k gold slipped by Rs 21 to 5457.

Spot Gold, Spot Silver Prices Today: Spot gold declined 0.1% at $2,499.47 per ounce, as of 0143 GMT. US gold futures surged 0.2% to $2,531.90. Spot silver jumped 0.6% to $28.66 per ounce, platinum almost stayed unchanged at $926.50 and palladium gained 0.1% to $966.25, according to Reuters.

Silver Prices Today In India: Silver price in India today slipped. 1kg silver prices on September 2, 2024 fell by Rs 1,000 to Rs 86,000. 100 grams silver price today in India fell by Rs 100 to Rs 8,600.

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

22k gold prices in India fell by Rs 25, remained stable 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, surged by Rs 35 on August 24, and declined by Rs 20 on August 23.

According to Reuters, "The lead-up to the U.S. non-farm payrolls may put gold prices in their near-term range to start the week. Investors look towards a series of economic data to help resolve the debate between a 25 bp and a 50 bp cut for the upcoming Fed meeting," IG market strategist Yeap Jun Rong said.

Major data due this week are the ISM surveys, JOLTS job openings, ADP employment and the non-farm payrolls report. For the payrolls report, due Friday, a Reuters poll predicted 165,000 headline jobs created in August and a dip in the unemployment rate to 4.2%, added Reuters.

1kg Silver price India movement in last 10-days

Silver price in India today slipped by Rs 1000, 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, surged by Rs 1300 on August 24, and declined by Rs 300 on August 23.

1 Gram of 22k Gold prices In 5 Major Metropolitan Cities Of India On September 2, 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 2 is Rs 6,670

Gold Price Delhi: 1 gram of 22 carat yellow metal price in Delhi on September 2 is Rs 6,685

Gold Price Kolkata: 1 gram of 22 carat of yellow metal price in Kolkata on September 2, 2024 is Rs 6,670

Gold Price Kerala: 1 gram of 22K gold prices in Kerala on September 2 is Rs 6,670

Yellow Metal Price Bangalore: 1 gram of 22 carat gold rate in Bangalore on September 2 is Rs 6,670.