Gold Rates & Silver Rates Today (2.9.2026) LIVE: MCX Gold Crashes Rs 1,700, Silver Price Plunges Rs 3,500

Gold rates and silver rates in India crashed sharply on September 2, 2026, tracking weak trends in global bullion market. The MCX gold price plunged over 1% to struggle around Rs 1.50 lakh mark, while the MCX silver crashed 1.44% to trade around Rs 2.32 lakh per 1 Kg mark.

Meanwhile, both spot gold and spot silver traded lower by 1% each to $4,300 and $63 per ounce. This is the fourth consecutive fall recorded in precious metals, pushing them to their lowest levels in three weeks. The reason is the rising crude oil prices and treasury yields after US Federal Reserve's chair Kevin Warsh gave hawkish remarks last week, which raised the probability of rate hike.

Market is now factoring a 70% chance of rate hike this month.

Global bond yields climbed amid mounting inflationary pressures and growing expectations of imminent rate hikes, with US Treasury yields reversing the decline triggered by Secretary Scott Bessent's announcement of an expanded buyback program. Attention now turns to the ADP employment report due Wednesday and Friday's nonfarm payrolls for further clues on the Fed's policy path. Meanwhile, oil prices extended gains amid escalating hostilities between the US and Iran, further heightening inflation risks, as per Trading Economics.

The 10-year US treasury yield climbed further to 4.8% in the early hours of Wednesday, which is highest level since October 2023. Further, the 30-year treasury yield also rose to 5.28%. Additionally, crude oil prices extended their rally. At present, US WTI crude and Brent crude rose by nearly 1% each to trade near $91 per barrel and $96 per barrel.

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Sep 02, 2026, 11:18 am IST

Live Gold Rates Today: Gold Prices In Mumbai, Pune, Kerala, Hyderabad, Bangalore

Gram	24K Gold	22K Gold	18K Gold
1	₹15,202 (-₹207)	₹13,935 (-₹190)	₹11,402 (-₹155)
8	₹1,21,616 (-₹1,656)	₹1,11,480 (-₹1,520)	₹91,216 (-₹1,240)
10	₹1,52,020 (-₹2,070)	₹1,39,350 (-₹1,900)	₹1,14,020 (-₹1,550)
100	₹15,20,200 (-₹20,700)	₹13,93,500 (-₹19,000)	₹11,40,200 (-₹15,500)

The gold rates in these cities are same. On Wednesday, 24-carat gold price in these two cities dropped by Rs 20,700 to Rs 15,20,200 per 100 grams and plunged by Rs 2,070 to Rs 1,52,200 per 10 grams. Further, 22-carat gold price decreased by Rs 19,000 and Rs 1,900 in 100 grams and 10 grams to Rs 13,93,500 and Rs 1,39,350 respectively. Also, 18-carat gold price is down by Rs 15,500 to Rs 11,40,200 per 100 grams and lower by Rs 1,550 to Rs 1,14,020 per 10 grams.

Sep 02, 2026, 11:17 am IST

Live Gold Rates Today: Delhi Gold Prices Fall Across Carats

Gram	24K Gold	22K Gold	18K Gold
1	₹15,217 (-₹207)	₹13,950 (-₹190)	₹11,417 (-₹155)
8	₹1,21,736 (-₹1,656)	₹1,11,600 (-₹1,520)	₹91,336 (-₹1,240)
10	₹1,52,170 (-₹2,070)	₹1,39,500 (-₹1,900)	₹1,14,170 (-₹1,550)
100	₹15,21,700 (-₹20,700)	₹13,95,000 (-₹19,000)	₹11,41,700 (-₹15,500)

Gold prices in Delhi also plunged by Rs 15,500 to Rs 20,700 in 100 grams and declined by Rs 1,550 to Rs 2,070 in 10 grams. Here, 24-carat gold price is at Rs 15,21,700 per 100 grams and at Rs 1,52,170 per 10 grams. Also, 22-carat gold rates are at Rs 13,95,000 per 100 grams and at Rs 1,39,500 per 10 grams. Further, 18-carat gold rates are at Rs 11,41,700 per 100 grams and at Rs 1,14,710 per 10 grams.

Sep 02, 2026, 11:17 am IST

Live Gold Rates Today: Chennai Gold Rates Crash By Rs 94,400 In 5 Days

Gram	24K Gold	22K Gold	18K Gold
1	₹15,202 (-₹262)	₹13,935 (-₹240)	₹11,720 (-₹225)
8	₹1,21,616 (-₹2,096)	₹1,11,480 (-₹1,920)	₹93,760 (-₹1,800)
10	₹1,52,020 (-₹2,620)	₹1,39,350 (-₹2,400)	₹1,17,200 (-₹2,250)
100	₹15,20,200 (-₹26,200)	₹13,93,500 (-₹24,000)	₹11,72,000 (-₹22,500)

In Chennai, gold price has fallen the most. On September 2nd, 24-carat gold price dropped by Rs 26,200 to Rs 15,20,200 per 100 grams and 10 grams gold plunged by Rs 2,620 to Rs 1,52,020. In case of 22-carat, gold price crashed by Rs 24,000 to Rs 13,93,500 per 100 grams and dipped by Rs 2,400 to Rs 1,39,350 per 10 grams. Further, in Chennai, 18-carat gold price declined by Rs 22,500 to Rs 11.72 lakh per 100 grams and down by Rs 2,250 to Rs 1,17,200 per 10 grams. Notably, from August 29-September 2nd, the 24-carat gold price nosedived by Rs 94,400 in 100 grams and by Rs 9,440 per 10 grams.

Sep 02, 2026, 11:15 am IST

Live Gold Rates Today: 24K, 22K, 18K Gold Prices In India Today

Gram	24K Gold	22K Gold	18K Gold
1	₹15,202 (-₹207)	₹13,935 (-₹190)	₹11,402 (-₹155)
8	₹1,21,616 (-₹1,656)	₹1,11,480 (-₹1,520)	₹91,216 (-₹1,240)
10	₹1,52,020 (-₹2,070)	₹1,39,350 (-₹1,900)	₹1,14,020 (-₹1,550)
100	₹15,20,200 (-₹20,700)	₹13,93,500 (-₹19,000)	₹11,40,200 (-₹15,500)

Gold rates in India has continued to crash steeply for three consecutive day this week. On September 2nd, 24 carat gold crashes at least by Rs 20,700 in 100 grams and by Rs 2,070 in 10 grams. The reason is the rising bond yields and crude oil prices due to uncertainties in US-Iran conflict. Also, hawkish remarks of US Federal Reserve amidst sticky inflation has increased the odds of rate hike this month, which made demand for gold unappealing.

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Sep 02, 2026, 10:35 am IST

Live Silver Rates Today: Spot Silver Erases $64 Mark

Silver fell below $64 an ounce on Wednesday, extending its decline as investors assessed the prospects of Federal Reserve interest rate hikes following a sharp rise in global bond yields and oil prices. Global bond yields climbed amid mounting inflationary pressures and growing expectations of imminent rate hikes, with US Treasury yields reversing the decline triggered by Secretary Scott Bessent’s announcement of an expanded buyback program, as per Trading Economics.

Sep 02, 2026, 10:35 am IST

Live Gold Rates Today: Spot Gold Falls Around $4,300

Spot gold is struggling to hold $4,300 per ounce mark and is currently trading lower by 1%, extending its fall for fourth consecutive session. Spot gold is also nearing its lowest level in over three weeks. Investors mood for safe haven has dampened due to Fed rate hike expectation this month which pushed treasury yields and dollar higher. While crude oil prices remain elevated due to US-Iran conflict which has caused energy crisis and inflationary pressure.

Sep 02, 2026, 10:31 am IST

Live Gold Silver Rates Today: Commodities Broadly In Red At MCX

At MCX, commodities market is under pressure. MCX copper and zinc have slipped by 0.5% and 0.6%, while MCX gold and MCX silver crashed by 1-1.5%. Lead is marginally down. On the other hand, MCX natural gas and MCX crude oil price are up 1%.

Sep 02, 2026, 10:31 am IST

Live Silver Rates Today: MCX Silver Price Drops Sharply

MCX silver price crashed nearly Rs 3,500 or 1.44% to hit below Rs 2.32 lakh mark after spot silver erased its $64 mark. At the time of writing, MCX silver traded at Rs 2,32,599 per 1Kg, down by Rs 2,842 or 1.21% which is after hitting an intraday low of Rs 2,31,811 per 1Kg.

Sep 02, 2026, 10:31 am IST

Live Gold Rates Today: MCX Gold Price Crashes

MCX gold price crashed by over 1% or Rs 1,639 to trade around Rs 1,50,090 per 10 grams. The bullion has touched an intraday low of Rs 1,49,665 per 10 grams due to weak trend in safe haven assets.