The gold prices today saw a surge in the domestic futures market during the morning trading session on Tuesday, September 3. The yellow metal rallied amid a steady US dollar and increasing hopes of a Federal Reserve rate cut later this month. Alongside gold, silver also held its ground, with both precious metals reaffirming their position as strong assets in 2025.

Gold Futures and Silver Performance on MCX

On the Multi Commodity Exchange (MCX), Gold October 3 contracts rose 0.25 per cent, trading at ₹1,06,060 per 10 grams around 9:30 am. In contrast, Silver September 5 contracts slipped marginally by 0.04 per cent, priced at ₹1,24,479 per kilogram.

Long-Term Gold Returns

Gold has been one of the most rewarding assets for Indian investors. Since 2005, gold prices have skyrocketed by 1,200 per cent—from ₹7,638 per 10 grams to over ₹1,00,000 by mid-2025. In 20 years, gold delivered positive returns in 16 years, firmly establishing itself as a hedge against inflation and market volatility.

Year-to-date (YTD), gold prices have climbed by 31 per cent, making it one of the top-performing assets of 2025.

Silver’s Impressive Rally

Silver, too, has proven its worth as a reliable store of value. Over the past two decades, silver has appreciated by 668.84 per cent. In recent months, it has consistently traded above ₹1 lakh per kilogram, further strengthening its position among precious metals investors track closely.

Gold and Silver Prices Today — September 3

According to the Indian Bullion Association (IBA) data at 9:38 am, the 24-carat gold price today was ₹1,06,390 per 10 grams, while 22-carat gold was priced at ₹97,524 per 10 grams.

Silver (Silver 999 Fine) was priced at ₹1,24,190 per kg.

Retail customers should note that final jewellery prices will be higher due to making charges, GST, and other taxes applied by jewellers.

City-Wise Gold and Silver Prices Today (September 3)

Gold and Silver Prices in Mumbai

• Gold bullion: ₹1,06,200/10 gm

• MCX Gold: ₹1,06,045/10 gm

• Silver bullion: ₹1,23,970/kg

• MCX Silver 999: ₹1,24,415/kg

Gold and Silver Prices in New Delhi

• Gold bullion: ₹1,06,010/10 gm

• MCX Gold: ₹1,06,045/10 gm

• Silver bullion: ₹1,23,750/kg

• MCX Silver 999: ₹1,24,415/kg

Gold and Silver Prices in Kolkata

• Gold bullion: ₹1,05,990/10 gm

• MCX Gold: ₹1,06,045/10 gm

• Silver bullion: ₹1,23,780/kg

• MCX Silver 999: ₹1,24,415/kg

Gold and Silver Prices in Bengaluru

• Gold bullion: ₹1,06,220/10 gm

• MCX Gold: ₹1,06,045/10 gm

• Silver bullion: ₹1,24,040/kg

• MCX Silver 999: ₹1,24,415/kg

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Gold and Silver Prices in Hyderabad

• Gold bullion: ₹1,06,300/10 gm

• MCX Gold: ₹1,06,045/10 gm

• Silver bullion: ₹1,24,140/kg

• MCX Silver 999: ₹1,24,415/kg

Gold and Silver Prices in Chennai

• Gold bullion: ₹1,06,460/10 gm

• MCX Gold: ₹1,06,045/10 gm

• Silver bullion: ₹1,24,360/kg

• MCX Silver 999: ₹1,24,415/kg

Why Investors Track Gold Prices Today

The surge in gold prices today reflects not just demand in India but also global market conditions. With expectations of a US Fed rate cut, investors are turning towards gold as a safe-haven asset.

Gold also acts as a hedge against inflation and currency fluctuations. In times of global economic uncertainty, the yellow metal often sees a spike in demand, driving up prices.

Silver, on the other hand, plays a dual role—as an investment asset and as an industrial metal used in electronics, solar panels, and electric vehicles. Its rising demand from technology and renewable energy sectors makes silver a long-term growth story.

Final Thoughts

The gold prices today on September 3 highlight strong investor interest and the precious metal’s resilience amid global uncertainties. With gold at over ₹1,06,000 per 10 grams and silver hovering above ₹1,24,000 per kg, both metals continue to stand out as top-performing assets in 2025.

For buyers in Mumbai, Delhi, Chennai, Bengaluru, Hyderabad, and Kolkata, city-wise bullion and MCX prices provide a useful guide. However, final retail jewellery prices will vary depending on making charges and GST.

For investors, tracking daily gold and silver prices offers valuable insights into trends shaping India’s bullion market and helps in making informed decisions about buying or holding precious metals.