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  5. Gold, silver rates today: Gold shines again, silver gains; 24K, 22K and 18K rates in Mumbai, Chennai, Hyderabad and other cities

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Gold, silver rates today: Gold shines again, silver gains; 24K, 22K and 18K rates in Mumbai, Chennai, Hyderabad and other cities

Upstox
By Upstox News Desk

4 min read | Updated on September 03, 2026, 11:24 IST

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SUMMARY

The gains come a day after gold prices in the physical market fell sharply, extending their losing streak to six sessions.

gold silver rates today 3 sep

Gold rates varied across major Indian cities on September 3.

Gold and silver prices were trading higher on the MCX on Thursday, September 3, with both precious metals recovering after recent declines. MCX Gold October futures stood at ₹1,53,887 per 10 grams, up ₹1,485 or 0.97%, while MCX Silver futures were at ₹2,38,625 per kg, higher by ₹2,359 or 1%, according to the latest exchange quotes.

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The gains come a day after gold prices in the physical market fell sharply, extending their losing streak to six sessions.

For personal finance investors, the latest move highlights the continuing volatility in precious metals.

Gold, silver rates today, September 3

In the physical bullion market, 24-karat gold was priced at ₹1,54,340 per 10 grams, up 0.86%, while 999-fine silver stood at ₹2,38,020 per kg, higher by 0.85%, according to India Bullion Rates at 10:50 am IST.

The recovery in domestic prices comes after gold had declined for six consecutive sessions, while silver also faced selling pressure in the previous session.

Going ahead, precious metals could remain sensitive to US Federal Reserve interest-rate expectations, crude oil prices, inflation concerns and geopolitical tensions. Investors are also watching upcoming US labour-market data, which could provide fresh clues about the Fed's monetary-policy path. Higher interest rates can weigh on non-yielding assets such as gold, while elevated geopolitical uncertainty can support demand for safe-haven assets.

Gold rates today in Delhi, Mumbai, Chennai, Hyderabad, and other cities

According to Goodreturns, gold rates varied across major Indian cities on September 3. 24K gold was priced at ₹1,55,350 per 10 grams in Chennai, Mumbai, Bengaluru and Hyderabad, while Delhi had the highest rate among these at ₹1,52,160 per 10 grams based on Goodreturns’ latest city data. Rates also varied by purity, with 22K and 18K gold available at lower prices. Goodreturns notes that these are indicative rates and do not include GST, TCS and other levies.
City24K Gold (10 gm)22K Gold (10 gm)18K Gold (10 gm)
Chennai₹1,55,350₹1,42,400₹1,19,690
Mumbai₹1,55,350₹1,42,400₹1,16,510
Delhi₹1,55,500₹1,42,550₹1,16,660
Kolkata₹1,55,350₹1,42,400₹1,16,510
Bangalore₹1,55,350₹1,42,400₹1,16,510
Hyderabad₹1,55,350₹1,42,400₹1,16,510
Kerala₹1,55,350₹1,42,400₹1,16,510
Pune₹1,55,350₹1,42,400₹1,16,510
Vadodara₹1,55,400₹1,42,450₹1,16,560
Ahmedabad₹1,55,400₹1,42,450₹1,16,560

Tanishq 22K, 24K gold rates on September 3

According to the Tanishq 24K gold rate, the price stood at ₹15,251 per gram on September 3, 2026, unchanged from September 2. The rate was ₹15,595 per gram on September 1 and ₹15,725 per gram on August 31. On a 10-gram basis, the September 3 rate works out to ₹1,52,510. Overall, the rate has declined by ₹474 per gram, or about 3.0%, since August 31.

According to the Tanishq 22K gold rate, the price stood at ₹13,980 per gram on September 3, 2026, unchanged from September 2. The rate was higher at ₹14,295 per gram on September 1, meaning it has declined by ₹315 per gram, or about 2.2%, over the past two days. On a 10-gram basis, the September 3 rate works out to ₹1,39,800.

Factors affecting gold and silver prices today

US Fed rate outlook: Expectations of higher-for-longer interest rates can put pressure on gold.
US labour-market data: Upcoming employment data could influence expectations for the Fed's next policy move.
Crude oil prices: Rising oil prices can fuel inflation concerns and affect rate expectations.
Geopolitical tensions: Escalation in West Asia can increase safe-haven demand for gold, while also affecting silver through industrial and macroeconomic channels.
ETF flows: Changes in holdings of gold-backed ETFs can indicate shifts in investor demand for the metal.
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Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Investors should do their own research or consult a registered financial advisor before making investment decisions.

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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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