Gold Prices Decline Across Major Indian Cities on September 2

Gold prices declined across most metro cities in India on September 2 compared to the previous day's rates. The downward trend was observed in both 22-carat and 24-carat categories across major commercial hubs.

Nationwide, the price for 1 gram of 22-carat gold stood at ₹14,251, marking a decrease of ₹214. Meanwhile, 8 grams of 22-carat gold was priced at ₹1,14,008, down by ₹1,712.

In Delhi, 22-carat gold was priced at ₹14,315 for 1 gram (down by ₹170) and ₹1,14,520 for 8 grams (down by ₹1,360). For 24-carat gold in the capital, 1 gram cost ₹15,031 (down by ₹178) and 8 grams cost ₹1,20,248 (down by ₹1,424).

In Mumbai, 22-carat gold traded at ₹14,265 for 1 gram (down by ₹170) and ₹1,14,120 for 8 grams (down by ₹1,360). The 24-carat gold in Mumbai was recorded at ₹14,978 for 1 gram (down by ₹179) and ₹1,19,824 for 8 grams (down by ₹1,432).

In Kolkata, 1 gram of 22-carat gold was priced at ₹14,365 (down by ₹170) and 8 grams at ₹1,14,920 (down by ₹1,360). The 24-carat gold in Kolkata stood at ₹15,083 for 1 gram (down by ₹179) and ₹1,20,664 for 8 grams (down by ₹1,432).

In Chennai, the drop was more pronounced. 22-carat gold was priced at ₹13,950 for 1 gram (down by ₹435) and ₹1,11,600 for 8 grams (down by ₹3,480). The 24-carat gold in Chennai was recorded at ₹14,648 for 1 gram (down by ₹456) and ₹1,17,184 for 8 grams (down by ₹3,648).

In Bengaluru, 22-carat gold was available at ₹14,325 for 1 gram (down by ₹170) and ₹1,14,600 for 8 grams (down by ₹1,360). For 24-carat gold, 1 gram cost ₹15,041 (down by ₹179) and 8 grams cost ₹1,20,328 (down by ₹1,432).

Similarly, Hyderabad saw identical pricing to Chennai, with 22-carat gold at ₹13,950 for 1 gram (down by ₹435) and ₹1,11,600 for 8 grams (down by ₹3,480), and 24-carat gold at ₹14,648 for 1 gram (down by ₹456) and ₹1,17,184 for 8 grams (down by ₹3,648).

In Pune, 22-carat gold was priced at ₹14,265 for 1 gram (down by ₹170) and ₹1,14,120 for 8 grams (down by ₹1,360), while 24-carat gold stood at ₹14,978 for 1 gram (down by ₹179) and ₹1,19,824 for 8 grams (down by ₹1,432).

Finally, in Ahmedabad, 22-carat gold traded at ₹14,319 for 1 gram (down by ₹170) and ₹1,14,552 for 8 grams (down by ₹1,360). The 24-carat gold in Ahmedabad was recorded at ₹15,035 for 1 gram (down by ₹178) and ₹1,20,280 for 8 grams (down by ₹1,424).

"Fluctuations in precious metal prices are a standard part of market cycles. Monitoring daily rates across different regions helps consumers and businesses make informed purchasing decisions based on localized pricing variations." — Dr. Shishir Gupta, Founder & CEO, StartupLanes