Gold Rates Drop Today: Gold and silver prices are fluctuating today, with rates surging and declining. PM Narendra Modi has appealed to the public to refrain from purchasing non-essential gold. Gold and silver prices fell on September 1. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by ₹1,037 to reach ₹1.55 lakh per 10 grams. Additionally, the price of one kilogram of silver dropped by ₹1,711 to reach ₹2.35 lakh.
On Tuesday, PM Narendra Modi once again urged citizens not to buy gold. He said on Instagram that people should not buy gold unless it is essential. Following this, gold and silver prices declined on the MCX and IBJA platforms.
At the time of writing, during Tuesday morning’s trading session (September 1), gold prices on the MCX had fallen by 1.20% to trade at ₹1,52,599 per 10 grams, while silver prices stood at ₹2,30,470 per kilogram. If a wedding is scheduled in your family soon and you are considering purchasing gold, check the latest rates beforehand.
24-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), 24-carat gold is priced at ₹1,54,798 per 10 grams.
23-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), 23-carat gold is priced at ₹1,54,178 per 10 grams.
22-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), 22-carat gold is priced at ₹1,41,795 per 10 grams.
18-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), 18-carat gold is priced at ₹1,16,099 per 10 grams.
14-Carat Gold
According to the India Bullion and Jewellers Association (IBJA), 14-carat gold is priced at ₹90,557 per 10 grams.
Silver Price
According to the India Bullion and Jewellers Association (IBJA), the price of one kilogram of silver fell by ₹1,711 today to ₹2,35,488.