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Tuesday, June 25, 2024

Today’s Gold and Silver Prices: September 1 Bullion Rates for Your City

<p>India’s gold prices rose Monday, September 1, as a result of Q1 GDP figures showing that India had the world’s highest economic growth, surpassing China. On Friday, the price of 22-carat gold in Delhi was Rs 55,200 per 10 kilos, while the price of 24-carat gold was Rs 60,200 per 10 grams. The price of silver was Rs 77,100 per kilogram on Friday.<img decoding=”async” class=”alignnone wp-image-155296″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-asim-riaz-of-bigg-boss-13-remembers-his-old-friend-sidharth-shukla-saying-nobody-can-take-his-place-gold-silver-price-for-august-31-1693456227838-1693456228040-11zon-750×423.png” alt=”theindiaprint.com asim riaz of bigg boss 13 remembers his old friend sidharth shukla saying nobody can take his place gold silver price for august 31 1693456227838 1693456228040 11zon” width=”1480″ height=”835″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-asim-riaz-of-bigg-boss-13-remembers-his-old-friend-sidharth-shukla-saying-nobody-can-take-his-place-gold-silver-price-for-august-31-1693456227838-1693456228040-11zon-750×423.png 750w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-asim-riaz-of-bigg-boss-13-remembers-his-old-friend-sidharth-shukla-saying-nobody-can-take-his-place-gold-silver-price-for-august-31-1693456227838-1693456228040-11zon-1024×577.png 1024w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-asim-riaz-of-bigg-boss-13-remembers-his-old-friend-sidharth-shukla-saying-nobody-can-take-his-place-gold-silver-price-for-august-31-1693456227838-1693456228040-11zon-768×433.png 768w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-asim-riaz-of-bigg-boss-13-remembers-his-old-friend-sidharth-shukla-saying-nobody-can-take-his-place-gold-silver-price-for-august-31-1693456227838-1693456228040-11zon-1536×866.png 1536w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-asim-riaz-of-bigg-boss-13-remembers-his-old-friend-sidharth-shukla-saying-nobody-can-take-his-place-gold-silver-price-for-august-31-1693456227838-1693456228040-11zon-390×220.png 390w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-asim-riaz-of-bigg-boss-13-remembers-his-old-friend-sidharth-shukla-saying-nobody-can-take-his-place-gold-silver-price-for-august-31-1693456227838-1693456228040-11zon-150×85.png 150w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-asim-riaz-of-bigg-boss-13-remembers-his-old-friend-sidharth-shukla-saying-nobody-can-take-his-place-gold-silver-price-for-august-31-1693456227838-1693456228040-11zon.png 1597w” sizes=”(max-width: 1480px) 100vw, 1480px” title=”Today's Gold and Silver Prices: September 1 Bullion Rates for Your City 6″></p>
<p>Mumbai’s price for 22- and 24-carat gold was Rs. 55,050 per 10 grams and Rs. 60,050 per 10 grams, respectively. The price of the precious metal was the same in Kolkata as well. Prices for 22-carat and 24-carat gold in Chennai were Rs 55,350 and Rs 60,390 per 10 kilos, respectively.</p>
<p>Gold was priced in Agra at Rs. 55,200 and Rs. 60,200 per 10 grams. Prices for 22-carat and 24-carat purity gold in Thiruvananthapuram were Rs 55,050 per 10 grams and Rs 60,050 per 10 grams, respectively.</p>
<p>Silver prices were marginally higher at Rs 75,785 per kg in the futures market, while gold prices were trading unchanged at Rs 59,350 per 10 grams on the MCX.</p>
<p>Silver was trading at $24.52 per ounce while gold was unchanged at $1,940.7 per ounce on the global market.</p>
<p>In the words of Prathamesh Mallya, DVP Research, Non-Agro Commodities & Currency, “Gold held steady near its one-month peak as anticipated US inflation and weaker job figures reinforced predictions of the Federal Reserve maintaining interest rates this year.”</p>
<p>He also noted that the US personal consumption expenditures price index increased by 0.2%, matching June’s gain, and that it increased by 3.3% over the course of the year, as opposed to June’s 3.0% increase.</p>
<p>Despite the fact that US consumer spending picked up in July, US Treasury rates and the dollar index marginally increased after momentarily trimming gains after the announcement of the data, which diminished the appeal of non-yielding gold, according to Mallya.</p>
<p>The FedWatch program predicted that rates would remain constant in September with an 88.5 percent likelihood and that there would be a pause in November with a 51 percent possibility.</p>
<p>As a result of anticipation that the US Fed would maintain high interest rates, he added, “gold prices are expected to remain under pressure.”</p>
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