gold rate today in india 24 carat : 03 September, 2025
Gold price today: Gold rates hit a record high of ₹1,06,199 per 10 grams, rising by about half a per cent, in the domestic futures market on Wednesday (September 3) morning on a stable dollar amid expectations of a US Fed rate cut this month. MCX Gold October futures traded 0.26 per cent higher at ₹1,06,070 per 10 grams around 1:30 PM. However, MCX Silver December futures were 0.03 per cent down at ₹1,24,488 per kg at that time.
Due to ongoing worries about Trump tariffs and mounting anticipation that the US Federal Reserve will lower interest rates this month,gold prices have been climbing.U.S. gold futures increased to $3,616.70 per troy ounce,as gold prices throughout the world also reached all-time highs.
On September 17,the US Fed will make its policy announcement.Reuters reports that the market is pricing in a 92% possibility of a 25 basis point Fed rate decrease this month,according to CME Group’s FedWatch tool.
Expectations on the magnitude of the Fed’s possible rate decrease this month may be influenced by the US non-farm payrolls data, which is due on Friday.
Trump tariffs are a significant factor supporting gold prices,aside from expectations of a Fed rate cut.
The US tariff on Indian goods doesn’t seem to be going away anytime soon.US President Donald Trump stated on Tuesday that he is not considering reducing tariffs on India,according to a Bloomberg article.
Market players worry that the Indian economy could suffer greatly from a protracted period of rising US tariffs.In contrast,gold prices typically increase during uncertain economic times.
India Bullion and Jewellers Association (IBJA) Vice President Aksha Kamboj,Executive Chairperson of Aspect Global Ventures,noted that “dominant world economic uncertainties have significantly impacted Indian precious-metal markets during recent sessions,with gold maintaining its bullish run on the back of continued safe-haven demand.”
Investors are purchasing gold in large quantities amid increased concern about the trajectory of global economic growth.
According to Reuters,holdings of SPDR Gold Trust, the biggest gold-backed exchange-traded fund in the world,increased 1.32 percent to 990.56 tons on Tuesday,the highest level since August 2022.
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