Gold and silver prices saw a sharp drop of over ₹2,000 on Tuesday morning. In Mumbai, 24-carat gold was priced at ₹1,01,400 per 10 grams, while 22-carat gold stood at ₹92,950 for the same quantity. Silver prices also declined, falling by ₹2,000 to ₹1,15,000 per kilogram across India. On the Multi Commodity Exchange (MCX), gold futures set to expire on October 3, 2025, dipped 0.02% to ₹1,00,300 per 10 grams. Meanwhile, silver futures for September 5, 2025, rose 0.23% to ₹1,13,560 per kilogram.
In India, daily gold rates are influenced by global market trends, import duties, taxes, and fluctuations in exchange rates. Gold holds both emotional and financial value in Indian culture, being a popular investment and an essential part of major celebrations like weddings and festivals. With ongoing market volatility, investors and buyers actively track price movements, making it important to stay informed about changing trends for better financial decisions.
