Gold and silver prices in your city on September 3: The yellow metal prices surged in the domestic futures market on Wednesday, September 3, during the morning trading session amid a steady dollar and hopes of a US Fed rate cut this month.
MCX Gold October 3 contracts rose 0.25 per cent at ₹1,06,060 per 10 grams around 9:30 am, while MCX Silver September 5 contracts dropped 0.04 per cent at ₹1,24,479 per kg.
Gold, silver returns
In terms of returns, gold prices have massively risen by 1,200 per cent, up from ₹7,638 in 2005 to over ₹1,00,000 in 2025 (till June). In 20 years, the yellow metal has delivered solid returns in 16 years. Year-to-date (YTD), prices have climbed by 31 per cent, with record highs reaffirming its position among 2025’s top-performing assets and as a dependable hedge during market volatility.
Meanwhile, silver prices have been resilient, maintaining above ₹1 lakh per kilogram for some time now. Over the past twenty years (2005-2025), the metal has appreciated by a substantial 668.84 per cent.
Gold, silver prices today — September 3
The 24-carat gold was priced at ₹1,06,390 per 10 gms, according to data on the Indian Bullion Association (IBA) at 9:38 am on September 30, while 22-carat gold was priced at ₹97,524 per 10 gms. Silver prices today are at ₹1,24,190 (Silver 999 Fine), as per the IBA website.
Check gold and silver prices in your city today, September 3: Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Retail customers must note that jewellers may add making charges, taxes, and GST to the bill, which could hike the final price.
Gold and Silver Prices in Mumbai — September 3
- Gold bullion rates in Mumbai — ₹1,06,200/10 gm.
- MCX Gold rate in Mumbai — ₹1,06,045/10 gm.
- Silver bullion rate in Mumbai — ₹1,23,970/kg.
MCX Silver 999 rate in Mumbai — ₹1,24,415/kg.
Gold and Silver Prices in Hyderabad — September 3
- Gold bullion rates in Hyderabad — ₹1,06,300/10 gm.
- MCX Gold rate in Hyderabad — ₹1,06,045/10 gm.
- Silver bullion rate in Hyderabad — ₹1,24,140/kg.
- MCX Silver 999 rate in Hyderabad — ₹1,24,415/kg.
Gold and Silver Prices in Chennai — September 3
- Gold bullion rates in Chennai — ₹1,06,460/10 gm.
MCX Gold rate in Chennai — ₹1,06,045/10 gm.
Silver bullion rate in Chennai — ₹1,24,360/kg.
MCX Silver 999 rate in Chennai — ₹1,24,415/kg.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
