Gold Falls ₹1,037 To ₹1.55 Lakh Per 10 Grams, Silver Declines ₹1,711 To ₹2.35 Lakh
New Delhi: Gold and silver prices declined on September 1 after Prime Minister Narendra Modi urged people to avoid purchasing gold unless necessary. According to the India Bullion and Jewellers Association (IBJA), 24-carat gold fell Rs 1,037 to Rs 1,54,798 per 10 grams. Silver declined Rs 1,711 to Rs 2,35,488 per kilogram. Market experts said the Prime Minister’s appeal could keep gold prices…
On September 1, gold and silver prices dropped following Prime Minister Narendra Modi's call for people to refrain from purchasing gold unless necessary, according to the India Bullion and Jewellers Association (IBJA). The price of 24-carat gold fell Rs 1,037 to ₹1,54,798 per 10 grams, while silver declined Rs 1,711 to ₹2,35,488 per kilogram.
Experts believe Modi's appeal may continue to impact gold prices in the future. Factors influencing gold prices included rising crude oil costs and geopolitical tensions between the US and Iran. Prices varied by purity, with 22-carat gold at ₹1,41,795 per 10 grams, 18-carat gold at ₹1,16,099, and 14-carat gold at ₹90,557 per 10 grams.
In major cities, retail prices were higher, with 24-carat gold at ₹1,57,080 in Delhi, Jaipur, and Lucknow; ₹1,56,930 in Mumbai, Kolkata, and Raipur; and ₹1,56,980 in Bhopal, Patna, and Ahmedabad. Despite recent fluctuations, gold prices remain below record highs, which were reached in early 2026.
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