Gold Rate Today, September 1: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities
On September 1, 2026, the price of gold in India was reported at Rs 15,693 per gram for 24 carat, Rs 14,385 per gram for 22 carat, and Rs 11,770 per gram for 18 carat gold, according to Good Returns. The price of 24 carat gold saw a rise of Rs 16 since August 31, while 22 carat and 18 carat gold increased by Rs 15 and Rs 12 respectively during the same period.
Despite a temporary drop in prices due to international panic, tensions in the Middle East kept gold prices fluctuating. The ongoing conflict between the U.S. and Iran led to a surge in crude oil prices, surpassing $91 per barrel, which in turn caused inflation concerns and affected central bank interest rate forecasts. The global sell-off in sovereign debt, sparked by the spike in oil prices, led to record high yields on U.S. Treasuries and Japanese 10-year yields.
A temporary ceasefire between the U.S. and Iran in mid-June 2026 failed to hold, resulting in renewed military clashes and further volatility in energy markets. As investors sought safety, gold emerged as a preferred asset, with domestic gold prices mirroring international trends, import tariffs, and currency movements.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
