Gold Hits Record High at ₹1,06,200: Silver Surges ₹900 in Single Day Amid Market Volatility

Key Points:

• 24K gold reaches new high at ₹1,06,200-1,06,250 per 10 grams across major cities
• Silver jumps ₹900 to ₹1,27,000 per kg, marking significant single-day surge
• 22K gold crosses ₹97,400 mark in most cities, up ₹100 from previous day
• Price variations across cities: Delhi-Jaipur rates highest, southern cities slightly lower
• Record-breaking trend continues: Gold up 1.34% with strong bullish momentum
• Safe-haven demand driving prices: Global economic uncertainties boosting precious metal appeal

New Delhi: Gold and silver prices have reached unprecedented heights in the Indian domestic market on Wednesday, September 3, 2025, with 24-carat gold touching ₹1,06,200-1,06,250 per 10 grams and silver surging by ₹900 to hit ₹1,27,000 per kilogram, according to the latest data from the India Bullion and Jewelers Association (IBJA).

Historic Single-Day Surge in Precious Metals

The precious metals market witnessed exceptional volatility on Wednesday, with 24-carat gold prices showing a remarkable 1.34% increase from the previous day’s close of ₹1,04,669. This represents an increase of approximately ₹1,422 in a single trading session, marking one of the most significant daily gains in recent months.

Silver experienced an even more dramatic surge, jumping ₹900 per kilogram to reach ₹1,27,000, representing substantial gains for investors and adding pressure on jewelry buyers.

City-Wise Gold Price Breakdown

Premium Markets (Higher Rates)

According to IBJA data, the following cities are experiencing the highest gold rates:

Standard Markets

Most major metropolitan cities are trading at slightly lower rates:

Mid-Tier Markets

• Patna: 22K at ₹97,311, 24K at ₹1,06,150
• Ahmedabad: 22K at ₹97,300, 24K at ₹1,06,140

Silver Price Surge Across Major Cities

Silver rates have shown consistent increases across all major markets:

*Note: Hyderabad shows different pricing structure for silver

Market Analysis and Price Drivers

Technical Indicators

Gold market volatility remains low despite the significant price increase, with today’s trading range between ₹1,05,851 (low) and ₹1,06,116 (high). Market analysts note the bullish bias continues with potential for further record highs amid safe-haven demand.

Key Price Influencing Factors

International Market Forces:

• Global economic uncertainty driving safe-haven demand
• Currency exchange rate fluctuations affecting import costs
• Dollar movements impacting international gold prices
• Geopolitical tensions supporting precious metals rally

Domestic Market Dynamics:

• Festive season demand approaching (Diwali season)
• Wedding season purchases contributing to sustained demand
• Import duty structures and customs policies
• Local supply-demand imbalances in regional markets

Impact on Consumers and Investors

For Jewelry Buyers

The ₹100 increase in gold prices and ₹900 surge in silver represents a significant additional burden for consumers planning purchases. Wedding season buyers and festival shoppers are facing unprecedented high costs for precious metal jewelry.

For Investors

The continuous record-breaking trend offers both opportunities and risks for precious metal investors. The 1.34% single-day gain demonstrates the volatile nature of current markets while confirming gold’s traditional role as an inflation hedge.

Cultural and Economic Significance

Gold maintains its special status in Indian society, playing crucial roles in religious ceremonies, weddings, and cultural celebrations. Beyond cultural significance, precious metals have consistently provided better returns during inflationary periods, making them attractive investment options for wealth preservation.
The current price surge reflects both global economic uncertainties and strong domestic demand, positioning gold and silver as key indicators of market sentiment and economic stability in the Indian context.

For potential buyers, market experts advise monitoring price trends closely and considering systematic purchase plans rather than lump-sum investments, given the high volatility and record price levels currently prevailing in the precious metals market.