Gold Rate Today (2 September 2026): 24K, 22K & 18K Prices Drop — Check City-Wise Rates

New Delhi: Gold Rate Today (2 September 2026): Gold prices in India recorded a noticeable dip across major domestic markets on Wednesday morning. The price of 24-karat gold (99.9% purity) settled at ₹15,408 per gram (down by ₹72/g), while standard 22-karat gold—preferred for traditional festive jewelry—declined to ₹14,124 per gram.

The market pullback follows profit-booking by traders after recent high levels in late August, alongside shifting global spot bullion trends.

Direct Answer Summary: Today’s Gold Prices in India (2 Sep 2026)

• 24K Gold Rate: ₹15,408 / gram | ₹1,54,080 / 10 grams

• 22K Gold Rate: ₹14,124 / gram | ₹1,41,240 / 10 grams

• 18K Gold Rate: ₹11,556 / gram | ₹1,15,560 / 10 grams

• Market Trend: Pullback following domestic profit-booking and international spot adjustments.

National Gold Rate Breakdown by Purity

The table below summarizes domestic gold rates per gram and per 10 grams across standard purity levels as of September 2, 2026:

City-Wise 24K Gold Rates Today (2 September 2026)

Local bullion taxes, transport logistics, and municipal bullion association fixes result in minor price variations across Indian cities:

• Delhi: ₹15,423 per gram (₹1,54,230 per 10g)

• Mumbai: ₹15,408 per gram (₹1,54,080 per 10g)

• Bengaluru: ₹15,408 per gram (₹1,54,080 per 10g)

• Chennai: ₹15,440 per gram (₹1,54,400 per 10g)

• Kolkata: ₹15,408 per gram (₹1,54,080 per 10g)

• Ahmedabad: ₹15,413 per gram (₹1,54,130 per 10g)

(Note: Quoted market rates represent base retail prices before local sales tax. Jewelers calculate making charges and mandatory 3% GST separately at checkout.)

Key Drivers Behind Today's Market Movement

1. Profit-Booking After Highs: Following peak surges in late August, institutional investors and traders are taking short-term profits, leading to a natural market consolidation.

2. Global Spot Adjustments: Steady movements in international spot bullion and currency exchanges have eased landed import costs in India.

3. Pre-Festive Buying: Physical demand remains optimistic as retail buyers utilize current price dips to book jewelry orders ahead of peak festive shopping.

Essential Buyer Checklist Before Purchasing Gold

1. Verify BIS Hallmark: Ensure the mandatory 6-digit alphanumeric HUID (Hallmark Unique Identification) code is clearly stamped on the ornament along with the official BIS logo.

2. Choose the Right Purity: Opt for 24K for physical investment coins/bars, and 22K or 18K for structural strength in daily or festive jewelry.

3. Inspect Tax Invoice: Verify that raw metal value, jeweler making charges, and the applicable 3% GST are itemized individually on your tax bill.

Frequently Asked Questions (FAQs)

Q1: Why do gold rates fluctuate during market trading hours?

Domestic gold rates continuously adjust based on Multi Commodity Exchange (MCX) futures, international spot market shifts, and USD/INR currency exchange rate movements.

Q2: Is 3% GST applicable on both raw gold and making charges?

Yes, a uniform 3% GST applies to the final combined bill value, which includes both the raw metal cost and the jeweler's making charges.