Gold and Silver Prices Fall across India on Thursday, September 4, 2025, after the government’s new GST reforms unsettled market sentiment. The dip comes on the back of weeks of price volatility, during which precious metals had managed to hold steady despite global economic headwinds.
Gold and Silver Prices in India – September 4, 2025
The yellow metal lost ground in major cities:
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24 Carat Gold (10 gm)
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Delhi: ₹1,05,810
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Mumbai: ₹1,05,990
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Bengaluru: ₹1,06,070
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22 Carat Gold (10 gm)
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Delhi: ₹96,993
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Mumbai: ₹97,158
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Bengaluru: ₹97,231
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Silver Prices Today
Silver mirrored gold’s decline, with rates easing across metros:
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Delhi: ₹1,23,190 per kg
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Mumbai: ₹1,23,400 per kg
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Bengaluru: ₹1,23,500 per kg
Why Did Gold and Silver Prices Fall Today?
Gold prices tumbled by as much as ₹1,100 per 10 grams, making it one of the sharpest single-day drops in recent weeks. In Hyderabad, for example, 22K gold was quoted at ₹97,950 (down ₹100), while 24K gold fell to ₹1,06,850 (down ₹110).
Analysts attribute the decline to the uncertainty created by GST-related policy changes, which temporarily dampened domestic demand. Global cues also played a role, as investor appetite weakened and commodity markets turned cautious.
Expert Insights
Despite Thursday’s slump, experts believe the long-term outlook for precious metals remains intact.
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Short-term view: Gold could rebound towards ₹1,07,800, while silver might climb back to ₹1,30,000 per kg if demand stabilizes.
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Global outlook: Investment giant Goldman Sachs has projected that gold could breach $4,000 an ounce by mid-2026. The bank added that if even a modest 1% of funds move out of US Treasuries into gold, prices could spike further to $4,500 an ounce.
Bottom Line
For buyers, today’s correction has brought some welcome relief, making gold and silver slightly more affordable. However, market watchers caution that this softness may not last long. Precious metals continue to be viewed as a safe-haven investment, especially in times of policy shifts and economic uncertainty. Over the longer horizon, both gold and silver are expected to remain in an upward trend, reinforcing their appeal to investors and households alike.