Gold Rate in India Today, September 3, 2026: 24K Gold Rebounds ₹3,330 per 10 gm, Recovering Part of Wednesday’s Sharp Fall

New Delhi, Sept 3: Gold prices in India bounced back sharply on Thursday morning, recovering a meaningful chunk of Wednesday’s steep correction as the metal found fresh buying interest. Today’s national rate for gold stands at ₹1,55,350 per 10 grams for 24 karat gold (99.9% purity), ₹1,42,400 per 10 grams for 22 karat gold (91.6% purity), and ₹1,16,510 per 10 grams for 18 karat gold (75% purity). On a per-gram basis, that works out to ₹15,535 for 24K, ₹14,240 for 22K, and ₹11,651 for 18K gold, while a full kilogram of 24K gold is now valued at approximately ₹1,55,35,000. 

The move marks a gain of ₹3,330 for 24K gold, ₹3,050 for 22K gold, and ₹2,490 for 18K gold per 10 grams over Wednesday’s closing levels of ₹1,52,020, ₹1,39,350 and ₹1,14,020, respectively — a uniform rise of about 2.19% across all three purity categories. The rebound recovers roughly two-thirds of Wednesday’s sharp 3.13% fall, though gold remains below the levels seen earlier this week before the correction set in, leaving the metal in a choppy, two-way trading pattern through the first three sessions of September. 

Gold has long been considered a reliable hedge against inflation, and Thursday’s sharp rebound reinforces that view among investors who used Wednesday’s dip as a buying opportunity. Buyers looking for exact pricing can use the Gold Rate Calculator to work out the final cost, including making charges and GST, before heading to a jewellery counter. Rates are updated daily and sourced from reputed jewellers across the country. 

Dealers attributed Thursday’s strong bounce to renewed safe-haven buying in global spot gold prices, as fresh escalation in the Iran-US conflict overnight reversed some of the diplomatic optimism that had driven Wednesday’s profit-booking. Iran’s health ministry reported dozens of casualties from the latest round of US strikes, reigniting concerns over a wider regional conflict and sending investors back toward traditional safe-haven assets. A softer US dollar also supported the recovery, with traders describing Thursday’s move as a swift reversal of Wednesday’s correction rather than the start of a fresh sustained rally. 

Physical demand at the retail level remained steady through the volatility, dealers said, with the wedding and festive season in several parts of the country continuing to support jewellery counter footfall regardless of the day-to-day price swings. Market watchers noted that Thursday’s sharp bounce highlights how sensitive gold remains to headlines from the Middle East, and cautioned that further swings in either direction are likely if the Iran-US situation continues to escalate or de-escalate unpredictably. 

City-Wise Gold Rates on Thursday 

Gold rates across India’s major cities broadly mirrored the national trend on Thursday, with 24K and 22K gold rising by a uniform ₹3,330 and ₹3,050 per 10 grams, respectively, in most cities. Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune are all pricing 24K gold at ₹1,55,350 per 10 grams and 22K gold at ₹1,42,400 per 10 grams, in line with the national rate. Delhi continues to command the highest 24K and 22K gold rates among the ten cities, with 24K gold priced at ₹1,55,500 per 10 grams, while Vadodara and Ahmedabad follow close behind at ₹1,55,400 per 10 grams. 

Chennai once again stood apart from the rest of the pack, posting a far smaller rise of just ₹720 per 10 grams in 24K gold, ₹660 per 10 grams in 22K gold, and ₹250 per 10 grams in 18K gold — a fraction of the increases seen elsewhere. The muted move continues a pattern seen through the week, in which Chennai’s rates have moved by smaller amounts than the rest of the country on both up days and down days, gradually narrowing what had been a wider premium earlier in the week. Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune all posted a uniform ₹2,490 per 10 grams rise in 18K gold, while Delhi, Vadodara and Ahmedabad rose by a slightly larger ₹2,490 to ₹2,550 range depending on the city’s base rate. 

24K Gold — 10 Major Cities (per 10 gm) 

Source: goodreturns.in/gold-rates 

22K Gold — 10 Major Cities (per 10 gm) 

Source: goodreturns.in/gold-rates 

18K Gold — 10 Major Cities (per 10 gm) 

Source: goodreturns.in/gold-rates 

Retail buyers are reminded that quoted bullion rates are indicative, and actual billed prices at jewellery counters will vary once making charges, wastage and applicable GST are added on top of the base metal value. 

Investors who are looking to diversify beyond physical gold can also explore the list of Gold ETFs in India, which track bullion prices without the need to store physical metal: https://hdfcsky.com/etf/gold-etf 

Market watchers said Thursday’s sharp bounce underscores how directly gold prices are now tracking headlines from the Middle East, with the metal swinging by more than 2% in either direction over consecutive sessions this week. With reports of civilian casualties from the latest US strikes on Iran adding to international pressure for de-escalation, and UN Secretary-General Antonio Guterres calling for an immediate cessation of military action, dealers said gold’s near-term path will likely stay volatile and headline-driven rather than settling into a clear trend. 

Jewellery Stocks Today 

Shares of listed jewellery companies were mostly higher around mid-morning trade on Thursday, even as gold prices rebounded sharply, with PC Jeweller, Kalyan Jewellers India and Thangamayil Jewellery all trading in the green while Titan Company was the lone decliner. PC Jeweller was the standout performer by a wide margin, extending its recent momentum after this week’s capital-raising approvals. Trading was still underway through the morning session at the time of writing. 

Source: NSE

PC Jeweller: Rally Extends After Capital-Raising Approvals 

PC Jeweller shares surged nearly 5% on Thursday, extending a recovery that began earlier this week after shareholders approved a series of measures to strengthen the company’s balance sheet. The stock’s rise builds on Tuesday’s shareholder approval of an increase in authorised share capital to ₹1,460 crore and a proposal to raise up to ₹1,000 crore through a Qualified Institutional Placement, both aimed at improving the jewellery retailer’s financial flexibility. With the stock still trading below ₹11, PC Jeweller’s percentage moves remain unusually large relative to its peers, a pattern typical of low-priced, high-volume counters reacting to corporate developments.