Gold and silver prices continue to remain strong in India, with the yellow metal holding near record highs on Wednesday, September 4, 2025. Investors and retail buyers are closely tracking the Indian Bullion Association (IBA) updates, especially ahead of the upcoming festive and wedding season.
According to IBA data at 9:13 am, the price of 24-carat gold stood at ₹1,06,230 per 10 grams, while 22-carat gold was priced at ₹97,524 per 10 grams. Meanwhile, silver prices today (Silver 999 Fine) were quoted at ₹1,23,670 per kilogram.
Gold Prices Today in Major Cities — September 4
Gold rates vary across Indian cities due to factors like transportation costs, local demand, jewellers’ margin, and state-level taxes. Here’s a look at today’s city-wise gold prices:
- Delhi: 24-carat gold at ₹1,06,230 / 10 gms; 22-carat gold at ₹97,524 / 10 gms
- Mumbai: 24-carat gold at ₹1,06,230 / 10 gms; 22-carat gold at ₹97,524 / 10 gms
- Bengaluru: 24-carat gold at ₹1,06,230 / 10 gms; 22-carat gold at ₹97,524 / 10 gms
- Chennai: 24-carat gold at ₹1,06,230 / 10 gms; 22-carat gold at ₹97,524 / 10 gms
- Hyderabad: 24-carat gold at ₹1,06,230 / 10 gms; 22-carat gold at ₹97,524 / 10 gms
- Kolkata: 24-carat gold at ₹1,06,230 / 10 gms; 22-carat gold at ₹97,524 / 10 gms
📌 Note: Retail customers must remember that jewellers may add making charges, GST, and other taxes to the base rate, which increases the final purchase price.
Silver Prices Today — September 4
Just like gold, silver has maintained strong momentum in 2025. The IBA silver rate today is quoted at ₹1,23,670 per kilogram.
Silver prices across cities remain largely uniform, though retail jewellers may charge extra based on design, craftsmanship, and making charges on jewellery and artifacts.
20-Year Journey of Gold and Silver Prices (2005–2025)
Gold and silver have delivered exceptional returns for Indian investors over the last two decades.
- In 2005, the price of gold was ₹7,638 per 10 grams. By 2025 (till June), it surged past ₹1,00,000 per 10 grams, marking a 1,200% increase.
- Over the past 20 years, gold has given positive returns in 16 years, cementing its position as one of the most reliable long-term investments.
- In 2025 alone, gold prices have climbed by 31% YTD, making it one of the top-performing global assets this year.
- Silver, too, has shown impressive growth — rising from much lower levels in 2005 to over ₹1,23,000/kg in 2025, an appreciation of 668.84%.
Why Are Gold Prices Rising in 2025?
Experts attribute the current bullish trend in gold prices to multiple global and domestic factors:
- Weaker US Dollar Index (DXY): A falling dollar makes gold cheaper for international buyers.
- Rate Cut Expectations: Anticipation of US Federal Reserve rate cuts has boosted investor demand for gold.
- Geopolitical Uncertainty: Ongoing global conflicts and trade tensions are increasing safe-haven demand.
- Strong Demand from China & India: Both countries are witnessing robust gold imports ahead of festivals and weddings.
- ETF Inflows: Exchange-traded funds have seen rising inflows, supporting gold’s rally.
Gold as a Safe-Haven and Inflation Hedge
For centuries, gold has been regarded as a safe-haven asset. In times of stock market volatility, rising inflation, or economic uncertainty, investors turn to gold to preserve wealth.
In 2025, as equity markets remain volatile, many investors are diversifying their portfolios with gold and silver. Historically, these precious metals have helped hedge against inflation and currency depreciation.
Should You Buy Gold Now?
With gold trading at record levels, retail buyers often wonder whether it’s the right time to invest. Analysts suggest:
- Long-Term Investors: Gold remains attractive for wealth preservation. A systematic investment approach (like gold SIPs or sovereign gold bonds) can average out costs.
- Short-Term Buyers: Those looking to purchase gold for weddings or festivals may want to lock in prices early, as volatility is expected to continue.
- Silver Buyers: Silver’s dual role as a precious and industrial metal makes it a strong alternative investment.
Key Points to Remember Before Buying Gold
- Always check IBA daily gold prices or reputed jewellers’ associations before purchase.
- Verify the purity of gold — 24-carat, 22-carat, or hallmark certification.
- Account for making charges, GST, and additional levies that can increase the final bill.
- Consider investment options like Sovereign Gold Bonds, Gold ETFs, or digital gold for safer and hassle-free holdings.
Outlook for Gold and Silver Prices
Market analysts predict that gold could move towards the ₹1,10,000 per 10 grams mark if global monetary easing continues. Silver, with strong industrial demand from electronics and renewable energy, may also see prices rise further towards ₹1,30,000 per kilogram.
Conclusion
Gold and silver prices on September 4, 2025, continue to trade at elevated levels, with 24-carat gold priced at ₹1,06,230 per 10 grams and silver at ₹1,23,670 per kg. Over the past 20 years, gold has proven to be a lucrative and safe investment, delivering 1,200% returns, while silver has appreciated by 668.84%.
For Indian households, which traditionally view gold and silver as symbols of wealth and security, these metals remain not just ornaments but also strong financial assets.
