Gold Rate Today: 24K Gold Closes at ₹1,54,884 per 10g on September 4, Up ₹943

Key Takeaways 

• The IBJA PM benchmark for 999-purity gold closed at ₹1,54,884 per 10 grams on September 4. 
• The rate increased by ₹943, or approximately 0.61%, from the September 3 PM benchmark of ₹1,53,941. 
• The 916-purity gold benchmark ended at ₹1,41,874 per 10 grams. 
• Silver 999 closed at ₹2,35,456 per kg, up ₹2,923 or approximately 1.26% from the previous PM rate. 
• The September 4 PM gold rate was ₹24 below the day's AM benchmark of ₹1,54,908. 

Gold Rate Today on September 4, 2026

Gold Rate ended higher in India's benchmark physical bullion market on September 4. 

The PM benchmark for 999-purity gold stood at ₹1,54,884 per 10 grams, compared with ₹1,53,941 in the September 3 PM fixing. 

That represents an increase of ₹943 per 10 grams, or approximately 0.61%, on a closing-fixing basis. 

During the same day, the AM benchmark had stood slightly higher at ₹1,54,908 per 10 grams. The PM rate therefore eased by ₹24 from the morning level while remaining above the previous day's closing benchmark. 

Gold Rates by Purity on September 4 

The benchmark rates exclude 3% GST and making charges. Retail jewellery prices can therefore differ depending on taxes, making charges and local premiums. 

How Much Did Gold Rise on September 4? 

The 999-purity gold benchmark increased from ₹1,53,941 per 10 grams on September 3 PM to ₹1,54,884 on September 4 PM. 

The ₹943 increase translates to approximately 0.61%. 

For 916-purity gold, commonly associated with 22K gold, the PM benchmark increased from ₹1,41,010 to ₹1,41,874 per 10 grams, a rise of ₹864. 

Silver recorded a larger percentage increase. The 999-silver benchmark rose from ₹2,32,533 per kg to ₹2,35,456, an increase of ₹2,923 or about 1.26%. 

What Is Driving Gold Prices?

Gold prices are affected by a combination of international bullion prices, the US dollar, bond yields, monetary-policy expectations, geopolitical developments and the rupee-dollar exchange rate. 

For Indian prices, movements in the rupee are particularly relevant because international bullion is predominantly priced in US dollars. A change in USD/INR can therefore alter the domestic landed price even when the international gold price itself changes relatively little. 

Interest-rate expectations can also affect gold because the metal does not generate interest income. Changes in bond yields can consequently alter the relative opportunity cost of holding bullion. 

These factors describe the channels through which gold prices move and do not indicate the future direction of the metal or related securities.

What Can Higher Gold Prices Mean for Indian Markets?

Jewellery Companies 

A higher gold price raises the rupee value of the raw material and inventory required to maintain the same physical quantity of jewellery. 

The eventual effect on individual jewellery businesses depends on inventory levels, hedging arrangements, sales volumes, product mix and the extent to which changes in gold prices are passed through to customers.

Consumer Demand 

When the per-gram price rises, the absolute cost of buying a fixed weight of gold also increases. Consumers can respond through changes in purchase volumes, jewellery weights or timing, although demand patterns also depend on income, festive and wedding demand and other household factors. 

Gold Imports 

India meets a significant part of its gold demand through imports. If international prices rise while import volumes remain unchanged, the dollar value of gold imports can increase. 

The effect on India's overall trade balance depends on gold volumes alongside movements in other imports and exports. 

Gold-Loan Businesses 

Changes in gold prices affect the market value of collateral used for gold-backed lending. However, the impact on individual lenders also depends on loan-to-value ratios, regulatory requirements and portfolio composition. 

Broader Equity Market 

Gold can move in response to variables such as interest rates, the dollar and geopolitical uncertainty that also affect equities. A rise in gold prices, however, does not by itself establish a directional view for the broader stock market.