Mon Sep 01 04:00:00 UTC 2025: ## Gold Prices Skyrocket to Record Highs Amid Tariff Fears and Festive Demand

**New Delhi, India** – Gold prices surged dramatically today, September 1st, driven by fears surrounding Trump’s tariffs and heightened demand ahead of the festive season. The Multi Commodity Exchange (MCX) saw a significant spike, with gold prices rising by ₹1123 per 10 grams. Silver prices also experienced a sharp increase, climbing by over ₹2000. This surge follows a record-breaking performance by gold on Friday, August 29th.

As of 10:35 AM on the MCX, 10 grams of gold reached ₹104,975, marking an increase of ₹1151 from its previous closing price of ₹103,824. The Indian Bullion and Jewellers Association (IBJA) recorded the price of 24-carat gold at ₹10239.

Silver prices followed a similar upward trajectory. At 10:38 AM, 1 kilogram of silver was priced at ₹122631. Silver has fluctuated today between a high of ₹123,000 and a low of ₹120,844. By 11:00 AM, silver prices had increased by ₹2259 per kilogram compared to the previous closing price of ₹120371.

The cheapest gold can be found in Raipur, where 10 grams are priced at ₹123,590. Similarly, Raipur offers the most affordable silver prices. In contrast, Bhopal and Indore are witnessing the highest gold prices, with 10 grams costing ₹105,390. These cities also have the highest silver prices, with 1 kilogram priced at ₹123,960.

The continued surge in gold and silver prices reflects growing investor uncertainty in the global economic climate and increased demand during the upcoming festive season. Analysts are closely monitoring the situation, advising investors to stay informed about market fluctuations.

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