Gold drops ₹1,000 to ₹1.06 lakh/10 gram on profit booking, global jitters

Gold prices retreated from record highs by plunging ₹1,000 to ₹1,06,070 per 10 grams in the national capital on Thursday (September 4, 2025), as traders booked profits in tandem with a weak trend in global markets.

The precious metal of 99.9% purity had settled at ₹1,07,070 per 10 grams, its all-time high level on Wednesday (September 3, 2025).

Gold of 99.5% purity also witnessed a pullback, depreciating ₹1,000 to ₹1,05,200 per 10 grams (inclusive of all taxes). It had closed at ₹1,06,200 per 10 grams in the previous market session, according to the All India Sarafa Association.

Silver too slipped from its record levels as investors booked profits at higher levels. The white metal fell ₹500 to ₹1,25,600 per kilogram (inclusive of all taxes). In the previous session, it had ended at its lifetime high of ₹1,26,100 per kg.

In the overseas market, spot gold prices also corrected after scaling historic highs. The precious metal dropped $39.61, or 1.10%, to $3,539.14 per ounce. It had touched an all-time high of $3,578.80 per ounce in New York the previous day.

Despite Thursday's decline, commodities market experts noted that bullion prices continue to trade at elevated levels amid geopolitical tensions, expectations of interest rate cuts by the US Federal Reserve, and festive demand prospects in India.

"Gold and silver continued to be supported by these additional uncertainties, which also included anxieties about debt and the independence of the Federal Reserve," Renisha Chainani, Head - Research at Augmont, said.