Gold and Silver Prices Surge on Weaker Dollar and Lower Yields

The precious metals market saw a positive start to September on September 3, 2026, with both gold and silver recording gains in domestic trading.

The latest bullion-market movement reflects changing investor sentiment, a softer US dollar, and easing Treasury yields. Traders are closely watching upcoming US employment data, which could influence expectations for the Federal Reserve's next interest-rate decision.

The price of gold rose to ₹1,54,630 per 10 grams, up ₹1,610 or 1.05% from the previous level. Silver also gained, with a price of ₹2,38,340 per kilogram, an increase of ₹2,320 or 0.98%.

The US dollar's weakening and lower Treasury yields are creating supportive conditions for precious metals. The Federal Reserve's next policy decision will likely be influenced by the upcoming US employment data, with strong figures potentially leading to tighter monetary policy.