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Gold, Silver Prices Rise On MCX: Check Bullion Rates In Your City Today, September 5

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Gold, Silver Prices Rise On MCX: Check Bullion Rates In Your City Today, September 5


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In Mumbai, the price of 24-carat gold stands at Rs 1,06,850 per 10 grams, while 22k gold is available at Rs 97,940 per 10 grams.

Gold Prices Today, September 5.

Gold Prices Today, September 5.

Gold & Silver Prices Today, September 5: Gold declined on Friday, supported by persistent weakness in the US labour market, which has strengthened expectations of a Federal Reserve rate cut this month. The price of gold rose 0.36% to trade at Rs 1,06,799 per 10 grams, while silver jumped by 0.36% to Rs 1,24,659 per kg in the futures market on the MCX in the early trade.

In Mumbai, the price of 24-carat gold stood at Rs 1,06,850 per 10 grams, while 22k gold was available at Rs 97,940 per 10 grams. Silver was available at Rs 1,26,900 per kg. The prices do not include GST and making charges.

Darshan Desai, CEO of Aspect Bullion & Refinery, said, “Gold prices remain near record highs, supported by persistent weakness in the US labour market, which has strengthened expectations of a Federal Reserve rate cut on September 17, a move that would favour the precious metal. While technical indicators suggest gold may be entering overbought territory after its recent rally, prices are still finding strong support at lower levels.”

This resilience is driven by concerns over the Fed’s independence, a weakening US dollar, and uncertainty surrounding Donald Trump’s tariff policies. All eyes are now on today’s non-farm payrolls data, which is expected to play a crucial role in shaping gold’s short-term direction, he added

Non-yielding gold typically performs well in a low-interest-rate environment.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On September 5?

City 22K Gold (per 10gm) 24K Gold (per 10gm)
Delhi Rs 98,090 Rs 1,07,000
Jaipur Rs 98,090 Rs 1,07,000
Ahmedabad Rs 97,990 Rs 1,06,900
Patna Rs 97,990 Rs 1,06,900
Mumbai Rs 97,940 Rs 1,06,850
Hyderabad Rs 97,940 Rs 1,06,850
Chennai Rs 97,940 Rs 1,06,850
Bengaluru Rs 97,940 Rs 1,06,850
Kolkata Rs 97,940 Rs 1,06,850

What Factors Affect Gold Prices In India?

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.

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Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

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Warburg to list housing finance company purchased from Shriram – The Times of India

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Warburg to list housing finance company purchased from Shriram – The Times of India


Mumbai: Warburg Pincus-backed housing finance company Truhome Finance ( formerly Shriram Housing) has filed draft papers with capital markets regulator SEBI to raise Rs 3,000 crore through an initial public offering.The IPO will comprise a fresh issue of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore and an offer for sale of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore, according to the draft red herring prospectus filed with SEBI. The offer for sale will be undertaken by promoter selling shareholder Mango Crest Investment, which plans to offload shares worth up to Rs 1,500 crore.Truhome Finance plans to use the net proceeds from the fresh issue to augment its capital base to support future capital requirements, including onward lending and general corporate purposes. The funds will also help the company comply with RBI’s capital adequacy norms as its business expands.The company said the proceeds are expected to be deployed over the financial years ending March 31, 2027 and March 31, 2028.JM Financial, IIFL Capital Services, Jefferies India and Kotak Mahindra Capital Company are the book running lead managers to the issue.Warburg Pincus completed its acquisition of Shriram Housing Finance (SHFL) from Shriram Finance and other sellers in December 2024 for approximately Rs 4,630 crore, marking a strategic shift in India’s housing finance sector.



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Ticketmaster parent Live Nation reaches settlement with Department of Justice over antitrust concerns

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Ticketmaster parent Live Nation reaches settlement with Department of Justice over antitrust concerns


Signs are seen at the Live Nation NYC headquarters on May 23, 2024 in New York City. 

Michael M. Santiago | Getty Images

Live Nation Entertainment has reached a settlement with the Department of Justice over antitrust concerns surrounding its Ticketmaster platform, a senior DOJ official said Monday.

The settlement would see Ticketmaster unwind some of its exclusivity agreements with musical artists and open up the ticketing industry to greater competition. It still needs approval by more than 20 states that had filed suit and by the court.

As part of the settlement, Ticketmaster will offer a standalone third-party ticketing system for other companies like SeatGeek to use its technology. Live Nation has also agreed to divest at least 13 of its amphitheaters and will no longer be able to require artists to use other Live Nation products tied to its venues. It has also agreed to pay roughly $280 million in civil penalties.

Shares of Live Nation rose 5% in morning trading. Live Nation and Ticketmaster did not immediately respond to requests for comment.

Ticketmaster has long faced criticism that its dominance in the live events and ticketing space pushes up prices for consumers. The company has come under heightened scrutiny in recent years from fans who argue that it’s become harder and pricier to snag coveted event tickets.

In 2022, the backlash boiled over when the rollout of tickets for Taylor Swift’s Eras Tour was mishandled, leading to a probe of the company. And in 2024, the DOJ — along with more than two dozen states — sued to break up Live Nation and Ticketmaster, which merged in 2010.

In September, Live Nation was separately sued by the Federal Trade Commission over what the agency called “illegal” ticket resale tactics. The FTC said Ticketmaster controls roughly 80% of major concert venues’ ticketing.

In a Monday statement, New York Attorney General Letitia James said her office would continue to fight against Live Nation’s alleged monopoly even after its agreement with the DOJ.

“The settlement recently announced with the U.S. Department of Justice fails to address the monopoly at the center of this case, and would benefit Live Nation at the expense of consumers. We cannot agree to it,” said James, who is joined by the attorneys general of more than 20 other states.

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How the Iran war may affect your bills and finances

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How the Iran war may affect your bills and finances



The conflict in the Middle East could raise the cost of petrol, household energy bills and even food.



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