Gold prices today, September 1: Check 24K, 22K gold, 999 silver rates in Delhi, Mumbai, Bengaluru - Livemint

AI desk brief

Gold and silver rebounded sharply in India and overseas, with MCX gold jumping more than 1% to reclaim the ₹1.55 lakh/10g level and MCX silver also firming on fresh buying. In global trade, spot gold was quoted above $4,520/oz and December Comex gold near $4,565.30, indicating the market has quickly reversed the prior session’s dip and is back in momentum mode.

The move is being driven by classic safe-haven demand: escalating Middle East tensions, higher oil prices, and a renewed desire to hedge macro uncertainty ahead of key U.S. labour data later this week. The article says traders are largely shrugging off hawkish Federal Reserve messaging from Chair Kevin Warsh at Jackson Hole, with bullion again attracting “debasement trade” flows as investors look past sticky inflation concerns and focus on broader policy and geopolitical risk.

Near term, the setup remains constructive for XAU and likely supportive for XAG if safe-haven bids persist and U.S. data underpins lower real-rate expectations. The key risk is that any strong labour print or a less-threatening geopolitical backdrop could trigger profit-taking after August’s more than 10% gold gain, but for now the trend, flow backdrop, and macro narrative all point higher.