New Delhi, Sept. 4 -- Gold and silver prices in your city on September 4: The yellow metal prices dropped over 1 per cent during the morning trading hours today following the GST reforms announcement on Wednesday evening, which is expected to increased domestic consumption in the economy, according to experts.

MCX Gold October 3 contracts dipped 1.24 per cent at Rs.1,05,861 per 10 grams around 9:08 am, while MCX Silver December 5 contracts dropped 1.58 per cent at Rs.1,23,881 per kg.

In terms of returns, gold prices have massively risen by 1,200 per cent, up from Rs.7,638 in 2005 to over Rs.1,00,000 in 2025 (till June). In 20 years, the yellow metal has delivered solid returns in 16 years. Year-to-date (YTD), prices have climbed by 31 p...