What is the price of gold and silver today? Check the rates
A decline in gold and silver prices has been recorded today; the rates for both metals have fallen. In contrast, gold prices had risen by ₹190 in futures trading yesterday (Wednesday).
Gold prices are seeing a drop today, September 10 (Wednesday). According to a GoodReturns report, the price of 24-carat gold today is ₹1,54,300 per 10 grams, marking a marginal decrease of ₹10 compared to yesterday. Similarly, the price of 22-carat gold has fallen by ₹10 to stand at ₹1,41,440. The price of 18-carat gold is ₹1,15,720 per 10 grams today, having also dropped by ₹10.
Why did gold prices fall today?
| City | 24-Carat Gold Price (Per Gram) | 18-Carat Gold Price (Per Gram) |
|---|---|---|
| Delhi | ₹15,445 | ₹14,159 |
| Mumbai | ₹15,430 | ₹14,144 |
| Bengaluru | ₹15,430 | ₹14,144 |
| Chennai | ₹15,430 | ₹14,144 |
| Kolkata | ₹15,430 | ₹14,144 |
| Pune | ₹15,430 | ₹14,144 |
| Jaipur | ₹15,556 | ₹14,270 |
| Lucknow | ₹15,556 | ₹14,270 |
| Patna | ₹15,556 | ₹14,260 |
Gold prices are declining due to profit-booking and increased selling in the international market. Global investors are currently very cautious as they await the US Federal Reserve's decision on interest rates. Due to uncertainty regarding potential changes in interest rates, traders are withdrawing funds from gold and silver to seek safer alternatives. Notably, the next US Federal Reserve meeting is scheduled for September 15 and 16, 2026.
The strengthening of the Dollar Index is also a major reason for the drop in gold prices today. Whenever the US dollar strengthens, gold and silver prices in the global market come under pressure. A stronger dollar makes purchasing these metals more expensive for holders of other currencies, leading to a temporary dip in demand. Furthermore, when the dollar strengthens, investors tend to withdraw money from gold. Since gold is a non-yielding asset—meaning it does not generate fixed interest or dividends like bank FDs or government bonds—people often sell it to withdraw their funds amidst the possibility of rising interest rates.
What is the price of silver today?
Today, the price of silver in India stands at ₹249.90 per gram and ₹2,49,900 per kilogram. There has been a drop of ₹0.10 per gram, resulting in a decrease of ₹100 in the price of one kilogram. In major cities such as Delhi, Mumbai, Kolkata, Bengaluru, Pune, Vadodara, and Ahmedabad, the price of silver is ₹2,499 per 10 grams today. Meanwhile, the price is slightly higher in Chennai at ₹2,549.
