Gold and silver prices in India fluctuate amid global geopolitical tensions

Gold and silver prices in India experienced significant volatility on September 8, 2026, driven by geopolitical tensions in the Middle East and fluctuations in the US dollar. While some retail markets saw minor corrections in physical gold prices, the domestic futures market on the Multi Commodity Exchange (MCX) reported surges in gold and silver contracts.

In major Indian cities, 24-karat gold prices fluctuated around the ₹1,53,000 to ₹1,55,000 per 10 grams range. Specific regional reports noted price increases in Chennai and Hyderabad, while other areas like Delhi and Mumbai saw slight dips or stability. Silver prices remained elevated, trading near ₹2,40,000 to ₹2,55,000 per kilogram depending on the location and market.

Analysts attribute these movements to international factors, including tensions between the US and Iran, rising crude oil prices, and expectations regarding US Federal Reserve interest rate policies. Over the past year, gold has seen substantial growth, increasing by approximately 40% in value.