India gold price jumps to Rs 1,040 per 10 g amid market shifts

On 9 June 2026, the price of 22‑carat jewelry gold in Chennai rose to Rs 1,040 per 10 g (Rs 1,13,600 per pound). The increase follows several days of declining prices, a recent customs‑duty hike from 6 % to 15 % announced in May, and broader factors such as Middle‑East tensions, oil prices, and the USD‑INR exchange rate.

Recent daily price moves in June were: Rs 1,040 (1 Jun), Rs 160 (4 Jun), Rs 400 (5 Jun), Rs 1,840 (6 Jun), and Rs 1,040 (8 Jun). Silver prices remained unchanged at Rs 270 per gram (Rs 2.70 lakh per kilogram).