[REVISION HISTORY]

India & global gold/silver market volatility – Sept 2026

Updated 26 times since CLSTR started tracking revisions of this situation.

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2026-09-10 03:25 UTC → 2026-09-11 03:14 UTC · added ~~removed~~

In early September 2026, the Indian and global gold and silver markets entered a period of intense volatility. Following sharp declines on September 2, where gold hit a three-week low, prices began to fluctuate due to shifting US interest rate expectations, US Treasury yields, and Middle East tensions affecting crude oil prices. Globally, gold prices saw a substantial drop from a 2026 record high of approximately $5,589 per ounce to levels around $4,300 per ounce. However, by early September, international prices showed signs of rebounding, with spot gold observed between $4,465 and $4,516 per ounce. In India, markets experienced significant regional divergence. By September 8, 24K gold was priced at approximately ₹1,53,290 per 10 grams. While the domestic futures market on the Multi Commodity Exchange (MCX) reported surges, retail markets saw fluctuations driven by geopolitical tensions between the US and Iran and potential oil supply disruptions in the Strait of Hormuz. ~~On September 9, prices in major cities declined. In Chennai, gold decreased by ₹1,000 per sovereign to ₹14,145 per gram, while in Hyderabad, 24-carat gold dropped to ₹1,54,310 per 10 grams.~~ By September 10, 24K gold prices ranged from approximately ₹1,52,740 in Delhi to ₹1,53,450 in ~~Chennai. Silver~~ Chennai, while 22K gold prices ~~remained unstable, trading~~ were between ~~₹2,37,840~~ ₹1,40,012 and ~~₹2,55,000~~ ₹1,40,663 per ~~kilogram depending~~ 10 grams. Silver rates across cities like Delhi, Mumbai, and Bengaluru varied from ₹2,37,840 to ₹2,38,940 per kilogram. Market trends on September 9 indicated a decline in precious metal prices due to a strengthening US Dollar Index and international tensions. On the ~~location~~ MCX, 24K gold was recorded at ₹1,52,497 per 10 grams, and ~~market conditions.~~ silver at ₹2,39,429 per kilogram.

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