On September 7, 2026, gold and silver prices in India displayed mixed trends across the Multi Commodity Exchange (MCX) and retail markets. While MCX gold futures saw a marginal increase, silver futures edged down. Spot rates for both precious metals varied slightly across major Indian cities, reflecting regional market conditions and brand-specific pricing policies.
Current Gold Prices Across India
As of September 7, 2026, 24-carat gold (per 10 grams) was trading at:
- Delhi: ₹1,52,800
- Mumbai: ₹1,53,060
- Bengaluru: ₹1,53,180
- Kolkata: ₹1,52,430
- Hyderabad: ₹1,52,880
- Chennai: ₹1,53,060
For 22-carat gold, often preferred for jewellery due to its durability, the rates (per 10 grams) were:
- Delhi: ₹1,40,067
- Mumbai: ₹1,40,305
- Bengaluru: ₹1,40,415
- Kolkata: ₹1,39,728
- Hyderabad: ₹1,40,140
- Chennai: ₹1,40,305
Silver Rates in Key Indian Cities
Silver prices also showed regional differences on September 7, 2026:
- Delhi: ₹23,633 per 100gm / ₹2,36,330 per kg
- Mumbai: ₹23,674 per 100gm / ₹2,36,740 per kg
- Bengaluru: ₹23,692 per 100gm / ₹2,36,920 per kg
- Kolkata: ₹23,610 per 100gm / ₹2,36,100 per kg
- Hyderabad: ₹23,678 per 100gm / ₹2,36,780 per kg
- Chennai: ₹23,683 per 100gm / ₹2,36,830 per kg
Factors Influencing Gold and Silver Prices
Several critical factors contribute to the daily fluctuations in gold and silver prices across India. These include the prevailing international gold price, the exchange rate of the US Dollar against the Indian Rupee, and domestic demand, which often sees an uptick ahead of the festive season. Marginal differences in retail prices between cities and jewellers are influenced by procurement costs, regional market conditions, and specific brand policies.
MCX Futures Market Update
On the Multi Commodity Exchange (MCX), gold futures were up by 0.03%, trading at ₹1,52,815 per 10 grams. Conversely, silver futures saw a slight decline of 0.07%, reaching approximately ₹2,37,500 per kilogram at the time of reporting.
Leading Jewellers' Rates
Major jewellery retailers reported largely stable gold rates on September 7, 2026:
- Joyalukkas (22K): ₹14,190 per gram
- Malabar Gold & Diamonds (22K): ₹14,190 per gram
- Malabar Gold & Diamonds (24K): ₹15,480 per gram
- Tanishq (22K): ₹14,235 per gram
- Tanishq (24K): ₹15,529 per gram (estimated)
Understanding Gold Purity: 24K vs. 22K
In the Indian retail market, gold is primarily traded in two purities: 24-karat and 22-karat. 24-karat gold is considered the purest form, containing 99.9% gold. 22-karat gold, on the other hand, is an alloy containing 91.6% gold mixed with other metals like copper or silver, making it more durable and suitable for crafting intricate jewellery designs.