On September 8, 2026, gold and silver futures experienced a slight downturn on the Multi Commodity Exchange (MCX). Gold futures were down by 0.01% to ₹1,52,750 per 10 grams, while silver futures also saw a 0.01% decrease, trading at approximately ₹2,38,996 per kilogram.
Despite the marginal dip in futures, retail gold and silver prices across India's major cities held largely stable for 24-carat, 22-carat, and 18-carat purities. The overall gold price stood at ₹1,54,140 per 10 grams, and silver was priced at ₹2,49,900 per kilogram in the retail market.
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: Considered the purest form, 24K gold is 99.9% pure.
- 22-Karat Gold: This purity is widely preferred for crafting jewellery. It contains about 91.6% gold, with the remaining percentage being alloyed metals like copper or silver, which enhance its strength and durability.
Factors Influencing Precious Metal Prices
Several factors contribute to the fluctuation of gold and silver prices in India. These include global gold prices, the exchange rate of the US Dollar against the Indian Rupee, and domestic demand, which often sees a surge during India's festive seasons.
Today's Retail Gold Rates (September 8, 2026)
- Delhi: 24K - ₹1,54,290 per 10gm | 22K - ₹1,41,440 per 10gm
- Mumbai: 24K - ₹1,54,140 per 10gm | 22K - ₹1,41,290 per 10gm
- Bengaluru: 24K - ₹1,54,140 per 10gm | 22K - ₹1,41,290 per 10gm
- Kolkata: 24K - ₹1,54,140 per 10gm | 22K - ₹1,41,290 per 10gm
- Hyderabad: 24K - ₹1,54,140 per 10gm | 22K - ₹1,41,290 per 10gm
- Chennai: 24K - ₹1,54,140 per 10gm | 22K - ₹1,41,290 per 10gm
Today's Retail Silver Rates (September 8, 2026)
- Delhi: ₹24,990 per 100gm | ₹2,49,900 per kg
- Mumbai: ₹24,990 per 100gm | ₹2,49,900 per kg
- Bengaluru: ₹24,990 per 100gm | ₹2,49,900 per kg
- Kolkata: ₹24,990 per 100gm | ₹2,49,900 per kg
- Hyderabad: ₹25,490 per 100gm | ₹2,54,900 per kg
- Chennai: ₹25,490 per 100gm | ₹2,54,900 per kg
Jeweller-Specific Rates
Leading jewellers also reported largely stable prices on September 7, 2026 (the day prior to current report). Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹14,130 per gram, while Tanishq's 22K rate was ₹14,175 per gram. For 24-carat gold, Malabar's rate was ₹15,415 per gram, and Tanishq's was ₹15,464 per gram. Minor variations in retail prices are typically due to brand-specific policies and regional market dynamics.