New Delhi, India
Gold and silver prices came under pressure on September 2, 2026, with both precious metals declining in domestic as well as international markets. MCX gold was trading around the ₹1.50 lakh-per-10-gram level, while silver fell below ₹2.30 lakh per kilogram in early trading.
If you are planning to buy gold or silver today, it is important to check the latest market rates before making a purchase.
Highlights
- Gold and silver prices declined in international markets.
- MCX gold fell to around ₹1.51 lakh per 10 grams in early trading.
- MCX silver declined to around ₹2.29 lakh per kilogram.
- Gold prices remained under pressure amid a stronger dollar, higher US Treasury yields and geopolitical tensions.
Gold and Silver Weaken in International Markets
Gold prices declined in international markets on Wednesday. Reuters reported that spot gold fell around 0.6% to $4,304.01 per ounce, while US gold futures for December delivery declined about 1% to $4,350.80. Silver also fell around 1% to approximately $63.60 per ounce.
The pressure on precious metals has increased amid rising oil prices, higher bond yields and renewed expectations of tighter US monetary policy. A stronger dollar has also reduced the appeal of gold for investors holding other currencies.
MCX Gold and Silver Prices
Domestic futures markets also witnessed weakness.
According to available MCX data, gold was trading around ₹1,51,629 per 10 grams, down ₹2,831, or about 1.83%, in early trading. The day’s trading range was approximately ₹1,51,401 to ₹1,54,783.
Silver futures were trading around ₹2,29,400 per kilogram, down ₹4,441, or about 1.9%. The day’s range was approximately ₹2,28,766 to ₹2,35,800.
Another market update showed MCX gold at around ₹1,50,027 per 10 grams and silver at approximately ₹2,26,694 per kilogram, highlighting that prices were moving rapidly during the trading session.
Why Are Gold and Silver Falling?
Several factors are weighing on precious metals.
One major factor is the rise in US Treasury yields, which increases the opportunity cost of holding non-yielding assets such as gold. At the same time, the US dollar has strengthened.
Geopolitical tensions and rising crude oil prices have also increased concerns about inflation. Markets are consequently reassessing the outlook for US interest rates, adding further pressure on gold and silver.
Retail Gold Prices Can Differ
The price paid by consumers for physical gold can differ from MCX futures prices. Retail rates depend on factors such as purity, local market conditions, GST, making charges and the jeweller’s premium.
Therefore, before purchasing jewellery, buyers should confirm the prevailing 24-carat and 22-carat rates with their local jeweller and check the applicable making charges and taxes.
Gold and silver prices can change several times during the trading day in response to movements in international markets, the dollar, crude oil, interest-rate expectations and domestic demand. Therefore, the latest rate should be checked immediately before making a purchase.
