1 week ago
Indian Gold Rates Rise on September 12 Amid Market Pressure
Gold prices in India were reported at different levels on September 9 and September 12, 2026.
On September 9, 24-carat gold cost Rs 15,289 per gram.
On September 12, 24-carat gold was reported at Rs 15,458 per gram.
The September 12 article said 18-carat gold cost Rs 11,594 per gram.
That article gives two different prices for 22-carat gold, so its figure is unclear.
A market analyst said gold was trying to recover after a sharp fall.
She linked price changes to oil prices, inflation data and tensions involving Iran and the United States.
The earlier report also said international panic had eased briefly, but Middle East tensions continued to cause volatility.
Investors were watching US inflation data before the Federal Reserve meeting.
On September 9, 2026, the reported Indian prices were Rs 15,289 per gram for 24-carat, Rs 14,015 for 22-carat and Rs 11,467 for 18-carat gold.
On September 12, 2026, the reported 24-carat rate was Rs 15,458 per gram and the 18-carat rate was Rs 11,594.
The September 12 article contains a discrepancy for 22-carat gold, listing Rs 14,170 in its opening but Rs 14,015 in the body.
The September 12 report attributes market pressure to oil prices, US inflation data, geopolitical tensions and expectations surrounding the Federal Reserve meeting.
Vedika Narvekar of Anand Rathi said gold was near $4,330 an ounce after a 1.8% fall, while the earlier report cited a brief global decline amid easing panic and continuing Middle East tensions.
- Who
- Gold buyers and sellers in India, Good Returns, and analyst Vedika Narvekar are identified in the reports.
- What
- Indian gold prices were reported for 18-, 22- and 24-carat gold, with differing figures and a discrepancy in the September 12 22-carat price.
- Where
- India, with the headlines referring to Chennai, Mumbai, Delhi, Kolkata and other cities; separate city-by-city rates are not provided.
- When
- The reports are headlined September 11 and September 12, 2026; the September 11 article's text identifies its prices as September 9, 2026.
- Why
- The reports cite global market movements, oil prices, inflation data, international panic and continuing geopolitical tensions as factors affecting precious-metal prices.
Factors Supporting Gold
Factors Pressuring Gold
Market direction
Factors Supporting Gold
The September 12 commentary described gold as attempting a small rebound after a sharp fall.
Factors Pressuring Gold
The analyst said gold was facing pressure from oil prices and inflation concerns, while the report noted a third straight weekly loss.
Geopolitical conditions
Factors Supporting Gold
Continuing geopolitical tensions, including the Iran-US war referenced by the analyst, were identified as factors affecting precious-metals prices.
Factors Pressuring Gold
The reports also said easing international panic briefly contributed to a decline in global gold and silver prices.
Key facts
- September 9 24-carat rate
- Rs 15,289 per gram
- September 9 22-carat rate
- Rs 14,015 per gram
- September 9 18-carat rate
- Rs 11,467 per gram
- September 12 24-carat rate
- Rs 15,458 per gram
- September 12 18-carat rate
- Rs 11,594 per gram
- September 12 22-carat discrepancy
- Rs 14,170 in the opening text, but Rs 14,015 in the article body
- Market commentary
- Gold was described as trading near $4,330 an ounce after a 1.8% fall
Quotes
Vedika Narvekar
Research Analyst- Commodities & Currencies at Anand Rathi Share and Stock Brokers Limited
“The pressure is coming from two sides. First, oil. Brent crude is pushing toward $108 a barrel as the Iran-US war shows no signs of easing. Second, inflation. On September 10, US producer price data came in hot, up 0.4%, the fastest since May, adding to fears that price pressures are becoming sticky. All eyes shifted to US CPI print on September 11. It’s the last big data point before the Fed’s meeting on September 14-15, and markets are already pricing in a 70% chance of a rate hike.”
indianexpress.com
“Gold is trying to steady itself today, trading near $4,330 an ounce. It’s a small bounce, but the metal is still digesting yesterday’s sharp 1.8% fall and heading for its third straight weekly loss.”
indianexpress.com
Sources
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