Archive · 12 Sep 2026
Gold and Silver Prices Fall in Delhi Despite Global Gains
Gold and silver became cheaper in Delhi on Friday.
Gold fell ₹2,700 for every 10 grams.
Silver fell ₹10,000 for every kilogram.
Traders said people were selling after prices had recently risen.
This caused prices in the local market to move down.
However, gold and silver prices in global markets went up that day.
Saumil Gandhi of HDFC Securities said inflation worries and higher interest rates were weighing on gold.
He said gold remained on track for a third weekly decline.
Gold of 99.9% purity fell ₹2,700 to ₹1,55,900 per 10 grams in Delhi.
Silver declined ₹10,000 to ₹2,34,600 per kilogram in the national capital.
Traders attributed the domestic correction to selling pressure after a recent rally.
The local selloff occurred despite spot gold rising 1.15% and silver gaining 2% globally.
HDFC Securities analyst Saumil Gandhi cited inflation concerns, higher Treasury yields and rate-hike expectations as pressures on gold.
- Who
- Local bullion traders and Saumil Gandhi, a senior analyst at HDFC Securities, commented on the price movements.
- What
- Gold fell ₹2,700 to ₹1,55,900 per 10 grams, while silver fell ₹10,000 to ₹2,34,600 per kilogram.
- When
- Friday, September 11, 2026, compared with the previous closes on Thursday.
- Where
- New Delhi, India; global market prices were also referenced.
- Why
- Traders attributed the decline to selling pressure after a recent rally. Inflation concerns, higher Treasury yields and rising rate-hike expectations also weighed on gold.
- Gold price
- ₹1,55,900 per 10 grams, inclusive of all taxes
- Gold daily change
- Down ₹2,700
- Silver price
- ₹2,34,600 per kilogram, inclusive of all taxes
- Silver daily change
- Down ₹10,000
- Previous closes
- Gold: ₹1,58,600 per 10 grams; silver: ₹2,44,600 per kilogram
- Global spot gold
- Up 1.15% to USD 4,366.58 per ounce
- Global silver
- Up 2% to USD 64.77 per ounce
