2 hrs ago
Delhi Gold Prices Fall ₹650 Amid Weak Global Cues
Gold became cheaper in Delhi on Monday.
Its price fell by ₹650 for every 10 grams.
Experts said gold prices were affected by weaker prices in overseas markets.
Strong US jobs data made investors think the Federal Reserve might raise interest rates in September.
Higher interest rates can make gold less attractive to some investors.
People are now waiting for new US inflation reports later this week.
These reports may provide clues about future Federal Reserve decisions.
Silver prices in Delhi did not change, even though international silver prices fell.
Gold prices in Delhi fell ₹650 to ₹1,60,250 per 10 grams on Monday, September 7, 2026.
The 99.9% purity gold had closed at ₹1,60,900 per 10 grams on Friday.
Silver prices stayed unchanged at ₹2,40,500 per kilogram, including taxes.
Stronger-than-expected US jobs data increased expectations of a September Federal Reserve rate hike.
Spot gold fell nearly 1% to USD 4,395.30 per ounce, while international silver declined to USD 65.64 per ounce.
- Who
- Gold and silver traders in Delhi, with commentary from Lemonn and HDFC Securities analysts.
- What
- Gold prices fell ₹650 to ₹1,60,250 per 10 grams, while silver remained at ₹2,40,500 per kilogram.
- Where
- The national capital, Delhi, and international bullion markets.
- When
- Monday, September 7, 2026; the gold price was compared with Friday's closing price.
- Why
- Weaker global bullion trends and stronger-than-expected US jobs data raised expectations of a September Federal Reserve rate hike.
Key facts
- Gold price
- ₹1,60,250 per 10 grams for 99.9% purity gold
- Gold price change
- Down ₹650 from Friday's ₹1,60,900
- Silver price
- ₹2,40,500 per kilogram, including taxes
- International spot gold
- USD 4,395.30 per ounce, down USD 35.03 or nearly 1%
- International silver
- USD 65.64 per ounce, down 1%
- Upcoming data
- US Producer Price Index and Consumer Price Index readings due later in the week
- Market focus
- Expectations for the Federal Reserve's September interest-rate decision
Quotes
Saumil Gandhi
Senior Analyst - Commodities at HDFC Securities
“Gold remained under pressure after stronger-than-expected US jobs data increased expectations of a September Fed rate hike, with markets now awaiting this week's Producer Price Index and Consumer Price Index data for further policy clues”
freepressjournal.in
“Gold fell on Monday, tracking weaker overseas cues, with spot prices hovering around the USD 4,400 level”
freepressjournal.in
Sources
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