Gold and silver prices increased on October 9, 2026, with gold reaching ₹1,51,080 per 10 grams and silver at ₹2,24,140 per kilogram. This rise comes ahead of the festive season, influenced by strong investment demand and market conditions.
- Gold price rose by ₹1,170 (0.78%) to ₹1,51,080 per 10 grams.
- Silver price increased by ₹2,670 (1.21%) to ₹2,24,140 per kg.
- International spot gold and silver prices also gained, rising 1.1% and 1.4% respectively.
- Strong exchange-traded fund (ETF) buying supported gold despite recent price corrections.
- Consumers are advised to compare prices and check purity and making charges before purchasing jewellery.
What are the latest gold and silver prices in India?
As of October 9, 2026, 24-carat gold was priced at ₹1,51,080 per 10 grams according to Bullions.co.in. Silver 999 fine was quoted at ₹2,24,140 per kilogram. These rates are indicative bullion prices and may vary based on location, jeweller, making charges, and taxes.
Major jewellery chains like Tanishq, Malabar Gold, Joyalukkas, and Kalyan Jewellers may have different retail prices. For example, gold prices in New Delhi rose to ₹1,52,500 per 10 grams inclusive of taxes, as reported by the All India Sarafa Association.
Why did gold and silver prices rise on October 9?
The increase in precious metal prices was supported by a weaker US dollar, easing US Treasury yields, and a decline in crude oil prices. These factors helped gold and silver recover after recent losses. Additionally, strong ETF buying indicated sustained investment demand despite price corrections.
The World Gold Council reported that global gold ETFs attracted $10 billion in inflows during September 2026, equivalent to 67 tonnes. Indian gold ETFs recorded inflows of $496 million (3.1 tonnes), showing continued investor interest.
How do international market trends affect Indian gold and silver prices?
International spot gold rose 1.1% to $4,177.44 an ounce, and spot silver gained 1.4% to $60.16 an ounce on October 9. These global price movements influence domestic rates, but local factors such as taxes, making charges, and currency fluctuations also impact final prices.
What should consumers consider before buying gold and silver jewellery?
Consumers should compare prices across different jewellery chains and local retailers. It is important to verify the purity of gold and silver, understand making charges, and check applicable taxes to avoid surprises in the final bill.
Since bullion prices and retail rates may use different benchmarks, buyers should confirm the current rate with their local jeweller. This is especially important during the festive season when demand and prices can fluctuate.
Frequently Asked Questions
Q: Are the gold and silver prices the same across all cities?
A: No, prices can vary by city due to local market conditions, taxes, and jeweller policies. The rates mentioned are indicative national bullion prices.
Q: What influences the price of gold and silver?
A: Factors include international market trends, US dollar strength, Treasury yields, crude oil prices, and investment demand such as ETF inflows.
Q: Should I rely on online bullion rates for buying jewellery?
A: Online bullion rates provide a reference, but final jewellery prices depend on purity, making charges, taxes, and retailer pricing. Always check with your jeweller before purchasing.
