Gold and Silver Prices in India Today, 9 June 2026: 24K Gold Surges ₹1,700 to ₹1,54,700, Silver Steady at ₹2,47,340 After Week-Long Slump

Gold prices in India bounced back on Tuesday, 9 June 2026, snapping an eight-day losing streak. The price of 24-carat gold rose by ₹14,700 per 100 grams, while 22-carat gold gained ₹13,500. Silver prices remained broadly unchanged as investors tracked upcoming US inflation data. Easing tensions between Iran and Israel provided the key trigger for the recovery.

Quick Snapshot

City-Wise Gold and Silver Rates Today in India, 9 June 2026

Prices vary across cities due to state taxes, local duties, and logistics costs. The table below lists indicative rates for ten major Indian cities.

Rates are indicative bullion prices as of 9 June 2026. Jewellery purchases include additional making charges and GST. Chennai typically carries a premium over other cities.

Gold and Silver Prices in India Today, 8 June 2026: 24K Gold at ₹1,53,890, Silver Drops to ₹2,44,050 as Fed Rate Hike Fears Grip Markets

Gold and Silver Prices in India Today, 8 June 2026: 24K gold fell ₹1,870 to ₹1,53,890 per 10g and silver dropped 2.03% to ₹2,44,050 per kg across Indian markets. Check city-wise rates for Delhi, Mumbai, Chennai and more, plus MCX futures data and buying tips.

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Gold Price Analysis Today

24K gold is trading at ₹1,54,700 per 10 grams as of 2:25 PM IST, down just ₹300 or 0.19% from yesterday's close of ₹1,55,000. The day-on-day change is minimal, but the broader context matters, gold had shed roughly ₹5,300 per 10 grams over the past week before today's partial recovery.

This is the first positive session for gold after the yellow metal had fallen by nearly ₹53,500 per 100 grams across the last eight days. Internationally, spot gold was quoted above $4,300 per ounce, supported by easing tension between Iran and Israel. Investors are also keeping a close eye on the next US inflation data, which will shape expectations around further Federal Reserve action.

Compared to one week ago on 2 June 2026, gold is still down 2.95% from ₹1,59,400. Over a one-year horizon, though, the picture is very different, gold has surged 59.03% from ₹97,280 a year ago.

Silver Price Analysis Today

Silver 999 Fine is trading at ₹2,47,340 per kg as of 2:25 PM IST, barely changed from yesterday's ₹2,47,430. The daily movement is negligible at −0.04%, but silver has had a rough week overall. Compared to one week ago, silver is down 7.50% from ₹2,67,390 per kg.

On COMEX, US silver futures are up 0.34% to $68.82 per ounce today, a mild positive signal after Friday's sharp fall below $70. The divergence between a marginally recovering COMEX price and flat domestic rates reflects the lag between international and Indian bullion association rates.

Silver's industrial demand base, particularly from solar panels, EVs, and electronics, makes it more sensitive to global growth signals than gold. With the US inflation print due later this week, silver could see sharper moves in either direction.

MCX Futures Data Today, 9 June 2026

Gold Futures (August 2026 Contract)

Silver Futures (July 2026 Contract)

Key Factors Influencing Gold and Silver Prices Today

• Easing West Asia Tensions: Global signals are also giving support to gold, with spot gold quoted above $4,300 per ounce as tensions between Iran and Israel showed signs of easing. Reduced geopolitical risk typically weakens safe-haven demand, but the broader uncertainty is keeping a floor under prices.
• Upcoming US Inflation Data: Markets are in wait-and-watch mode ahead of the next US CPI print. A softer reading could ease rate hike fears and push gold higher. A strong print could trigger another leg down.
• Strong Dollar Pressure: The US dollar index remains elevated after Friday's jobs report, which keeps gold and silver under pressure for non-dollar buyers. A weaker rupee amplifies this effect for Indian consumers.
• Eight-Day Correction May Be Bottoming: Gold has lost 2.95% over the past week and is still down from ₹1,59,400 recorded on 2 June. Technical traders will watch whether today's bounce holds above key support levels.
• Stable Domestic Demand: With the wedding and festive season approaching in some regions, retail demand remains stable, preventing sharp corrections in Indian bullion prices.

Smart Buying Tips

• Use the dip systematically, not impulsively. Gold is down nearly 3% from last week. Rather than buying a lump sum, spread purchases over several sessions to average the cost.
• Always insist on BIS hallmarking. The six-digit HUID stamped on jewellery confirms government-certified purity. Avoid unverified gold, especially during sales and festivals.
• Watch the US CPI data this week. It is the single biggest near-term trigger. A cooler reading could see gold recover further; a hot print may push prices back down.

FAQs

Why did gold recover today after eight days of losses?

Easing geopolitical tensions between Iran and Israel reduced the immediate fear premium in global markets. This allowed buyers who had stayed on the sidelines to return, pushing prices modestly higher.

Is today a good time to buy silver?

Silver has corrected sharply over the past week. The near-term outlook depends on US inflation data due this week. For long-term investors, the structural demand story from industrial sectors remains strong. Short-term traders should wait for clearer direction.