Gold Price Falls ₹650 Per 10 Grams In Delhi To ₹1,60,250 Amid Weak Global Cues
New Delhi, September 7, 2026: Gold prices began the week on a muted note, falling Rs 650 to Rs 1,60,250 per 10 grams in the national capital on Monday as a bearish global trend weighed on domestic sentiment. The yellow metal of 99.9 per cent purity had ended at Rs 1,60,900 per 10 grams on Friday. Silver Prices Remain Unchanged However, silver remained unchanged at Rs 2,40,500 per kilogram…
New Delhi, September 7, 2026: Gold prices in the national capital began the week on a subdued note, slipping by ₹650 to reach ₹1,60,250 per 10 grams on Monday due to a bearish global trend. This came after the metal had ended at ₹1,60,900 per 10 grams on Friday. Meanwhile, silver prices remained steady at ₹2,40,500 per kilogram (including all taxes) for the second consecutive day, as per local traders.
Gaurav Garg, Head of Research at brokerage platform Lemonn, explained that gold's downward pressure stemmed from stronger-than-anticipated US jobs data, which heightened expectations of a September Federal Reserve rate hike. As markets now anticipate the Producer Price Index and Consumer Price Index data this week for additional policy hints, the focus has shifted to these key US inflation readings due later in the week.
These readings could provide fresh indications on the Federal Reserve's interest-rate path and its implications for the gold outlook.
According to Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, gold's decline on Monday mirrored weaker overseas cues, with spot prices hovering near the USD 4,400 mark.
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