Gold Rate Today, September 8: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities

On September 8, 2026, the gold prices in India were reported to be Rs 15,535 per gram for 24 carat, Rs 14,240 for 22 carat, and Rs 11,651 for 18 carat, according to Good Returns. This marks a decrease of Rs 186, Rs 110, and Rs 90 respectively from the previous day's prices. Rajeev Sharan, Head of Research at Brickwork Ratings, stated that gold prices are expected to remain under pressure in the coming two weeks.

The strength of the rupee, due to healthy FCNR(B) deposit inflows, helps keep local gold prices stable even when global prices are steady. The upcoming US Federal Reserve's rate decision on September 16 is a significant factor influencing the market. Meanwhile, tensions in West Asia have also impacted gold prices. Qatar's Foreign Ministry spokesperson, Mohammed Al-Ansari, warned that reopening the Strait of Hormuz is crucial, as the daily transit of commodity vessels dropped to just 10 over the last 10 days, the lowest since May.

The Yemeni government's counteroffensive against Houthi forces has further escalated regional friction, leading to a breakdown of diplomatic channels and a surge in global energy markets, driving investors towards gold as a safe haven asset.