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Business Desk: A fall in the prices of gold and silver is being seen on Monday, 7 September 2026, the first trading day of the week. Gold and Silver are also under pressure in the international market. After a 0.62% fall in the gold rate on Comex on Monday morning, the price came down to $ 4,449 an ounce, while silver was trading at $ 66.54 an ounce.

Even in the domestic market, the price of MCX Gold remained around Rs 1,52,260 per 10 grams. Whereas on Bullions.co.in the price of gold was recorded at Rs 1,53,340 per 10 grams. However, how big an opportunity this fall in prices is for investors and buyers will depend on the further trend of the market.

Latest rates of gold and silver from Comex to MCX

At 7:10 am on Monday, the price of gold on Comex fell 0.62% to $ 4,449 an ounce. Gold opened today at $ 4,481.30 an ounce. Whereas the price of silver was $66.54 per ounce. Earlier on Friday, the last trading day of the week, gold had closed at $ 4,477.20 an ounce and silver at $ 66.82 an ounce.

On Monday, the price of gold on the domestic market i.e. MCX opened with a decline of 0.33% at Rs 1,52,260 per 10 grams. Whereas the price of silver was Rs 2,36,680 per kg. On the last trading day, MCX Gold had closed at Rs 1,52,815 per 10 grams, while Silver had closed at Rs 2,36,651 per kg.

Rate of 24, 22 and 18 carat gold on IBJA

According to Indian Bullion Jewelers Association i.e. IBJA, the price of 24 carat gold is Rs 15,488 per gram, the price of 22 carat gold is Rs 15,117 per gram and the price of 18 carat gold is Rs 13,785 per gram. Jewelery prices may vary in different cities due to local taxes, making charges and other costs.

Gold price today in major cities of India

According to the city-wise rates given on September 7, 24 carat gold in Chennai is Rs 15,666, 22 carat Rs 14,360 and 18 carat Rs 12,130 per gram. In Mumbai, 24 carat is Rs 15,479, 22 carat is Rs 14,189 and 18 carat is Rs 11,609 per gram. In Delhi, 24 carat gold is Rs 15,494, 22 carat Rs 14,204 and 18 carat Rs 11,624 per gram.

In Kolkata, 24 carat gold is Rs 15,479, 22 carat Rs 14,189 and 18 carat Rs 11,609 per gram. In Vadodara and Ahmedabad, 24 carat gold is Rs 15,484, 22 carat Rs 14,194 and 18 carat Rs 11,614 per gram. In Hyderabad, 24 carat gold is Rs 15,479, 22 carat Rs 14,189 and 18 carat Rs 11,609 per gram. These rates are based on data provided by Goodreturns.

What is the price of silver today?

Talking about silver, its price in Chennai and Hyderabad is Rs 2,54,800 per kg. Whereas in Mumbai, Delhi, Kolkata, Vadodara and Ahmedabad, silver is at the level of Rs 2,49,900 per kg. These city-wise rates are also according to the data of Goodreturns.

Why the fall in gold and silver prices?

At present many global factors are working behind the fluctuations in the prices of gold and silver. Tension in West Asia and rising crude oil prices have increased uncertainty in the commodity market.

Apart from this, investors are keeping an eye on the upcoming meeting of the US Federal Reserve. There is a possibility of inflation increasing due to expensive crude oil, which is affecting market expectations regarding US interest rates. Its effect is also visible on the prices of precious metals like gold and silver.

Is this the right opportunity to invest in gold and silver?

Looking at the current fall in gold and silver, it would not be right to consider this as a sure opportunity to buy immediately. Prices may continue to fluctuate further. However, many market experts believe that the demand for gold may remain strong in the long term.

Some big market experts including Goldman Sachs have also expressed the possibility of long-term rise in gold prices. In such a situation, the investment decision should be taken keeping in mind the current price as well as your goal, risk and investment period.

Who will the market keep an eye on next?

Expectations of US interest rates, movement of the dollar, crude oil prices, tensions in West Asia and global economic conditions may play an important role in deciding the direction of Gold-Silver Prices in the coming days. Therefore, amid the fall in gold and silver prices, it is important to keep an eye on the next move of the market.

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