Gold prices remained near $4,456 an ounce as markets tracked the Fed’s September decision, crude oil prices and rising US-Iran tensions. Check today’s 24K, 22K and silver rates across major Indian cities.
Gold prices remained near $4,456 per ounce in international markets on September 10, while domestic prices were influenced by expectations around the US Federal Reserve’s upcoming rate decision, crude oil prices and rising geopolitical tensions.
Gold and silver prices today
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Comex gold futures were down 0.10% at around $4,456 per ounce during morning trade. Comex silver declined 1.04% to $67.93 per ounce.
On the domestic market, MCX gold futures for the October contract closed Wednesday 0.03% lower at ₹1,53,721 per 10 grams. MCX silver, however, gained 2.04% to ₹2,44,300 per kilogram.
Domestic spot gold closed at ₹1,52,764 per 10 grams, while spot silver stood at ₹2,35,040 per kilogram.
Crude oil prices crossing $100 a barrel have also emerged as an important factor for markets. The rupee was quoted at ₹95.08 against the US dollar on a provisional basis, amid selling pressure and heightened US-Iran tensions.
Gold rates in Kerala
On September 10, the reported gold rates in Kerala were:
- 24K gold: ₹15,430 per gram or ₹1,54,300 per 10 grams
- 22K gold: ₹14,144 per gram or ₹1,41,440 per 10 grams
- 18K gold: ₹11,572 per gram or ₹1,15,720 per 10 grams
- 1 sovereign/pavan (8 grams): ₹1,13,152
Silver rates in Kerala
1 gram: ₹254.90
10 grams: ₹2,549
1 kilogram: ₹2,54,900
Gold and silver rates across major cities
| City | 24K gold (10g) | 22K gold (10g) | Silver (1kg) |
|---|---|---|---|
| Kerala | ₹1,54,300 | ₹1,41,440 | ₹2,54,900 |
| Mumbai | ₹1,54,100 | ₹1,41,176 | ₹2,44,020 |
| Delhi | ₹1,53,800 | ₹1,40,928 | ₹2,44,000 |
| Chennai | ₹1,54,500 | ₹1,41,579 | ₹2,54,900 |
| Bengaluru | ₹1,54,200 | ₹1,41,286 | ₹2,44,020 |
What is driving gold prices?
Market attention is increasingly focused on the US Federal Reserve’s September policy decision. Expectations around interest rates can influence gold because changes in US yields and the dollar can affect demand for the precious metal.
Geopolitical developments are another important factor. Escalating tensions in the Middle East, including the worsening US-Iran situation, have added uncertainty to global markets.
Crude oil prices have also crossed the $100-per-barrel level, adding another factor for investors to monitor.
What investors should watch
The Federal Reserve’s upcoming policy decision remains a key near-term trigger for gold and silver. Investors will also be watching movements in the US dollar, crude oil prices, geopolitical tensions and domestic currency movements.
Gold and silver rates can vary between cities and sellers, while jewellery prices may also include making charges, taxes and other applicable costs. Buyers should therefore check the final price with the jeweller before making a purchase.
Analysis
The September 10 price movement reflects the competing forces currently affecting precious metals. Gold is being supported by geopolitical uncertainty, while expectations surrounding US monetary policy and movements in the dollar can create pressure on prices.
Silver has shown stronger domestic movement than gold in recent trading, although international silver prices declined during morning trade. The divergence highlights the importance of distinguishing between international prices, domestic futures and local retail rates.
With crude oil above $100 a barrel and US-Iran tensions adding uncertainty, further changes in currency and commodity markets could influence domestic gold and silver prices in the coming sessions.
(Disclaimer: Gold and silver prices can change during the day and vary by location and seller. Jewellery prices may differ because of making charges, taxes and other costs. The information is for general information purposes and should not be treated as investment advice.)
Published: 10 Sept 2026, 09:34 am IST
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