Commodities
Gold Prices Dip in India Amid Changing Expectations Over US Interest Rates
The gold price in India has been affected by changes in expectations over US interest rates. According to Goodreturns, the 24K gold retail rate was around INR 15,414 to INR 15,430 per gram across various Indian markets on September 9, 2026.
This is slightly lower than previous days and comes after spot gold fell 0.4% to USD 4,410.55 an ounce on Monday due to stronger US jobs data increasing expectations of a possible Federal Reserve rate hike at its September 16 meeting.
The 22K gold rate, which is widely tracked by jewellery buyers, stood at around INR 14,129, INR 14,145 per gram across the listed markets. Prices have been under some pressure due to this easing in international gold prices.