Gold Prices Extend Decline to Seventh Consecutive Session

Gold prices continued to decline on September 2, 2026, with the yellow metal extending its losing streak to seven consecutive sessions. The Multi Commodity Exchange (MCX) saw October gold futures fall by Rs 1,559, or 1.03 per cent, to Rs 1,50,170 per 10 grams. December gold futures also declined by Rs 1,753, or 1.14 per cent, to Rs 1,51,540 per 10 grams.

The decline in gold prices comes as rising crude oil prices and concerns over inflation have made investors cautious. Higher energy prices could keep inflation elevated and influence expectations around interest rates, putting pressure on bullion prices. International gold prices have also declined, with Comex gold futures falling for a fourth straight session.

In India, the price of 24K gold in Delhi stood at Rs 1,50,090 per 10 grams, while 22K gold was priced at Rs 1,37,583 per 10 grams. In Mumbai, 24K gold was available at around Rs 1,50,350 per 10 grams, and 22K gold stood at Rs 1,37,821 per 10 grams.