Gold Prices Rebound in India Amid US-Iran Tensions and Pre-Fed Positioning
Gold prices in India rebounded on September 10, 2026, after two days of weakness. The 24-karat gold rate at the standard retail benchmark covering Mumbai, Chennai, Bangalore, Kolkata, and most of South India climbed ₹64 to ₹15,430 per gram.
The recovery tracks gains in international spot gold, which crossed $4,430 per troy ounce in Asian trading on Wednesday. Safe-haven buying picked up due to US-Iran tensions and traders squared positions ahead of the Federal Reserve's rate decision on September 16.
The India Bullion and Jewellers Association's indicative morning rate for 24-karat gold came in at ₹15,403 per gram, which is ₹27 below the retail benchmark. This gap reflects state-specific levies applied at the retail level across different regions.