On October 9, 2026, gold prices saw a notable rise in international markets. International spot gold climbed 1.10% to surpass $4,178 per ounce, while US gold futures jumped 1.04% to $4,200.10 per ounce. Domestically, spot gold prices increased slightly to Rs 1,46,961 per 10 grams, and silver rose to Rs 2,17,564 per kilogram.
MCX gold futures for December 4 delivery remained stable at Rs 1,49,520 per 10 grams, but silver prices dipped 0.84% to Rs 2,21,680 per kilogram. Analyst Jateen Trivedi of LKP Securities noted that gold found support near $4,100 (Rs 1,49,000), but the near-term trend remains weak as long as prices stay below $4,250 on Comex. He expects volatility to persist, with gold prices fluctuating between Rs 1,48,000 and Rs 1,52,500.
The market's focus is shifting to next week’s US Consumer Price Index (CPI) data, which could heavily influence expectations for the Federal Reserve’s interest-rate trajectory. Traders are preparing for the possibility of one more rate hike this year.