Gold prices fell Rs 100 to Rs 1,58,000 per 10 grams in Delhi on Wednesday, marking a third straight session of decline. Silver, however, jumped Rs 2,300 to Rs 2,43,400 per kg. Analysts attributed gold's cautious trend to subdued demand and uncertainty ahead of key US inflation data.

Silver prices strengthened sharply in Delhi even as gold continued its three-session decline | AI Generated Representational Image

New Delhi, September 9, 2026: Declining for the third straight session, Gold prices fell Rs 100 to Rs 1,58,000 per 10 grams in the national capital on Wednesday amid subdued demand in local markets.

The yellow metal of 99.9 per cent purity had closed at Rs 1,58,100 per 10 grams in the previous session.

However, silver bucked the trend and extended its gains for the second straight session, surging by Rs 2,300 to Rs 2,43,400 per kilogram (inclusive of all taxes) from Tuesday's closing level of Rs 2,41,100 per kg, according to the All India Sarafa Association.

Gold Trading In Narrow Range

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"Gold has remained within a narrow range as investors take a cautious approach ahead of important US inflation data set to be released later this week," Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

He added that rising crude oil prices have revived concerns over persistent inflation amid escalating tensions in West Asia.

"Higher energy costs could add to inflationary pressures and reinforce expectations that interest rates may remain elevated, limiting the upside in bullion," Gandhi said.

Global Bullion Prices

In global markets, spot gold gained USD 43.67, or 1 per cent, to USD 4,399.22 per ounce, while silver rose nearly 1 per cent to USD 66.25 per ounce.

Spot gold recovered after recent losses as traders awaited US Treasury Secretary Scott Bessent's announcement on the long-term debt buyback programme, Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said.

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Manav Modi, Commodities Analyst at Motilal Oswal Financial Services Ltd, said, "Market attention now shifts firmly to US PPI and CPI data later this week, which will be crucial in determining whether inflationary pressures justify a September Fed hike".

(Disclaimer: Except for the headline, this article has not been edited by 's editorial team and is auto-generated from an agency feed.)

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