Drop in Gold Rate Today in India Continue for Second Straight Day, Silver Prices Steady on 9 May, 2026

Gold prices in India continued their downward trend for the second consecutive day on Saturday, May 9, 2026, as easing concerns over an immediate escalation in tensions between the United States and Iran led to some profit booking in bullion. The decline follows a sharp rally earlier this week, and over the past two trading sessions, 24 Karat (24K) gold has fallen by a cumulative Rs 6,500 per 100 grams.

Silver prices, however, remained unchanged after surging by Rs 10,000 per kilogram in the previous session. The white metal was steady at Rs 2,75,000 per kg on Saturday.

The movement in precious metal prices has been closely linked to geopolitical developments in the Middle East. Gold and silver had rallied strongly on safe-haven demand amid concerns over fresh instability in the region and the strategic Strait of Hormuz.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 9 May 2026

The price of 24K gold declined by Rs 33 per gram to Rs 15,235, compared with Rs 15,268 in the previous session. At the current rate, 8 grams of 24K gold cost Rs 1,21,880, down Rs 264 from Rs 1,22,144. The widely tracked 10-gram rate fell by Rs 330 to Rs 1,52,350 from Rs 1,52,680. On a bulk basis, 100 grams of 24K gold are priced at Rs 15,23,500, which is Rs 3,300 lower than Friday's level of Rs 15,26,800.

The price of 22K gold also slipped by Rs 30 per gram to Rs 13,965 from Rs 13,995. At this rate, 8 grams of 22K gold are valued at Rs 1,11,720, compared with Rs 1,11,960 a day earlier. Ten grams are priced at Rs 1,39,650, reflecting a decline of Rs 300 from Rs 1,39,950. The price of 100 grams of 22K gold fell by Rs 3,000 to Rs 13,96,500 from Rs 13,99,500.

The price of 18K gold declined by Rs 25 per gram to Rs 11,426 from Rs 11,451. Eight grams of 18K gold now cost Rs 91,408, down Rs 200 from Rs 91,608. The price of 10 grams fell by Rs 250 to Rs 1,14,260 from Rs 1,14,510. Meanwhile, 100 grams of 18K gold are available at Rs 11,42,600, which is Rs 2,500 lower than the previous day's rate of Rs 11,45,100.

Silver Rate Today: Check Latest Silver Prices on May 9, 2026

Silver prices remained flat across all denominations. One gram of silver was unchanged at Rs 275, while 8 grams held steady at Rs 2,200. Ten grams were priced at Rs 2,750 and 100 grams at Rs 27,500. The benchmark one-kilogram silver rate was unchanged at Rs 2,75,000.

"Gold prices pared some gains after a sharp rally in the previous session, as the U.S. dollar rebounded amid fading optimism over an immediate U.S.-Iran peace agreement following mixed signals from Tehran. Bullion had surged more than 3% yesterday-its strongest daily rise since late March-after oil prices plunged on hopes of easing Middle East tensions," said Manav Modi Commodities Analyst, Motilal Oswal Financial Services Ltd.

Despite the recent correction, analysts believe gold continues to draw support from central bank purchases and lingering geopolitical uncertainty. For Indian consumers, the latest pullback in prices may provide an opportunity to buy gold and silver at relatively lower levels ahead of the wedding season and upcoming festivals.

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