Gold Rate In India Crashes Rs 26,200/100g, Silver Slumps Rs 10,000 as Oil Prices Soar; Will CPI Lift Prices?

Gold rates in India crashed sharply by at least Rs 26,200 on September 11, 2026, while silver prices in India also plunged by up to Rs 10,000. All 24-carats, 22-carats, and 18-carats are under pressure. The reason is the sky-high oil prices that are racing toward the $110 mark, intensifying the energy crisis and inflationary pressures. In return, it also increases the odds of interest rate hikes this month. The much-awaited US CPI data will give further clarity in the upcoming US Federal Reserve's policy outcomes. For now, physical gold rates have tumbled, tracking both MCX gold and spot gold, which is struggling below the Rs 1.52 lakh mark and $4,350 per ounce. The outlook for precious metals is volatile, and its further movement will depend on CPI data.

Gold Rates In India Today (9/11/2026)

On September 11, 24-carat gold price plunged by Rs 26,200 in 100 grams to Rs 15,28,900 and dipped by Rs 2,620 in 10 grams to Rs 1,52,890. The price of 8 grams gold here declined by Rs 2,096 to Rs 1,22,312, while 1 gram gold is lower by Rs 262 to Rs 15,289.

In case of 22-carat, gold price tumbled by Rs 24,000 to Rs 14,01,500 per 100 grams and crashed by Rs 2,400 to Rs 1,40,150 per 10 grams. Meanwhile, the 8 grams gold corrected down by Rs 1,920 to Rs 1,12,120 and 1 gram gold slipped Rs 240 to Rs 14,015.

Furthermore, 18-carat gold price plummeted by a whopping Rs 19,600 to Rs 11,46,700 per 100 grams and sank by Rs 1,960 to Rs 1,14,670 per 10 grams. Here, 1 gram gold inched lower by Rs 196 to Rs 11,467 and 8 grams gold price tanked by Rs 1,568 to Rs 91,736.

Gram	24K Gold	22K Gold	18K Gold
1g	₹15,289 (-262)	₹14,015 (-240)	₹11,467 (-196)
8g	₹1,22,312 (-2,096)	₹1,12,120 (-1,920)	₹91,736 (-1,568)
10g	₹1,52,890 (-2,620)	₹1,40,150 (-2,400)	₹1,14,670 (-1,960)
100g	₹15,28,900 (-26,200)	₹14,01,500 (-24,000)	₹11,46,700 (-19,600)

"Gold traded volatile and weak, giving up gains from higher levels as profit booking emerged amid a rise in bond yields and the Dollar Index moving back towards the 99 mark. Higher crude prices are also keeping inflation concerns elevated, increasing expectations of a tighter Fed policy and weighing on bullion. Overall, gold is likely to remain under pressure at higher levels amid a stronger dollar and rate-hike expectations," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Silver Rates In India Today (11-9-2026)

Just like gold, silver prices have dipped significantly on Friday. The 999 purity silver crashed the most by Rs 10,000 to Rs 2.45 lakh. In the white metal, 100 grams and 10 grams silver dropped by Rs 1,000 and Rs 100 to Rs 24,500 and Rs 2,450. Also, 8 grams silver is down by Rs 80 to Rs 1,960, and 1 gram silver is lower by Rs 10 to Rs 245.

Gram	Today	Yesterday	Change
1g	₹245	₹255	-₹10
8g	₹1,960	₹2,040	-₹80
10g	₹2,450	₹2,550	-₹100
100g	₹24,500	₹25,500	-₹1,000
1000g (1kg)	₹2,45,000	₹2,55,000	-₹10,000

A host of key data have been playing a major role in impacting both yellow and white metals globally. As per Kaynat Chainwala, AVP Commodity Research, Kotak Securities, the core driver for gold remains the broader macro setup, with the dollar, Treasury yields, and shifting rate expectations doing most of the work rather than any single catalyst. That leaves gold and silver exposed to today's PPI, with a firm print reinforcing hike bets and pressuring bullion further, and a soft one reviving pause expectations ahead of Friday's more decisive CPI release.

This week both PPI and CPI, which are key indicators for US Fed in their policy decisions, have been keeping both gold and silver on the edge.

Investors braced for the US consumer price index report that could reinforce expectations for a Federal Reserve rate hike next week. Data released Thursday showed US producer prices accelerated in August as the Iran war pushed wholesale energy costs higher. Markets are now pricing in roughly a 71% probability of a 25-basis-point Fed rate increase next week, up from 61% before the PPI data. Gold also faced pressure from surging oil prices amid the escalating US-Iran conflict, fueling concerns over rising inflation. Meanwhile, Treasury yields jumped following lower-than-expected purchases by the US Treasury Department during its first expanded buyback operation. Non-interest-bearing assets such as gold tend to underperform when yields rise. Gold is on track to lose more than 2% this week, marking its third straight weekly decline, as per Trading Economics.

Gold Rates Today In Major Cities

Gold Rates In Chennai Today:

The 10 grams gold price in Chennai is at Rs 1,52,890 in 24-carat, at Rs 1,40,150 in 22-carat and at Rs 1,17,850 in 18-carat. The 1 gram gold price stood at Rs 15,289 in 24-carat, at Rs 14,015 in 22-carat and at Rs 11,785 in 18-carat.

Gold Rates In Mumbai + Gold Rates In Kolkata + Gold Rates In Bangalore + Gold Rates In Hyderabad + Gold Rates In Kerala + Gold Rates In Pune:

Gold prices in these cities are similar. The price of 10 grams gold stood at Rs 1,52,890 in 24-carat, at Rs 1,40,150 in 22-carat and at Rs 1,14,670 in 18-carat. The 1-gram gold price is at Rs 15,289 per gram for 24 karat gold (99.9% purity), Rs 14,015 per gram for 22 karat gold (91.6% purity), and Rs 11,467 per gram for 18 karat gold (75% purity).

Gold Rates In Delhi:

Moreover, in Delhi, 24-carat gold stood at Rs 1,53,040 per 10 grams, at Rs 1,40,300 in 22-carat and at Rs 1,14,820 in 18-carat. Furthermore, 1 gram gold price Delhi stands at Rs 15,304 per gram for 24 karat gold (99.9% purity), Rs 14,030 per gram for 22 karat gold (91.6% purity), and Rs 11,482 per gram for 18 karat gold.

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