Gold Rates & Silver Rates Today (9/9/2026) LIVE: Mild Fall In MCX Gold, Silver Continues Below Rs 2.40 Lakh

Gold rates and silver rates in India are under pressure on September 9th due to rising crude oil prices. In the opening bell, MCX gold dipped marginally to hit an intraday low of Rs 1,52,101 per 10 grams. While MCX silver price declined to hit an intraday low of Rs 2,39,081 per 1Kg.

Spot gold is currently trading above $4,370 per ounce and spot silver is holding above $66 per ounce. Both the precious metals are up 0.4% each.

This is despite rising crude oil prices. US WTI crude oil zooms 1.5% to trade around $94.4 per barrel, while Brent crude surges 2% to trade above $99.4 per barrel, which is very close to crossing $100 mark. Natural gas prices dipped nearly 1%, while gasoline prices advanced 1%.

Oil prices continued to climb after US forces destroyed five Iranian crude tankers near Kharg Island, the country's main oil export hub, in retaliation for attempted missile attacks on a US warship. Investors also braced for key US inflation readings this week for further signals on the Federal Reserve's next policy move. Markets are currently pricing in roughly a 60% chance of a 25-basis-point rate hike next week. Although gold is widely considered a hedge against inflation, higher interest rates can reduce demand for the non-yielding asset by increasing the appeal of interest-bearing investments. Meanwhile, gold posted strong gains in August, supported by increased investment and hedging demand, along with continued central bank purchases, particularly from China, as per Trading Economics.

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Sep 09, 2026, 9:39 am IST

Live Silver Rates Today: MCX Silver Price Under Pressure

MCX silver price traded under pressure to Rs 2,39,303 per 1kg, down by Rs 124 or 0.05%. This is after silver touched an intraday high and low of Rs 2,39,765 and Rs 2,39,081 per 1Kg respectively.

Sep 09, 2026, 9:39 am IST

Live Gold Rates Today: MCX Gold Struggles Below Rs 1,52,500

MCX gold price traded marginally lower to Rs 1,52,469 per 10 grams due to rising oil prices. In the opening bell, MCX gold touched an intraday high and low of Rs 1,52,571 per 10 grams and Rs 1,52,101 per 10 grams respectively.

Sep 09, 2026, 9:25 am IST

Live Oil Prices Today: US President Donald Trump Says, Oil Prices Will Fall

President Donald Trump is optimistic that oil prices will drop. He said, "Oil prices will drop precipitously, like everything else is dropping (but more!), when we WIN the war with Iran. Three Dollars a gallon, but ultimately, below Two Dollars a gallon. It will all happen quickly, and Iran will never have a Nuclear Weapon."

Sep 09, 2026, 9:25 am IST

Live Today Oil Prices; Will Brent Crude Hit $120 Soon

Goldman Sachs is predicting that Brent crude may rally to hit $120 per barrel if the tensions in Middle East intensify. They have also predicted a downside to $80 per barrel if exports at Gulf sea normalizes. Meanwhile, Goldman has hiked their Brent and WTI forecast by $5 to $85 and $80 for December 2026, and further to $80 and $75 for the next year.

Sep 09, 2026, 8:37 am IST

Live Forex Market Today: US Dollar Steady

The dollar index steadied around 98.8 on Wednesday, pausing its recent decline as rising oil prices intensified inflation concerns and strengthened expectations for a Federal Reserve rate hike. Oil prices extended their gains after US forces destroyed five Iranian crude tankers near Kharg Island in retaliation for attempted missile attacks on a US warship, as per Trading Economics.

Sep 09, 2026, 8:16 am IST

Live Oil Prices Today: Brent Crude Nears $100

Brent crude has advanced nearly 2% in the early hours of Wednesday and trades above $99.4 per barrel, moving very close to $100 mark. Brent is at seven-week high. Amidst US-Iran's fresh attacks, Iran-backed Houthi militants also attacked energy infrastructure in southern Saudi Arabia, including the 400,000-barrel-a-day Jazan refinery. Meanwhile, stronger Chinese oil demand is pushing up prices for African, Canadian and Latin American crude as disruptions in the Strait of Hormuz force refiners to look farther afield for alternative supplies, as per Trading Economics.

Sep 09, 2026, 8:15 am IST

Live Oil Prices Today: US WTI Crude Above $94

US WTI crude oil futures gained 1.5% to trade near $94.4 per barrel, reaching to its three-months high. As per Trading Economics, the fresh attacks between US and Iran heightened geopolitical tensions and raised concerns about further disruptions to global oil supplies. A US official said the strikes came in response to an attempted missile attack on a US warship. Tehran retaliated by launching ballistic missiles toward Jordan and warning vessels in the Persian Gulf, urging tanker crews near Kuwaiti and Bahraini ports to “immediately abandon their vessels.”

Sep 09, 2026, 7:58 am IST

Live Silver Rates Today: Spot Silver Holds Above $66

Spot silver gained 0.5% to hold above $66 per ounce level. As per Trading Economics, although precious metals are widely considered a hedge against inflation, higher interest rates can reduce demand for non-yielding assets by increasing the appeal of interest-bearing investments. Meanwhile, silver continued to find support from robust industrial demand, particularly from the solar energy and electrification sectors.

Sep 09, 2026, 7:58 am IST

Live Gold Rates Today: Spot Gold Hits $4,350 Before Climbing

Spot gold price climbed marginally from their $4,350 per ounce level. At the time of writing, spot gold is higher by 0.4% to trade near $4,373 per ounce. This comes after gold was under pressure for two consecutive sessions due to rising oil prices that has escalated inflationary pressure and rate hike scenario this month.