Gold Rate Today, September 7, 2026: Check MCX Gold, Silver Prices and City-Wise Rates

Gold Rate Today, September 7: Gold and silver fell a bit in the opening hours on Monday. Traders pointed to fresh US jobs numbers. Those results made many people think the Federal Reserve could lift rates again. Now the market is waiting on the next big sign. Investors will look closely at the upcoming US inflation report.

MCX Gold and Silver Price Today

• MCX Gold October futures: ₹1,52,274 per 10 grams, down ₹493 or 0.32%.
• MCX Silver December futures: ₹2,36,737 per kg, down ₹921 or 0.39%.

Gold Rate Today City-Wise

• Delhi: 24K ₹1,54,940/10g | 22K ₹1,42,040
• Mumbai: 24K ₹1,54,790/10g | 22K ₹1,41,890
• Chennai: 24K ₹1,56,660/10g | 22K ₹1,43,600
• Kolkata: 24K ₹1,54,790/10g | 22K ₹1,41,890
• Bengaluru: 24K ₹1,54,790/10g | 22K ₹1,41,890
• Hyderabad: 24K ₹1,54,790/10g | 22K ₹1,41,890
• Pune: 24K ₹1,54,790/10g | 22K ₹1,41,890
• Ahmedabad: 24K ₹1,54,840/10g | 22K ₹1,41,940

Chennai recorded the highest quoted 24K and 22K rates among the cities listed, while Mumbai, Kolkata, Bengaluru, Hyderabad and Pune were lower.

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Silver Rate Today City-Wise

For 999-purity silver, the latest city-wise rates were:

• Delhi: ₹2,36,330/kg
• Mumbai: ₹2,36,740/kg
• Chennai: ₹2,37,430/kg
• Kolkata: ₹2,36,420/kg
• Bengaluru: ₹2,36,920/kg Hyderabad: ₹2,37,110/kg
• The national reference rate for 999 silver was around ₹2,37,170 per kg.

Why Are Gold and Silver Prices Falling Today?

Right now the biggest push is from the US jobs picture. Recent strength in hiring has led many people to think the US Federal Reserve may hold rates at current levels for longer. Some traders even talk about another rate increase. When that happens, gold often struggles since it does not pay interest.

Now the market focus is shifting to the next inflation releases from the US. Traders are watching the PPI and CPI numbers closely. Those reports can steer the Fed’s next move and quickly change sentiment.

Meanwhile, outside events still matter. Ongoing geopolitical issues and moves in crude oil can push bullion prices up or down. So price swings could stay elevated for the week.

Gold Rate Today, September 7: Outlook

For buyers and investors in India, several items drive decisions. The rupee against the dollar is one of the main factors. International gold quotes also matter. So do expectations for US rates and changes tied to geopolitics. Prices in India may not match MCX values, since the currency can move, local premiums can apply and taxes and jeweler fees can add extra cost.