Fluctuations in Gold and Silver Prices on September 10, 2026

Market Overview of Precious Metals

On Thursday, September 10, 2026, the prices of gold and silver experienced notable fluctuations. As trading commenced on the MCX, a significant drop in silver futures was observed, while gold prices saw an upward trend.

Silver Prices Drop by ₹1,487

Silver futures for December expiry closed at ₹2,44,213 per kilogram in the previous trading session. However, with the market opening on Thursday, the price fell to ₹2,42,726 per kilogram, marking a decrease of ₹1,487 per kilogram in early trading.

Currently, silver is trading well below its record high of ₹4,20,048 per kilogram reached in January 2026, representing a decline of approximately ₹1.77 lakh per kilogram from its peak.

Current Gold Prices

In contrast to silver, gold for October expiry on the MCX saw an increase of around ₹200, reaching approximately ₹1,53,963 per 10 grams. This indicates a strengthening of gold prices amidst the decline in silver.

According to the IBJA rates in the domestic market, the price for 10 grams of 24-carat gold is reported at ₹1,53,486, while 1 kilogram of silver is priced at ₹2,35,249. It's important to note that GST and making charges may apply when purchasing jewelry.

Future Price Trends for Gold and Silver

The prices of precious metals are influenced by international market activities and economic conditions. Therefore, fluctuations in gold and silver prices on the MCX and in the domestic market can occur throughout the day. It is advisable to consult market experts before making any investments.