Gold, silver prices today, 7 September: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata - Livemint

AI desk brief

Gold and silver eased in India on 7 September, with global bullion softening after strong US jobs data reinforced higher-rate expectations, even as geopolitical risk from the US-Iran standoff kept some safe-haven support in place. Spot gold was down 0.5% at $4,405.47/oz and December US gold futures were off 0.5% at $4,452.20, while MCX gold traded 0.28% lower at ₹152,910/10g and MCX silver slipped 0.14% to ₹236,840/kg.

The piece gives a city-by-city snapshot of Indian retail rates, showing 24K gold around ₹152,370/10g in New Delhi, ₹152,640 in Mumbai, ₹152,760 in Bengaluru, ₹152,420 in Kolkata, ₹152,860 in Hyderabad and ₹153,060 in Chennai. For 22K, rates ranged from ₹139,673/10g in New Delhi to ₹140,305 in Chennai, while 999 silver was roughly ₹235,830-₹236,830/kg across the major cities.

Near term, the tape looks driven more by US rates and incoming inflation data than by the Iran headline. Stronger yields would remain a headwind for bullion, but ongoing geopolitical uncertainty should cushion downside and keep dip-buying interest alive, particularly if the upcoming US inflation print comes in softer than expected.