Planning to buy gold today on Ganesh Chaturthi? Check prices in Mumbai, Pune, Nagpur, Nashik - Livemint

AI desk brief

Gold edged lower as a surge in oil prices revived inflation concerns and reinforced expectations the Federal Reserve could raise rates at this week’s Sept. 15-16 meeting. Spot gold was down 0.5% at about $4,327.80/oz, while December US gold futures fell nearly 1% to $4,368.60; MCX gold was 0.08% lower at ₹152,655/10g and MCX silver slipped 0.04% to ₹234,886/kg.

Reuters also cited Goldman Sachs reiterating upside risk to its $4,900/oz end-2026 gold forecast, though it expects elevated volatility. In India, retail gold rates eased across Mumbai, Pune, Nagpur and Nashik ahead of Ganesh Chaturthi buying, while silver prices also softened.