Gold and Silver Prices Rebound in India as gold gained for a second consecutive session and silver recovered sharply on October 9, 2026.
In Delhi, gold prices rose by Rs 1,900 per 10 grams, while silver climbed Rs 4,500 per kilogram, supported by a weaker US dollar and a recovery in international precious metal prices.
The latest gains followed a volatile week in which gold had fallen to a two-month low internationally.
The recovery has brought renewed attention to bullion prices among jewellery buyers and investors tracking the precious metals market.
Gold and Silver Prices Rebound in Delhi
According to the All India Sarafa Association, 99.9% pure gold rose Rs 1,900 to Rs 1,54,400 per 10 grams in Delhi on Friday, October 9.
The price had stood at Rs 1,52,500 per 10 grams in the previous session.
Silver also recovered, gaining Rs 4,500 to reach Rs 2,28,500 per kilogram, inclusive of taxes.
The rise ended its recent losing streak and reflected the broader recovery in precious metals.
Over two sessions, gold recovered Rs 4,600, or around 3.07%, in the domestic market.
Silver’s gains over the same period were more modest, with the metal recovering Rs 1,500 after its earlier decline.
Why Are Gold and Silver Prices Rising?
The recent recovery in precious metals has been supported by a retreat in the US dollar from recent highs.
A softer dollar can make gold cheaper for buyers using other currencies, while movements in international prices and the rupee also influence domestic bullion rates.
Internationally, spot gold rose to around $4,182 per ounce on Friday, while silver gained about 2% to approximately $60.32 per ounce.
Gold also touched a one-week high during the session after bargain buying emerged following the earlier decline.
However, the recovery does not necessarily indicate a sustained upward trend.
Precious metals remain sensitive to US interest-rate expectations, inflation data, currency movements and geopolitical developments.
Higher interest rates can reduce gold’s appeal because the metal does not generate interest income.
What Buyers Should Know Before Purchasing Gold
Gold prices vary by city, purity and the applicable taxes and jewellery-making charges.
The price of 24-carat gold is generally used as a benchmark for highly pure gold, while 22-carat gold is commonly used for jewellery because it contains additional metals that improve durability.
Buyers should compare the quoted rate with the price for the correct purity and weight.
The final jewellery bill may include making charges, applicable taxes and other charges, so the market rate alone may not represent the total purchase cost.
Silver buyers should also check the quoted price per gram or kilogram and confirm whether taxes are included.
Local rates can differ from national market figures, and jewellers may update their prices as international markets and exchange rates change.
Will Gold and Silver Prices Continue to Rise?
The next move in bullion prices will depend on global economic data, the US dollar, bond yields and investor demand.
Markets are also watching US inflation figures and the outlook for Federal Reserve interest-rate decisions, both of which can influence gold and silver.
For Indian buyers, changes in the rupee-dollar exchange rate and domestic demand will remain important factors.
A rise in international gold prices or a weaker rupee can increase local prices, while a stronger dollar or higher yields may put pressure on bullion.
The recent rebound offers some relief after the earlier decline, but prices can change quickly.
Consumers planning a purchase should check the latest local rates and compare the total cost before making a decision.
