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Gold climbs to $4,399 as geopolitical risks escalate

By Markets Desk · 2026-09-09 · Updated 2026-09-09 13:33 UTC
A single gold ingot resting on a dark surface
Illustration: Tradingbird

Spot gold has surged to nearly $4,400 on escalating US-Iran tensions and a softer dollar, prompting a parallel spike in domestic Indian bullion prices where 24K gold now exceeds ₹1.52 lakh per 10 grams. Investors remain on edge ahead of critical US inflation data that will dictate the Federal Reserve's next move on interest rates.

  • Domestic markets are mirroring the global rally, with 24-carat gold in Indian cities like Mumbai and Hyderabad crossing the ₹1.52 lakh mark per 10 grams, while MCX futures remain relatively stable. According to GN auto markets/commodities: gold prices, silver is also holding firm near ₹2.39 lakh per kilogram as traders digest geopolitical risks and await US inflation figures.

    Source: GN auto markets/commodities: gold prices

  • Spot gold rose 1% to $4,399.45 per ounce, driven by a weaker dollar and rising tensions between the US and Iran. Investors brace for upcoming inflation data that will shape the Federal Reserve's interest rate path.

    Source: Gold (Google News)
Based on reporting by Gold (Google News) and GN auto markets/commodities: gold prices, compiled by the Tradingbird desk.

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