Gold Prices Fall to Rs 14,015 per Gram in India
Indian gold jewellery rates dropped sharply on September 11, 2026, as global markets reacted to US inflation data and geopolitical tensions.
22-karat gold jewellery prices at Malabar Gold & Diamonds fell to Rs 14,015 per gram on September 11, 2026. This represents a drop of Rs 240 per gram from the previous day’s rate of Rs 14,255. International spot gold traded near $4,330 per ounce during the session. The metal is on track for a third consecutive weekly loss.
Tanishq listed its 22-karat gold at Rs 14,060 per gram in major Indian cities. This price was Rs 240 lower than the Rs 14,300 recorded on September 10. Domestic rates reflect global bullion movements and local tax structures. Jewellers in New Delhi, Mumbai, Chennai, Kolkata, and Bengaluru reported similar declines.
Strong US data pressures gold
Stronger-than-expected US Producer Price Index data boosted expectations for a Federal Reserve rate hike. Markets awaited the Consumer Price Index report for further clarity on inflation. The European Central Bank raised rates and flagged persistent upside inflation risks. These macroeconomic factors increased pressure on precious metals.
Brent crude oil prices pushed toward $108 per barrel. This rise is attributed to the ongoing conflict between Iran and the United States. Geopolitical tensions intensified as Houthi forces seized Yemen's Mocha port. Analysts note that oil prices and inflation are the primary drivers of the current gold decline.
Technical range for bullion
Prithviraj Kothari, president of the IBJA, projects gold will trade between $4,300 and $4,500. Silver is expected to hold within the $63 to $68 range. A breakout is required for a decisive directional move. The metal is currently digesting a sharp 1.8 percent fall from the previous session.
Vedika Narvekar of Anand Rathi notes that gold is trying to steady itself. The recent bounce is small relative to the broader downward trend. Investors are monitoring central bank signals and economic data. The market remains cautious ahead of further geopolitical developments.
Domestic rates vary by brand
Malabar Gold & Diamonds and Tanishq reported similar price cuts across major cities. Joyalukkas and Kalyan Jewellers also adjusted their rates downward. Local demand and supply dynamics influence final retail prices. Tax structures and applicable charges cause variations between cities.
Source data from GN auto markets/commodities: gold prices indicates significant daily volatility. Retailers updated their websites as of 13:01 pm on September 11, 2026. Rates may change during the day based on global cues. Buyers should verify local prices before purchasing.
