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India Gold Price Drops to 13,244 INR Per Gram on September 11

By Markets Desk · 2026-09-11 · Updated 2026-09-11 05:37 UTC
A single, polished gold bar resting on a neutral surface
Illustration: Tradingbird

Indian gold prices have slipped to 13,244 INR per gram on September 11 amid global sell-offs driven by strong US inflation data. New reports indicate the drop to 15,289 INR for 24K gold is exacerbated by escalating geopolitical tensions, including Iranian attacks on US assets and merchant ships in the Gulf.

  • According to GN auto markets/commodities: gold prices, 24-carat gold in India has fallen to 15,289 INR per gram, a drop of 262 INR from the previous day. The decline is attributed to renewed hostilities in the Strait of Hormuz, where Iranian forces targeted a US surveillance drone and projectiles struck merchant vessels near Oman, disrupting the fragile peace.

    Source: GN auto markets/commodities: gold prices

  • According to data from GN auto markets/commodities: gold prices, international spot gold fell nearly 1% to $4,359.19 per ounce as robust US inflation figures and rising oil prices fueled expectations for a Federal Reserve rate hike. This global decline mirrored domestic trends, with MCX gold futures dropping 0.76% to ₹151,610 per 10 grams and silver futures sliding 1.25% to ₹230,670 per kg.

    Source: GN auto markets/commodities: gold prices

  • Gold prices in India declined on Friday, with the spot rate for one gram falling to 13,244.01 Indian Rupees. The metal also lost value in tola terms, marking a clear downward trend for the day.

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

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