Gold, silver prices today, July 9, 2026: Check city-wise rates in Delhi, Mumbai, Chennai, Kolkata and more - DNA India

**Gold, silver prices today, July 9, 2026: Check city‑wise rates in Delhi, Mumbai, Chennai, Kolkata and more - DNA India**

**Introduction**
On July 9, 2026, the precious‑metals market showed a modest rebound after two weeks of sideways trading. Spot gold hovered around $2,045 per ounce, while silver traded near $24.80, reflecting a mix of softer‑than‑expected U.S. inflation data and renewed safe‑haven buying amid geopolitical tension in the South China Sea. Retail investors across India’s major metros are watching the numbers closely, as local jewellers adjust making charges and bullion dealers update daily rate sheets.

**Key Developments**
- **Domestic rates:** In Delhi, 22‑carat gold was quoted at ₹6,120 per 10 grams, up ₹15 from the previous close; silver stood at ₹78.5 per kilogram. Mumbai saw a similar uptick, with gold at ₹6,105 and silver at ₹78.2. Chennai and Kolkata posted slightly higher premiums due to stronger local demand, recording gold at ₹6,135 and ₹6,128 respectively.
- **Global drivers:** The U.S. Core PCE price index came in at 2.6% YoY, below the 2.8% forecast, easing pressure on the Federal Reserve to maintain higher rates for longer. Simultaneously, China’s export data surprised to the upside, boosting industrial demand for silver in electronics and photovoltaics.
- **Market sentiment:** Analysts at BullionStreet noted a “cautiously optimistic” tone, with institutional inflows into gold‑backed ETFs rising by 1.2% week‑on‑week, while speculative short positions in silver contracted by 0.8%.

**Industry Analysis**
The current price movement underscores the dual role of precious metals as both inflation hedges and industrial inputs. Gold’s modest gain aligns with expectations that real yields will remain subdued, keeping the non‑yield‑bearing asset attractive