Gold and silver price today, September 11: Check rates of 24K, 22K gold in Delhi, Mumbai, Kolkata other…

As per the latest business developments, Gold futures price declined nearly 1 percent at $4,365 per ounce (01:56 GMT) from its previous close on Comex amid rising US bond yields and a stronger dollar weighing on bullion, while elevated crude prices fuelled inflation concerns and expectations of tighter Fed policy. Silver declined 1.58 percent to $63.90 per ounce during the morning trade.

The domestic MCX gold futures for the October contract opened the Friday session 0.81 percent softer to Rs 1,51,100 per 10 grams, and silver edged 1.24 percent down to Rs 2,31,199 per 1 kilogram (09:02 IST). Domestic spot gold closed the Thursday (Sept. 10) session at Rs 1,52,761 per 10 grams on MCX, and silver at Rs 2,35,316 per kilogram.

Jateen Trivedi, VP Research Market observer (commodity and currency) at LKP Securities, stated, "Elevated crude prices are keeping inflation concerns elevated, increasing expectations of a tighter Fed policy and weighing on bullion. Overall, gold is likely to stay under pressure at elevated marks amid a stronger dollar and expectations of rate hikes. Gold range can be noted between Rs 1,51,500 and Rs 1,55,000."

In the meantime, the dollar advanced 38 paise to close at $95.46 (provisional) against the indian rupee on Thursday, as Brent crude breached the $105 threshold

Market focus now turns to US CPI data and the week ahead’s Fed decision, with Treasury yields, the dollar and developments in the Middle East likely to stay key drivers of bullion prices.

Here's how the gold prices of 24 Karat, 22 Karat, and 18 Karat purity moved.

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Here's how the price of 1 kilogram of silver of 999 purity moved.

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Gold prices vary among cities. Here’s how the price of 10 grams of gold moved in your city.

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Gold outlook: What market participants should watch the week ahead

According to Manav Modi, Commodities Market observer at Motilal Oswal Financial Services, gold prices continued their slide after a sharp slide in the previous session, as hotter-than-anticipated US producer inflation strengthened expectations of a The US central bank interest-rate gain and pushed Treasury yields elevated.

The latest PPI data revealed renewed price pressures, partly fuelled by elevated energy costs, reinforcing concerns that inflation could stay persistent. Markets are now pricing in around a 70 percent probability of a 25 bps Fed hike at the week ahead’s September meeting, increasing the opportunity cost of holding non-yielding bullion.

Additional pressure came from the European Central Bank, which boosted interest rates by 25 basis points for the second time since the Middle East conflict began and flagged continued upside risks to inflation, reinforcing the broader global tightening narrative.

In the meantime, oil price marks remained above $100 per barrel amid persistent attacks on tankers and severe disruptions to traffic through the Strait of Hormuz, keeping energy-fuelled inflation risks elevated. Rising crude prices additionally pressured the Indian indian rupee, pushing USD/INR above 95.50 and partially cushioning the slide in domestic gold prices.

"Market attention now shifts to US CPI data and the week ahead’s Fed decision, while movements in Treasury yields, the dollar and Middle East developments are anticipated to stay key drivers for bullion," Modi stated.