Gold, silver prices today, 8 September: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata - livemint.com

AI desk brief

Gold and silver extended higher in India and in spot trading on 8 September, with 24K gold up 0.52% to around ₹154,080/10g and MCX gold 0.47% higher at ₹153,538/10g. Internationally, spot gold recovered 0.7% to about $4,435/oz as the US dollar softened, while spot silver rose 1% to $66.78/oz; platinum and palladium also firmed, up 0.4% and 1% respectively. The move was framed as a response to renewed West Asia tensions and rising Brent crude toward $100/bbl.

The article says renewed clashes between the US and Iran are keeping the market focused on possible disruption risks through the Strait of Hormuz, which is feeding bullion as a geopolitical hedge. Pepperstone’s Chris Weston described gold as being in a “battle between buyers and sellers,” with neither side able to establish a sustained directional trend. That fits the broader picture of gold following the weaker dollar lower/higher intraday rather than breaking decisively on its own.

Near term, the key support for metals is continued geopolitical escalation plus any further USD softness; the main risk is that if energy fears fade or the dollar rebounds, the recent bounce could stall. For traders, spot gold around $4,435/oz and silver near $66.78/oz remain the key reference levels, while the Indian retail and MCX prints suggest local demand is tracking the global move rather than leading it.