Delhi gold snaps a three-day fall, up ₹1,200 to ₹1,55,600 per 10 grams

Gold in the national capital rose ₹1,200 on 16 September to ₹1,55,600 per 10 grams of 99.9 percent metal, inclusive of taxes, according to local dealers who spoke to PTI. Tuesday’s close had been ₹1,54,400. The bounce ended three sessions of losses. Silver, which had been flat for two days, rose ₹7,400 to ₹2.42 lakh a kilogram against ₹2,34,600.

Those retail tickets sit above the morning sheets. The Indian Bullion Association’s earlier print put 24-carat metal near ₹1,52,330 per 10 grams and 22-carat near ₹1,39,636, with 999 silver at ₹2,34,900 a kilogram. City lists at the open had Delhi 24-carat around ₹1,51,790 to ₹1,54,080 depending on the compiler. The gap between an association rate and a taxed dealer quote is making charges, GST and the afternoon mark-up. Buyers who walked into a Karol Bagh shop after lunch paid the higher number.

The global tape moved first. Spot gold gained $53.96, or 1.3 percent, to $4,348.10 an ounce. Silver rose 1.5 percent to $64.61. Prices spent the session either side of $4,300 as desks waited for the Federal Open Market Committee. Saumil Gandhi at HDFC Securities said Indian traders bought the dip after three down days, and that a softer crude print plus a dip in US Treasury yields gave the metal a bid. Praveen Singh at Mirae Asset Sharekhan said the same $4,300 band would hold until the Fed spoke.

Crude is the other leg. Indian wholesale inflation is already running near 10 percent on the new series, with fuel and power at 22.93 percent in August. When oil ticks down even for a day, some of the money that sat in energy trades rotates into bullion. That is a one-session flow, not a regime change. China’s official gold account added 650,000 ounces in August, the most in almost three years, a fact already on the public record this week. Official buying of that size does not set a Delhi retail ticket by itself. It does put a floor under dips.

MCX October gold had been near ₹1,51,785 per 10 grams in the morning. December silver futures were up 1.33 percent at ₹2,35,200 a kilogram around 9 am. By the evening dealer quote, the physical market had run ahead of the morning future. That often happens on a day when the rupee and the international ounce both move after Indian trading hours start.

For households the usable fact is the taxed 10-gram ticket: ₹1,55,600, up ₹1,200, after three down days. For jewellers it is whether the bid survives the Fed. A hold in Washington that sounds dovish would keep the $4,300 handle. A hawkish paragraph would give back Wednesday’s ₹1,200 before the next Akshaya Tritiya-scale buying window. Silver’s ₹7,400 jump is the more violent move and the one that will show first if industrial demand and the dollar both turn.

None of this is a forecast. It is the 16 September close. The three-session losing streak is over. The metal is still trading in a band defined by a war-risk premium, a Chinese official bid, and a US rate meeting that had not yet been gavelled when Delhi shops pulled the shutters.