Mint ImageAI Quick ReadGold rate today, 9 April 2026: Following the weak global sentiments around the precious metals, the MCX gold rate today opened with a downside gap at ₹1,50,647 per 10 gm. However, the precious yellow metal witnessed value buying at lower levels, pared its early morning losses, and rose above ₹1,51,000 within a few minutes of the Opening Bell. However, the gold price in India is still down by around 0.50%.
According to experts, the gold rate today is under pressure due to the rise in crude oil prices after Israel's attack on Lebanon. This has jeopardised the hopes for a ceasefire in the US-Iran war and the opening of the Strait of Hormuz. Rising oil prices have renewed inflation fears and a hawkish US Fed in the near-term.
Speaking on the reason for a dip in the gold rate today, Anuj Gupta, a SEBI-registered market expert, said that the major reason for the slide in the gold price today is escalation in the US-Iran conflict after Israel's attack on Lebanon. This has dented hopes for a ceasefire in the US-Iran war and the reopening of the Strait of Hormuz.
"It doesn't seem like gold is looking to do much at this moment. I think there's still a lot of speculation on what's going to happen after the ceasefire," said GoldSilver Central Managing Director Brian Lan.
Lan said he expected gold to consolidate between $4,607 and $4,860 in the near term.
“The COMEX gold rate today is in the $4,550 to $4,800 per ounce range, while the MCX gold rate today is in the ₹1,35,000 to ₹1,55,000 per 10 gm range,” said Anuj Gupta.
On Wednesday, Israel pounded Lebanon with its heaviest strikes yet, killing hundreds of people and drawing a threat of retaliation from Iran.
Oil prices rose on Thursday amid concerns that supply from the key Middle East producing region may not fully resume, as doubts persist that the two-week ceasefire between the U.S. and Iran will hold.
(This is a developing story. Please refresh for more updates)
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Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records.
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While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat.
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Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities.
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Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91).