NEW YORK — The calculation for gold on September 9 is almost arithmetically clean: a jobs report that beat estimates by three times the forecast, a Federal Reserve meeting six days away, crude oil within a dollar of a hundred, and a war in the Strait of Hormuz that has already produced the largest supply disruption in oil-market history. Gold is up on the day. Which of those forces eventually settles the price is the debate running through every trading desk this week.
| Purity | Per Gram | Per Troy Oz | Change |
|---|---|---|---|
| 24K — 999 Fine | $142.14 | $4,421.00 | ▲ $0.70 |
| 22K — 916 KDM | $130.30 | $4,052.58 | ▲ $0.64 |
| 18K — 750 Fine | $106.61 | $3,315.75 | ▲ $0.52 |
| 14K — 583 Fine | $82.92 | $2,579.25 | ▲ $0.41 |
| 10K — 417 Fine | $59.23 | $1,841.43 | ▲ $0.29 |
| Spot rates, September 9, 2026. Dealer premiums of $1–$3/g apply above spot. Investment gold (coins, bars) exempt from sales tax in 41 states; jewellery taxable in all 50. | |||
Physical gold in the United States is priced against the spot benchmark and converted to dollars at the prevailing exchange rate. Retail dealers apply premiums above spot — typically $1 to $3 per gram at national bullion chains — and state sales taxes vary. Investment-grade gold coins and bars are exempt from sales tax in 41 states; gold jewellery is taxable in all 50.
August’s nonfarm payrolls arrived last Friday and immediately rewrote the rate-hike odds. The economy added 162,000 jobs against a consensus estimate of 56,000 — a gap large enough to shift the probability of a Federal Reserve rate increase at the September 16 FOMC meeting from below 50 percent to roughly 60 percent. For gold, a rate hike compresses real yields that compete directly with non-yielding bullion, which is why the September 16 decision has become the price-determinant event of the week.
The offsetting force is geopolitical. Brent crude nearing $100 pushes inflation readings higher, which would simultaneously argue for a rate hike and generate safe-haven demand that has underpinned gold through the six-month Iran-Gulf conflict. The same event that raises the case for monetary tightening also supplies the geopolitical risk premium that has sustained gold above $4,300 since July — making the two drivers unusually difficult to separate this week.
Goldman Sachs kept its gold target at $4,600 per ounce through year-end, describing the Hormuz disruption as a structural safe-haven floor that limits downside regardless of Fed trajectory. JPMorgan Global Research is more aggressive, forecasting gold to average $6,000 per ounce in the final quarter of 2026, predicated on central bank accumulation continuing at the pace set in the first half of the year. Deutsche Bank, in a note published this week, argued that momentum toward $5,000 per ounce remains intact as long as real yields stay below 2 percent — a threshold market pricing does not project being crossed before year-end.
| City | State | 24K/g | 22K/g | 18K/g |
|---|---|---|---|---|
| New York | New York | $142.14 | $130.30 | $106.61 |
| Los Angeles | California | $142.14 | $130.30 | $106.61 |
| Chicago | Illinois | $142.14 | $130.30 | $106.61 |
| Houston | Texas | $142.14 | $130.30 | $106.61 |
| Phoenix | Arizona | $142.14 | $130.30 | $106.61 |
| Philadelphia | Pennsylvania | $142.14 | $130.30 | $106.61 |
| Dallas | Texas | $142.14 | $130.30 | $106.61 |
| San Antonio | Texas | $142.14 | $130.30 | $106.61 |
| San Diego | California | $142.14 | $130.30 | $106.61 |
| San Jose | California | $142.14 | $130.30 | $106.61 |
| Denver | Colorado | $142.14 | $130.30 | $106.61 |
| Seattle | Washington | $142.14 | $130.30 | $106.61 |
| All prices reflect the uniform national spot benchmark. Dealer premiums ($1–$3/g) and applicable state sales taxes not included. Investment gold exempt in 41 states; jewellery taxable in all 50. | ||||
| Silver Grade | Per Gram | Per Troy Oz |
|---|---|---|
| 999 Fine Silver | $2.15 | $66.77 |
| 925 Sterling | $1.99 | $61.76 |
| 800 Grade | $1.72 | $53.42 |
| Spot silver, September 9, 2026. Investment silver coins and bars are sales-tax exempt in most states. | ||
Is gold a good buy in the USA right now?
Goldman Sachs and JPMorgan both maintain bullish targets through year-end 2026, with JPMorgan projecting $6,000 per ounce by Q4. The principal risk is a September 16 Fed rate hike that materially lifts real yields. Central bank accumulation and the Hormuz supply disruption provide structural support. Individual buyers should consult a financial advisor before making investment decisions.
What is the gold price per ounce in the US today?
On September 9, 2026, the spot price for 24-karat (999 fine) gold in the United States is $4,421.00 per troy ounce, up approximately $22 from the September 8 close. Per gram, 24K gold trades at $142.14.
Why did gold rise on September 9, 2026?
Gold recovered modestly from two consecutive sessions of declines triggered by the stronger-than-expected August jobs report. The partial rebound reflects safe-haven demand tied to rising crude oil and unresolved Hormuz uncertainty, which partially offset the rate-hike pressure weighing on prices since last Friday.
Is investment gold tax-exempt in the United States?
Investment-grade gold — including American Gold Eagle and Buffalo coins, and .999 fine gold bars — is exempt from state sales tax in 41 states. Gold jewellery is taxable in all 50 states at rates ranging from approximately 4 percent to more than 10 percent. Buyers in states without exemptions can avoid sales tax by purchasing from out-of-state online dealers with no physical presence in their state.
The critical unknown heading into next week is not whether the Fed raises rates — markets have priced a 60 percent probability — but what language accompanies the decision. A hike paired with a clear signal that the tightening cycle is approaching its end would likely support gold as inflation remains elevated. A hike with hawkish forward guidance projecting further increases into 2027 is a materially different outcome. Neither scenario has been ruled out by the Fed’s own communications.
For daily physical gold price benchmarks in other markets: see today’s gold rate in India and gold rate in the UK.
