New Delhi, India – Gold and silver prices in India experienced downward pressure across both futures and retail markets on September 24, 2026. Traders observed a dip in precious metal futures on the Multi Commodity Exchange (MCX), impacting rates nationwide.
MCX Futures See Declines
On the Multi Commodity Exchange, gold futures were down 0.24%, trading at ₹1,52,090 per 10 gm. Silver futures also slipped, declining by 0.53% to approximately ₹2,36,080 per kg at the time of reporting.
Retail Gold Rates Across Major Cities
Retail gold prices for 24-carat and 22-carat purities showed minor regional differences influenced by brand policies, procurement costs, and local market dynamics. The overall bullion trends, however, guided the general direction.
- Delhi: 24K gold stood at ₹1,51,100 per 10 gm; 22K gold at ₹1,38,508 per 10 gm.
- Mumbai: 24K gold was priced at ₹1,51,360 per 10 gm; 22K gold at ₹1,38,747 per 10 gm.
- Kolkata: 24K gold traded at ₹1,51,160 per 10 gm; 22K gold at ₹1,38,563 per 10 gm.
- Hyderabad: 24K gold reached ₹1,51,600 per 10 gm; 22K gold at ₹1,38,967 per 10 gm.
- Chennai: 24K gold was ₹1,51,800 per 10 gm; 22K gold at ₹1,39,150 per 10 gm.
- Bengaluru: 24K gold was ₹1,51,480 per 10 gm; 22K gold at ₹1,38,857 per 10 gm.
These retail figures reflect an overall price of ₹1,51,720 per 10 gm for 24-carat gold and ₹2,34,820 per kg for silver across the country.
Silver Prices Remain Consistent
Silver prices displayed uniformity across major Indian cities on September 24, 2026:
- Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad, Chennai: Silver was priced at ₹23,381 per 100 gm, or ₹2,33,810 per kg.
Factors Influencing Precious Metal Prices
Several key factors contribute to the fluctuation of gold and silver prices in India. These include the international gold price, the exchange rate of the US Dollar against the Indian Rupee, and domestic demand, which often sees an uptick ahead of the festive season.
Leading Jewellers' Rates
Major jewellery retailers reported largely stable gold rates for September 24, 2026. Joyalukkas and Malabar Gold & Diamonds both quoted 22K gold at ₹14,135 per gram across various Indian states. Tanishq's 22K gold rate stood slightly higher at ₹14,180 per gram. For 24-carat gold, Malabar offered ₹15,420 per gram, while Tanishq's rate was ₹15,469 per gram.
22K Gold Rates by Top Jewellers (per gram)
- Joyalukkas: ₹14,135
- Malabar Gold & Diamonds: ₹14,135
- Tanishq: ₹14,180
These slight variations underscore the impact of individual brand pricing policies and procurement costs on the final retail price.