On September 20, 2026, precious metal markets in India observed an uptick in futures trading. Gold futures on the Multi Commodity Exchange (MCX) were up by 0.84%, reaching ₹1,54,263 per 10 grams. Silver futures also recorded a modest gain of 0.16%, trading at approximately ₹2,42,000 per kilogram.
Retail rates for both 24-karat and 22-karat gold, as well as silver, displayed minor fluctuations across various metropolitan areas, reflecting regional market conditions and demand.
Gold Rates on September 20, 2026
Here are the latest retail gold prices per 10 grams across major Indian cities:
24-Karat Gold (Per 10 Grams)
- Delhi: ₹1,54,410
- Mumbai: ₹1,54,670
- Bengaluru: ₹1,54,790
- Kolkata: ₹1,54,470
- Hyderabad: ₹1,54,920
- Chennai: ₹1,55,120
22-Karat Gold (Per 10 Grams)
- Delhi: ₹1,41,543
- Mumbai: ₹1,41,781
- Bengaluru: ₹1,41,891
- Kolkata: ₹1,41,598
- Hyderabad: ₹1,42,010
- Chennai: ₹1,42,193
Silver Rates on September 20, 2026
Silver prices remained consistent across several key Indian cities, with rates per kilogram reported as:
- Delhi: ₹2,41,060
- Mumbai: ₹2,41,060
- Bengaluru: ₹2,41,060
- Kolkata: ₹2,41,060
- Hyderabad: ₹2,41,060
- Chennai: ₹2,41,060
Retail Market Trends and Purity
While 24-karat gold is recognized for its purity, 22-karat gold is predominantly favored for jewellery due to its enhanced strength and durability, attributed to the presence of alloyed metals. Gold prices in India are influenced by a confluence of factors, including international gold rates, the US Dollar's exchange rate, and domestic demand, particularly during the festive season.
On September 19, 2026, the retail prices for 24-carat, 22-carat, and 18-carat gold, as well as silver, had largely remained stable across the country. The 24-carat gold price stood at ₹1,54,950 per 10 grams, and silver at ₹2,41,920 per kilogram.
Leading Jewellers' Rates (September 19, 2026)
The previous day, September 19, 2026, saw leading jewellery retailers quoting rates with marginal differences:
- Joyalukkas (22K): ₹14,285 per gram
- Malabar Gold & Diamonds (22K): ₹14,285 per gram
- Malabar Gold & Diamonds (24K): ₹15,584 per gram
- Tanishq (22K): ₹14,330 per gram
- Tanishq (24K): ₹15,633 per gram (estimated)
These slight variations among retailers are typically a result of brand-specific pricing strategies, procurement costs, and localized market dynamics, even as broader bullion trends guide overall price movements.