On September 23, 2026, gold and silver prices in India remained broadly stable across key cities. The Multi Commodity Exchange (MCX) saw gold futures dip slightly by 0.02% to ₹1,52,730 per 10 gm, while silver futures registered a modest gain of 0.35%, reaching approximately ₹2,40,735 per kg.
Current Retail Gold and Silver Rates
The retail market reflected these stable trends, with 24-carat gold holding at ₹1,53,320 per 10 gm. Silver, a crucial industrial and investment metal, was priced at ₹2,49,900 per kg. These prices are influenced by a combination of global bullion trends, the exchange rate of the US Dollar, and domestic demand, which often sees an uptick during India's festive season.
Retail pricing for precious metals can vary slightly based on brand-specific policies, procurement costs, and distinct regional market conditions. While 24-carat gold is recognized for its purest form, 22-carat gold is widely preferred for crafting jewellery due to its enhanced strength and durability provided by alloyed metals.
City-Wise Gold Rates (September 23, 2026)
- Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad:
- 24K Gold: ₹1,53,320 per 10 gm
- 22K Gold: ₹1,40,540 per 10 gm
- Chennai:
- 24K Gold: ₹1,54,740 per 10 gm
- 22K Gold: ₹1,41,840 per 10 gm
City-Wise Silver Rates (September 23, 2026)
- Delhi, Mumbai, Bengaluru, Kolkata: ₹2,49,900 per kg
- Hyderabad, Chennai: ₹2,54,900 per kg
Jeweller Prices
Leading jewellers also reported steady rates on September 21, 2026. Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹14,055 per gram across several Indian states. Tanishq's 22K gold rate was slightly higher at ₹14,100 per gram. For 24-carat gold, Malabar Gold & Diamonds listed ₹15,333 per gram, while Tanishq's rate stood at ₹15,382 per gram.
These marginal differences highlight the dynamic nature of the market, where overall bullion trends provide a baseline, but local factors contribute to the final consumer price.