Gold and Silver Rates Stable on Janmashtami 2026
On September 4, 2026, coinciding with the Janmashtami festival, gold and silver prices across India showed overall stability in retail markets. On the Multi Commodity Exchange (MCX), gold futures experienced a slight uptick of 0.05%, reaching ₹1,55,701 per 10 grams. Silver futures also saw a minor increase of 0.02%, trading at approximately ₹2,42,391 per kilogram.
Despite these marginal movements in futures, retail prices for both 24-karat and 22-karat gold, and silver, remained largely consistent across major Indian metros. Market observers will be closely monitoring upcoming Non-Farm Payrolls and Unemployment data from Friday for indications regarding the Federal Reserve's policy direction, which could influence precious metal trends.
Retail Gold Prices Across Major Indian Cities
Gold is primarily traded in two purities: 24-karat, considered the purest form, and 22-karat, which is commonly preferred for jewelry due to its enhanced strength and durability from alloyed metals. Here are the indicative retail rates for 10 grams of gold on September 4, 2026:
- Delhi: 24K at ₹1,55,510 | 22K at ₹1,42,560
- Mumbai: 24K at ₹1,55,360 | 22K at ₹1,42,410
- Bengaluru: 24K at ₹1,55,360 | 22K at ₹1,42,410
- Kolkata: 24K at ₹1,55,360 | 22K at ₹1,42,410
- Hyderabad: 24K at ₹1,55,360 | 22K at ₹1,42,410
- Chennai: 24K at ₹1,55,360 | 22K at ₹1,42,410
Silver Rates in Key Indian Metros
Silver prices also maintained a consistent trend across the country on Janmashtami. The following are the retail silver rates per 100 grams and per kilogram:
- Delhi: ₹25,510 per 100gm | ₹2,55,100 per kg
- Mumbai: ₹25,510 per 100gm | ₹2,55,100 per kg
- Bengaluru: ₹25,510 per 100gm | ₹2,55,100 per kg
- Kolkata: ₹25,510 per 100gm | ₹2,55,100 per kg
- Hyderabad: ₹25,510 per 100gm | ₹2,55,100 per kg
- Chennai: ₹25,510 per 100gm | ₹2,55,100 per kg
Leading Jewellers' Rates
Major jewelry retailers reported largely stable gold prices on September 4, 2026. Joyalukkas and Malabar Gold & Diamonds both quoted 22K gold at ₹14,240 per gram across several Indian states. Malabar's 24-carat gold was priced at ₹15,535 per gram, while Tanishq offered 22K gold at ₹14,285 per gram and an estimated 24K rate of ₹15,584 per gram.
Minor variations in retail prices among jewelers often stem from brand-specific pricing strategies, procurement expenses, and local market conditions, though the broader bullion market trends typically guide overall pricing.