Gold and silver prices across India showed stability on September 27, 2026, with only minor fluctuations in futures trading. This steadiness was observed across various purities, including 24-carat, 22-carat, and 18-carat gold, as well as silver rates in key metropolitan areas.
Benchmark Rates and Market Performance
As of September 27, 2026, benchmark rates for 24-carat gold were recorded at ₹1,51,460 per 10 grams. Silver prices maintained a firm stance at ₹2,35,050 per kilogram across the country.
On the Multi Commodity Exchange (MCX), gold futures experienced a slight dip of 0.12%, trading at ₹1,50,700 per 10 grams. Conversely, silver futures saw a modest increase of 0.65%, reaching approximately ₹2,35,000 per kilogram during the trading session.
Understanding Retail Gold and Silver Purchases
In the physical retail market, consumers primarily purchase gold in two purities: 24-karat and 22-karat. While 24-karat represents pure gold, 22-karat is the preferred choice for crafting jewellery due to its enhanced durability achieved by mixing with other alloys.
Several factors influence the final retail price of precious metals in India. These include a standard 3% Goods and Services Tax (GST) on the metal's value, an additional 5% GST on jewellery making charges, import duties, and local transport surcharges. These elements contribute to regional price variations across different states.
City-Wise Gold and Silver Rates (September 27, 2026)
Gold Rates (per 10 gm)
- Delhi: 24K - ₹1,50,920 | 22K - ₹1,38,343
- Mumbai: 24K - ₹1,51,180 | 22K - ₹1,38,582
- Bengaluru: 24K - ₹1,51,300 | 22K - ₹1,38,692
- Kolkata: 24K - ₹1,50,980 | 22K - ₹1,38,398
- Hyderabad: 24K - ₹1,51,420 | 22K - ₹1,38,802
- Chennai: 24K - ₹1,51,620 | 22K - ₹1,38,985
Silver Rates (per kg)
- Delhi: ₹2,34,220
- Mumbai: ₹2,34,220
- Bengaluru: ₹2,34,220
- Kolkata: ₹2,34,220
- Hyderabad: ₹2,34,220
- Chennai: ₹2,34,220
Leading Jeweller Prices
Major retail chains, including Joyalukkas and Malabar Gold & Diamonds, maintained consistent pricing for 22K gold at ₹13,995 per gram across most states. Tanishq listed its 22K gold rate slightly higher at ₹14,040 per gram. For 24-carat gold, Malabar quoted ₹15,267 per gram, while Tanishq was at ₹15,316 per gram.
Selected Jeweller Rates (per gram)
- Joyalukkas (22K): ₹13,995
- Malabar Gold & Diamonds (22K): ₹13,995
- Malabar Gold & Diamonds (24K): ₹15,267
- Tanishq (22K): ₹14,040
- Tanishq (24K): ₹15,316
Minor variations in retail rates among brands typically arise from differing store-level pricing structures, inventory acquisition costs, and regional logistics, even as global commodity trends dictate the broader market direction.