On September 19, 2026, gold and silver prices in India largely held steady across various purities. The retail market saw 24-carat gold priced at ₹1,54,940 per 10 grams, with 22-carat gold widely used for jewelry also showing consistent rates. Silver, a key industrial and investment metal, was listed at ₹2,41,900 per kilogram.
Current Retail Gold & Silver Rates Across Major Indian Cities
Despite the overall stability in retail prices, futures trading on the Multi Commodity Exchange (MCX) showed some movement. Gold futures experienced an increase of 0.84%, reaching ₹1,54,263 per 10 grams, while silver futures also saw a modest rise of 0.16% to approximately ₹2,42,000 per kilogram.
Gold Rates (per 10 gm)
- Delhi: 24K at ₹1,54,390; 22K at ₹1,41,524
- Mumbai: 24K at ₹1,54,660; 22K at ₹1,41,772
- Bengaluru: 24K at ₹1,54,780; 22K at ₹1,41,882
- Kolkata: 24K at ₹1,54,460; 22K at ₹1,41,588
- Hyderabad: 24K at ₹1,54,910; 22K at ₹1,42,001
- Chennai: 24K at ₹1,55,110; 22K at ₹1,42,184
Silver Rates (per kg)
- Delhi: ₹2,41,040
- Mumbai: ₹2,41,040
- Bengaluru: ₹2,41,040
- Kolkata: ₹2,41,040
- Hyderabad: ₹2,41,040
- Chennai: ₹2,41,040
Factors Influencing Precious Metal Prices
The pricing of gold and silver in India is a complex interplay of several global and domestic factors. International gold prices play a significant role, as do fluctuations in the US Dollar exchange rate against the Indian Rupee. Domestically, demand for jewelry, particularly ahead of the festive season, also heavily influences retail rates.
Leading Jewellers' Rates Remain Consistent
Major jewellery retailers across India also reported stable prices for September 19, 2026. Joyalukkas and Malabar Gold & Diamonds both quoted 22K gold at ₹14,155 per gram. Tanishq's 22K gold rate was slightly higher at ₹14,200 per gram. For 24-carat gold, Malabar Gold & Diamonds offered ₹15,442 per gram, while Tanishq's rate stood at ₹15,491 per gram.
Why Retail Prices May Differ Slightly
While overall bullion trends provide a general guideline, marginal differences in retail prices among jewellers can be attributed to brand-specific pricing policies, varying procurement costs, and unique regional market conditions. However, the broader market stability tends to keep these variations minimal on any given day.