NEW DELHI: Precious metal markets maintained a stable trajectory on Wednesday, September 23, 2026, with both gold and silver prices holding steady across major trading hubs in the country. As retail buyers and investors monitor market movements ahead of the upcoming festive and wedding seasons, bullion rates continue to reflect a blend of domestic demand and global cues.

In the national capital and most major markets, the price of 24-carat gold stood at approximately ₹1,53,320 per 10 grams, while 22-carat gold (commonly used for standard jewelry) traded at ₹1,40,540 per 10 grams. Meanwhile, silver maintained a firm footing, retailing at approximately ₹2,49,900 per kilogram.

City-Wise Breakdown of Gold and Silver Rates

Retail prices vary slightly across different regions due to local taxes, transportation costs, and state-level levies. Here is a snapshot of how precious metals are trading in key Indian cities:

  • New Delhi: 24K Gold stands at ₹1,53,320 per 10g; 22K Gold at ₹1,40,540 per 10g; Silver at ₹2,49,900 per kg.

  • Mumbai: 24K Gold trades at ₹1,53,320 per 10g; 22K Gold at ₹1,40,540 per 10g; Silver at ₹2,49,900 per kg.

  • Kolkata: 24K Gold is priced at ₹1,53,320 per 10g; 22K Gold at ₹1,40,540 per 10g; Silver at ₹2,49,900 per kg.

  • Chennai: 24K Gold touches ₹1,54,740 per 10g; 22K Gold is priced at ₹1,41,840 per 10g; Silver is available at ₹2,54,900 per kg.

  • Bengaluru: 24K Gold stands at ₹1,53,320 per 10g; 22K Gold at ₹1,40,540 per 10g; Silver at ₹2,49,900 per kg.

MCX Trends and Global Triggers

On the Multi Commodity Exchange (MCX), futures trading mirrored the spot market stability. Gold futures recorded minor downward ticks, while silver futures saw a modest gain, signaling sustained industrial and retail interest. Market analysts note that international bullion trends, currency fluctuations involving the US Dollar, and localized festival demand remain the primary drivers dictating price shifts.

A Note for Buyers

Consumers planning to purchase physical gold or silver jewelry should keep in mind that the base bullion rates do not include making charges, wastage fees, and the 3% Goods and Services Tax (GST). Experts advise buyers to request a complete price breakdown from their jewelers to ensure transparent pricing before finalizing transactions.