Gold and silver prices remained in focus on September 16, 2026, as investors watched global market trends and looked ahead to the US Federal Reserve’s upcoming decision. At the India level, 24K gold was priced at ₹1,51,350 per 10 grams, while the rate for 22K gold stood at ₹1,38,738 per 10 grams.
Bullion prices have experienced volatility in recent weeks. Gold has fallen by more than 3% over the past month, although it continues to trade considerably above its level from a year earlier. Investors are closely tracking international gold prices, interest-rate expectations and currency movements for further direction.
Gold Price Today: City-Wise Rates
Gold prices can vary slightly across cities. Among the six major cities listed, Chennai recorded the highest 24K gold price on September 16 at ₹1,51,510 per 10 grams. Delhi had the lowest rate at ₹1,50,810 per 10 grams.
For 22K gold, Mumbai recorded the highest price at ₹1,39,481 per 10 grams, while Delhi had the lowest at ₹1,38,243.
| City | 22K Gold (₹/10g) | 24K Gold (₹/10g) | Silver (₹/1kg) |
|---|---|---|---|
| Delhi | ₹1,38,243 | ₹1,50,810 | ₹2,31,880 |
| Mumbai | ₹1,39,481 | ₹1,51,070 | ₹2,31,880 |
| Kolkata | ₹1,38,298 | ₹1,50,870 | ₹2,31,880 |
| Chennai | ₹1,38,884 | ₹1,51,510 | ₹2,31,880 |
| Bengaluru | ₹1,38,591 | ₹1,51,190 | ₹2,31,880 |
| Hyderabad | ₹1,38,701 | ₹1,51,310 | ₹2,31,880 |
Silver Price Today
Silver 999 fine was priced at ₹2,31,880 per kilogram on September 16, while 925 sterling silver stood at ₹2,14,489 per kilogram.
Like gold, silver has also declined by more than 3% over the past month. However, the metal continues to record substantial gains compared with its price a year ago.
What Is Driving Gold and Silver Prices
Several factors influence the prices of precious metals, including international bullion rates, currency movements, investor demand, interest-rate expectations and broader economic conditions.
The upcoming US Federal Reserve decision is being closely watched by bullion investors. Changes in expectations around interest rates can influence demand for assets such as gold, which does not generate interest income.
Jewellery Prices Can Be Higher
The quoted gold rate is not necessarily the final price consumers will pay when purchasing jewellery. Making charges, GST and other applicable costs can add to the total bill. Prices may also differ between jewellers depending on local market conditions.
With gold trading around ₹1.5 lakh per 10 grams and silver remaining above ₹2.3 lakh per kilogram, consumers are keeping a close watch on daily price movements. Checking the latest city-wise rates before visiting a jeweller can help buyers understand the prevailing bullion prices.