Gold and silver prices continued to decline on Tuesday, September 29, 2026, following a sharp fall in the previous trading session. The precious metals market witnessed a notable correction on Monday, September 28, when gold prices dropped by up to ₹4,000 and silver declined by as much as ₹7,500.
The fall in gold prices comes just days before the Navratri festival, when demand for gold and jewellery generally receives attention from buyers. However, precious metal prices can move in either direction depending on market conditions, making their short-term movement difficult to predict.
MCX Gold Price Today
Gold prices opened lower on Tuesday on the Multi Commodity Exchange (MCX). In early trading, 24-carat gold declined by 0.04%, or ₹53, to ₹148,844 per 10 grams. The previous trading session had ended with gold at ₹148,897 per 10 grams.
The decline continued later in the session. At 10:01 AM on September 29, the MCX price of 24-carat gold for October 5, 2026 delivery stood at ₹145,921 per 10 grams, down 0.60%.
Compared with the previous closing price of ₹148,897 per 10 grams, the rate was lower by ₹2,976.
City-Wise Gold Rates Today
Gold prices can vary slightly between cities. The rates listed below are for 10 grams and cover 24-carat, 22-carat and 18-carat gold.
| City | 24-Carat | 22-Carat | 18-Carat |
|---|---|---|---|
| Delhi | ₹148,950 | ₹136,550 | ₹111,750 |
| Mumbai | ₹148,800 | ₹136,400 | ₹111,600 |
| Kolkata | ₹148,800 | ₹136,400 | ₹111,600 |
| Chennai | ₹149,080 | ₹136,650 | ₹114,350 |
| Patna | ₹148,850 | ₹136,450 | ₹111,650 |
| Lucknow | ₹148,950 | ₹136,550 | ₹111,750 |
| Ayodhya | ₹148,950 | ₹136,550 | ₹111,750 |
| Meerut | ₹148,950 | ₹136,550 | ₹111,750 |
| Kanpur | ₹148,950 | ₹136,550 | ₹111,750 |
| Varanasi | ₹148,950 | ₹136,550 | ₹111,750 |
| Ghaziabad | ₹148,950 | ₹136,550 | ₹111,750 |
| Noida | ₹148,950 | ₹136,550 | ₹111,750 |
| Gurugram | ₹148,950 | ₹136,550 | ₹111,750 |
| Chandigarh | ₹148,950 | ₹136,550 | ₹111,750 |
| Jaipur | ₹148,950 | ₹136,550 | ₹111,750 |
Gold and Silver Prices Remain Volatile
The latest movement shows continued volatility in precious metal prices. Gold recorded a substantial decline on September 28 and remained under pressure during trading on September 29. Silver also registered a sharp fall of up to ₹7,500 on Monday.
Buyers planning to purchase gold jewellery should note that retail jewellery prices can differ from market rates because of factors such as purity and applicable making charges. The rates mentioned above are the prices provided for the respective cities and may change as market conditions move.
Disclaimer
The gold and silver prices mentioned in this article are based on the rates provided for September 29, 2026, and are subject to market fluctuations. Prices may vary by city, jeweller, purity, taxes and making charges. Readers should verify the latest rates with a trusted jeweller or relevant market source before making any purchase or investment decision.