Gold and silver prices in India remained largely stable across major purities on September 16, 2026. The retail price of gold stood at ₹1,53,160 per 10 grams, while silver was priced at ₹2,44,900 per kilogram.
On the Multi Commodity Exchange (MCX), gold futures were trading 0.06% lower at ₹1,50,723 per 10 grams. Silver futures were also down 0.04%, trading at around ₹2,32,036 per kilogram at the time of writing.
Gold Price in Major Indian Cities
Retail gold is primarily sold in 24-carat and 22-carat purity. While 24K represents the highest purity, 22K gold is commonly used for jewellery because the addition of alloyed metals makes it stronger and more durable.
Gold prices are influenced by international bullion rates, movements in the US dollar exchange rate and domestic demand. Jewellery demand can also increase ahead of the festive season.
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) |
|---|---|---|
| Delhi | ₹1,53,310 | ₹1,40,540 |
| Mumbai | ₹1,53,160 | ₹1,40,390 |
| Bengaluru | ₹1,53,160 | ₹1,40,390 |
| Kolkata | ₹1,53,160 | ₹1,40,390 |
| Hyderabad | ₹1,53,160 | ₹1,40,390 |
| Chennai | ₹1,53,160 | ₹1,40,390 |
Silver Price in Major Cities
Silver prices also showed limited variation across the cities listed. In Delhi, Mumbai and Bengaluru, silver was priced at ₹2,44,900 per kilogram. Kolkata, Hyderabad and Chennai recorded a higher rate of ₹2,49,900 per kilogram.
| City | Silver (₹/100g) | Silver (₹/kg) |
|---|---|---|
| Delhi | ₹24,490 | ₹2,44,900 |
| Mumbai | ₹24,490 | ₹2,44,900 |
| Bengaluru | ₹24,490 | ₹2,44,900 |
| Kolkata | ₹24,990 | ₹2,49,900 |
| Hyderabad | ₹24,990 | ₹2,49,900 |
| Chennai | ₹24,990 | ₹2,49,900 |
Gold Rates at Leading Jewellers
Gold prices at major jewellery retailers were largely stable on September 14, 2026. Joyalukkas and Malabar Gold & Diamonds were quoting ₹14,040 per gram for 22K gold across the listed major Indian states.
Malabar Gold & Diamonds’ 24K gold rate was ₹15,284 per gram, while Tanishq’s 22K rate stood at ₹14,085 per gram. Tanishq’s 24K rate was ₹15,365 per gram.
| Jeweller | Purity | Rate (₹/gram) |
|---|---|---|
| Joyalukkas | 22K | ₹14,040 |
| Malabar Gold & Diamonds | 22K | ₹14,040 |
| Malabar Gold & Diamonds | 24K | ₹15,284 |
| Tanishq | 22K | ₹14,085 |
| Tanishq | 24K* | ₹15,365 |
*The 24K Tanishq rate is estimated based on the prevailing purity premium over 22K gold.
Joyalukkas 22K Gold Rate by State
Joyalukkas’ 22K gold rate was ₹14,040 per gram across the listed states, including Andhra Pradesh, Delhi, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Punjab and Tamil Nadu.
Overall, gold and silver prices remained relatively steady on September 16, while MCX futures recorded marginal declines. Consumers planning to purchase jewellery or bullion should check the applicable retail rate before making a purchase, as prices can vary by location and jeweller.