Gold Rate Today, September 18, 2026: Gold Rises 0.80%; Check 24K, 22K and 18K Prices in Delhi, Mumbai, Chennai

Yugcharan News / 18-09-2026

Gold prices in India moved higher on Friday, September 18, with domestic rates rising 0.80% compared with the previous close. The price of 24-carat gold stood at ₹154,660 per 10 grams, up ₹1,230 from the previous close, while 22-carat gold was priced at ₹141,772 per 10 grams. The 18-carat rate stood at ₹115,995 per 10 grams.

The latest movement in gold prices comes amid changes in international bullion markets, currency movements and shifting expectations around US monetary policy. A weaker US dollar and easing crude oil prices supported demand for gold, while the broader interest-rate environment continued to limit some of the upside for the non-yielding asset.

Gold Prices in India on September 18

According to the latest market data, gold prices across major Indian cities remained above ₹1.54 lakh per 10 grams for 24-carat gold.

The national reference rate cited in the report showed the following prices:

• 24-carat gold: ₹154,660 per 10 grams, up ₹1,230 or 0.80%
• 22-carat gold: ₹141,772 per 10 grams, up ₹1,127.50 or 0.80%
• 18-carat gold: ₹115,995 per 10 grams, up ₹922.50 or 0.80%

Gold prices can differ from one city to another because of variations in local taxes, transportation and logistics costs, as well as jewellers’ pricing and making charges.

Gold Rate in Major Indian Cities

Mumbai recorded a 24-carat gold price of ₹154,660 per 10 grams, while 22-carat gold was available at ₹141,772 and 18-carat gold at ₹115,995.

In Delhi, 24-carat gold was priced at ₹154,310 per 10 grams. The corresponding prices for 22-carat and 18-carat gold were ₹141,451 and ₹115,733 respectively.

Chennai reported one of the higher rates among the major cities, with 24-carat gold at ₹155,020 per 10 grams. Its 22-carat rate stood at ₹142,102, while 18-carat gold was priced at ₹116,265.

Bengaluru recorded 24-carat gold at ₹154,690 per 10 grams, with 22-carat gold at ₹141,799 and 18-carat gold at ₹116,018.

Hyderabad’s 24-carat gold rate was ₹154,820 per 10 grams. The 22-carat and 18-carat rates stood at ₹141,918 and ₹116,115 respectively.

In Kolkata, 24-carat gold was quoted at ₹154,370 per 10 grams, while 22-carat and 18-carat gold were priced at ₹141,506 and ₹115,778.

Ahmedabad and Surat recorded similar prices, with 24-carat gold at ₹154,780 per 10 grams. Their 22-carat rate was ₹141,882 and the 18-carat rate was ₹116,085.

Pune reported 24-carat gold at ₹154,570 per 10 grams, while 22-carat gold stood at ₹141,689 and 18-carat gold at ₹115,928.

Gold Price in India Compared With Dubai

Gold continued to be more expensive in India than in Dubai based on the rates cited in the report.

On September 18, the 24-carat gold price in India was ₹154,660 per 10 grams, compared with ₹136,305 in Dubai. This represented a difference of ₹18,355 per 10 grams, or around 13.47%.

The report noted that 22-carat and 18-carat gold prices in India were also around 13.47% higher than the corresponding Dubai prices.

However, such comparisons do not necessarily represent the final price a buyer would pay. Import duties, taxes, local charges, making charges and other costs can affect the final retail price of jewellery or bullion in both markets.

Why Are Gold Prices Rising Today?

Gold prices recovered after declining to a lower level during the previous session. One of the factors supporting the move was weakness in the US dollar.

Gold is generally traded internationally in US dollars. When the dollar weakens, the metal can become relatively less expensive for investors holding other currencies, potentially supporting demand.

Another factor cited in the market commentary was a decline in crude oil prices. Oil prices fell for a third consecutive session amid reports that Saudi Arabia was seeking to restore flows through its East-West pipeline.

Lower oil prices can ease inflationary pressures, which in turn can influence expectations about interest rates and government bond yields.

US Treasury yields also pulled back from elevated levels, providing another supportive factor for gold. Lower yields can improve the relative appeal of an asset such as gold, which does not generate regular interest income.

US Federal Reserve Rate Decision Remains Important

Despite the latest rise in gold prices, monetary policy remains a major factor for bullion investors.

The US Federal Reserve recently raised interest rates by 25 basis points, and market participants were reported to be assessing the possibility of another rate increase before the end of the year.

Higher interest rates can weigh on gold because the precious metal does not provide an interest or dividend payment. When yields on interest-bearing assets increase, some investors may find them relatively more attractive.

This has created a delicate balance for gold markets. A weaker dollar and lower Treasury yields can support prices, while expectations of further monetary tightening can limit gains.

Gold Outlook for Investors

Market analysts cited in the report expect gold prices to remain relatively range-bound in the near term as investors assess central-bank policy, bond yields and developments in global commodity markets.

Jigar Trivedi, Senior Research Analyst at IndusInd Securities, said MCX Gold October futures could move towards ₹153,400 per 10 grams as prices potentially rebound in global markets.

The near-term direction of gold will continue to depend on several international factors, including movements in the US dollar, Treasury yields, crude oil prices and expectations surrounding Federal Reserve policy.

A rise in Treasury yields could place pressure on gold, while a softer dollar or renewed geopolitical uncertainty could provide support.

What Gold Buyers Should Watch

For retail buyers, the headline gold rate is only one part of the final cost. Jewellery prices also include making charges, taxes and other applicable costs. The rate offered by individual jewellers may therefore differ from the market reference prices.

Investors and consumers also need to distinguish between 24-carat, 22-carat and 18-carat gold. While 24-carat represents higher-purity gold, jewellery is commonly made using lower-purity alloys to provide greater durability and strength.

Gold prices can change several times during a trading session as international markets respond to economic data, currency movements, central-bank decisions and geopolitical developments.

Gold Market Remains Sensitive to Global Developments

The September 18 rise comes at a time when global financial markets are closely watching monetary policy and commodity prices. Gold has remained particularly sensitive to changes in expectations surrounding interest rates because investors continuously reassess the opportunity cost of holding a non-yielding asset.

The movement in crude oil prices is also relevant because energy costs influence inflation expectations across major economies. A sustained decline in oil prices could reduce inflationary pressure, while any sharp increase could complicate monetary-policy decisions.

For Indian consumers, global developments are combined with domestic factors, including currency movements, import costs, taxes and local market conditions. As a result, domestic gold prices may not always move by exactly the same percentage as international bullion prices.

As of the latest update on September 18, 24-carat gold remained around the ₹1.55 lakh-per-10-gram level in several major Indian markets. With the dollar, bond yields, crude oil and central-bank policy continuing to influence bullion trading, investors and buyers will be watching the next set of global market signals closely.