Gold Silver Rate Today: Gold And Silver See Volatility Before Anant Chaturdashi, Check 24K, 22K And 18K Rates

Yugcharan News / 24-09-2026

Gold and silver prices continued to witness volatility in Indian markets on Thursday, September 24, 2026, ahead of Anant Chaturdashi. Precious metal prices have remained sensitive to movements in global markets, the US dollar, interest-rate expectations and geopolitical developments.

On September 24, gold prices in India were trading lower during early market hours, while silver also came under pressure in futures trading. MCX October gold futures were around ₹1.51 lakh per 10 grams, while silver futures were trading above ₹2.34 lakh per kilogram in early trade.

The movement in domestic prices comes as international gold prices also experienced a mild correction. Spot gold was trading around $4,286 per ounce during the early session, while US gold futures remained above $4,300 per ounce. Market participants were closely watching developments in the global economy, currency markets and expectations surrounding US monetary policy.

Gold Prices Under Pressure In Early Trade

Gold prices have witnessed fluctuations in recent sessions after a strong rally over the past year. On Thursday, the domestic futures market recorded a decline as stronger-than-expected US economic data and rising energy prices contributed to expectations that the US Federal Reserve could maintain or potentially tighten its monetary policy to address inflationary pressures.

MCX gold futures for October 5 delivery opened lower on Thursday. According to market data reported during the morning session, the contract was trading at around ₹1,50,980 per 10 grams, down about 0.21 per cent from the previous close.

Another market update placed the October gold contract at around ₹1,50,893 per 10 grams at 9:36 am, representing a decline of about 0.27 per cent. The contract had moved between ₹1,50,774 and ₹1,51,350 during the session up to that point.

Silver also witnessed pressure in the domestic futures market. MCX December silver futures were trading around ₹2,34,598 per kilogram in the morning, down approximately 0.55 per cent from the previous close, according to market data.

Gold Rates In Major Indian Cities

Retail gold prices can differ from one city to another because of local market conditions, taxes, transportation costs and other factors. Rates also vary depending on the purity of the metal.

According to market data available on September 24, the indicative rates for 10 grams of gold in major cities were as follows:

New Delhi: 24K gold was around ₹1,51,100 per 10 grams, while 22K gold was around ₹1,38,508 and 18K gold around ₹1,13,325.

Mumbai: 24K gold was around ₹1,51,360 per 10 grams, while 22K gold was around ₹1,38,747 and 18K gold around ₹1,13,520.

Chennai: 24K gold was around ₹1,51,800 per 10 grams, while 22K gold was around ₹1,39,150 and 18K gold around ₹1,13,850.

Other market trackers reported slightly different retail rates for the same day. For example, one set of data put Mumbai's 24K gold price at ₹1,51,380 per 10 grams and New Delhi's at ₹1,51,120, highlighting the differences that can occur between pricing sources and market quotations.

Consumers should therefore verify the prevailing rate with their jeweller before making a purchase.

Silver Prices Also Remain Volatile

Silver has experienced significant gains over the longer term but has also shown sharp short-term movements.

On September 24, indicative silver prices for one kilogram were around ₹2,33,810 in Delhi, ₹2,34,220 in Mumbai and ₹2,34,900 in Chennai, according to one market update.

Another market source reported a different set of retail quotations, with silver in Mumbai at about ₹2,34,340 per kilogram and New Delhi at approximately ₹2,33,940. Such variations can arise from the source of the price data, timing of the quotation and differences between wholesale, spot and retail markets.

Why Gold And Silver Prices Are Moving

Several international factors are influencing precious metal prices.

The US dollar has remained an important factor for the bullion market. A stronger dollar can put pressure on gold because the metal becomes relatively more expensive for buyers using other currencies.

Interest-rate expectations are another major influence. Gold does not provide interest income, so expectations of higher interest rates can reduce its relative appeal compared with interest-bearing assets. Market participants have therefore been closely monitoring US economic indicators and signals concerning future Federal Reserve policy.

Geopolitical uncertainty, meanwhile, can support demand for precious metals because investors often turn toward assets considered defensive during periods of heightened uncertainty. However, movements in the dollar and interest-rate expectations can offset that support.

Gold Has Recorded Strong Gains Over The Past Year

Despite the short-term correction, gold prices remain significantly higher than their levels a year ago.

According to data cited in a September 24 market report, domestic gold prices have risen by roughly 60 per cent over the past year, moving from approximately ₹98,000 to levels around ₹1.57 lakh per 10 grams at their recent highs. Factors cited for the rise include the international gold rally, movements in the rupee and changes in import duty.

Silver has also recorded a substantial increase over the longer term. Market data showed silver moving from roughly ₹78,600 per kilogram in 2023-24 to levels above ₹2.4 lakh per kilogram in September 2026.

The sharp rise in both metals has increased their importance for Indian consumers and investors, particularly during periods of global economic and geopolitical uncertainty.

Jewellery Buyers Should Check Final Billing Price

The quoted market price of gold does not necessarily represent the final amount a jewellery customer will pay.

Jewellers may add making charges, taxes and GST to the price of an ornament. Consequently, the final bill can be substantially different from the headline market rate for 24K or 22K gold.

Gold purity is also an important consideration. While 24K represents the highest commonly traded purity, 22K gold is widely used for jewellery because it offers greater durability. Eighteen-karat gold contains a higher proportion of alloying metals and is also used for jewellery products.

Customers planning purchases around Anant Chaturdashi should therefore check the day's quoted gold rate, purity, making charges, applicable taxes and the final price before completing a transaction.

With international bullion markets remaining sensitive to the US dollar, interest-rate expectations and geopolitical developments, gold and silver prices could continue to see fluctuations. The rates available at the time of purchase may therefore differ from earlier quotations during the same trading day.