24K gold at ₹15,268 per gram, while 22K and 18K gold stand at ₹13,995 and ₹11,451 respectively
New Delhi : Gold prices in India moved lower on Thursday, with 18K, 22K and 24K gold rates declining from the previous day’s levels. The fall comes as global gold prices remain under pressure amid movements in the US dollar, interest-rate expectations and profit-booking following the metal’s strong rally.
According to the indicative market rates available for September 24, 24K gold is priced at around ₹15,268 per gram, while 22K gold is available at approximately ₹13,995 per gram. The rate for 18K gold stands at around ₹11,451 per gram.
The rates represent indicative average retail prices and may vary between cities and jewellery stores.
Gold Rate Today in India
| Gold Purity | Price per Gram | Price per 10 Grams | Approx. Daily Change |
|---|---|---|---|
| 24K (99.9%) | ₹15,268 | ₹1,52,680 | ▼ ₹152 |
| 22K (91.6%) | ₹13,995 | ₹1,39,950 | ▼ ₹140 |
| 18K (75%) | ₹11,451 | ₹1,14,510 | ▼ ₹114 |
Jewellery buyers should note that the final purchase price can be higher because of making charges, 3% GST and other applicable local charges. Retail rates may also vary from one jeweller to another.
City-Wise Gold Rates on September 24
| City | 24K Gold/gm | 22K Gold/gm | 18K Gold/gm |
|---|---|---|---|
| Mumbai | ₹15,268 | ₹13,995 | ₹11,451 |
| Delhi | ₹15,283 | ₹14,010 | ₹11,466 |
| Chennai | ₹15,419 | ₹14,134 | ₹11,904 |
| Bengaluru | ₹15,268 | ₹13,995 | ₹11,451 |
| Kolkata | ₹15,268 | ₹13,995 | ₹11,451 |
| Hyderabad | ₹15,268 | ₹13,995 | ₹11,451 |
Among the cities listed above, Chennai has the highest indicative rates across the three purity categories.
Why Are Gold Prices Falling?
Gold has remained under pressure after its strong gains earlier in the year. Several factors are influencing the market, including:
- Global gold-price movements: International bullion prices have weakened in recent sessions.
- US dollar movements: A relatively stronger dollar can put pressure on gold because international gold prices are largely denominated in US dollars.
- Interest-rate expectations: Changing expectations around US monetary policy continue to influence investor demand for non-yielding assets such as gold.
- Profit-booking: Investors may book profits following the substantial rally recorded by gold earlier in the year.
Despite the recent correction, gold remains substantially higher than its levels a year ago, according to market data cited in recent reports.
Silver prices have also come under pressure, with some domestic markets reporting a decline of around ₹5 per gram.
What Gold Buyers Should Know
For jewellery buyers, 22K gold remains a commonly preferred purity for traditional jewellery in India. However, the quoted gold rate is not the final amount payable because making charges and taxes are added to the transaction.
Investors can also consider different forms of gold exposure, including physical gold and gold exchange-traded funds, depending on their investment objectives and risk considerations.
Gold prices can change during the day in response to international bullion prices, currency movements and domestic market conditions. Rates quoted by jewellers may therefore differ from indicative morning or average market rates.
With the festive and wedding season approaching, domestic demand could remain an important factor for the Indian gold market. However, short-term prices will continue to be influenced by global market developments.
Disclaimer: The prices mentioned above are indicative market rates and may vary by city, jeweller and time of purchase. Making charges, GST and other applicable charges are not included unless specifically stated. Buyers should verify the prevailing rate with their jeweller before making a purchase.
