Gold Rate in India Today, September 16, 2026: Prices Edge Up ₹270 per 10 gm on Wednesday

New Delhi, Sept 16: Gold prices in India edged higher on Wednesday, extending Tuesday’s modest gain into a second straight session. The national 24 karat gold rate (99.9% purity) rose to ₹1,53,440 per 10 grams, 22 karat gold (91.6% purity) climbed to ₹1,40,650 per 10 grams, and 18 karat gold moved up to ₹1,15,080 per 10 grams in most cities. That marks a gain of ₹270 per 10 grams in 24K gold since Tuesday’s ₹1,53,170, a ₹250 rise in 22K gold, and roughly a ₹200 increase in 18K gold — a fractional advance of about 0.18% across purities on the day. 

Gold has traditionally been viewed as an effective hedge against inflation, and Wednesday’s steady climb comes on the back of two consecutive sessions of gains after last week’s choppy trade. Buyers looking to purchase gold can refer to a Gold Rate Calculator to determine the expected final billed price at the jeweller’s counter, based on their desired purchase quantity and taking into account making charges, wastage and applicable GST. Figures stated here are indicative national averages aggregated from trusted jewellers across the country and updated multiple times through the trading day; expect actual prices at the jewellery counter to vary slightly between different retailers. 

Dealers said Wednesday’s rise builds on the mild uptick seen a day earlier, with overseas buying interest continuing to firm up gradually rather than in any sharp burst. A steady-to-soft US dollar and largely range-bound Treasury yields kept offering gold quiet support, traders said, with the metal’s advance staying measured rather than turning into a rally. Market participants described the tone as cautiously constructive, with dealers now watching for confirmation that the two-day climb marks the start of a fresh leg higher rather than another short-lived bounce. 

Physical demand at the jewellery counter has continued to build through the week, jewellers said, with the festive season now in full swing following Monday’s Ganesh Chaturthi. Retailers reported steady footfall for coins, light everyday jewellery and wedding-season pieces alike. With Navratri and Diwali still weeks away, jewellers said they expect demand to keep climbing through the coming fortnight, even as bullion prices themselves continue to move session to session. 

India fetches daily nationwide gold rates from designated dealer forums in each city, compiled and published here each morning. These rates are subject to change by the time you arrive at a jewellery or bullion dealer later in the day, so confirm the price your jeweller will offer before making a purchase. 

City-Wise Gold Rates: Yesterday vs Today 

The tables below list gold rates from Tuesday (Sept 15) against Wednesday’s (Sept 16) rates for 10 major cities, quoted per 10 grams for 24K, 22K and 18K gold. The 24K and 22K tables show complete uniformity, with every city posting an identical rise of ₹270 for 24K and ₹250 for 22K. The 18K table is nearly as uniform: Chennai rose ₹240, a touch ahead of the ₹200 increase posted by all nine other cities. 

24K Gold — 10 Major Cities (per 10 gm) 

City	Tue, Sep 15	Wed, Sep 16	Diff
Chennai	₹1,53,170	₹1,53,440	+₹270
Mumbai	₹1,53,170	₹1,53,440	+₹270
Delhi	₹1,53,320	₹1,53,590	+₹270
Kolkata	₹1,53,170	₹1,53,440	+₹270
Bangalore	₹1,53,170	₹1,53,440	+₹270
Hyderabad	₹1,53,170	₹1,53,440	+₹270
Kerala	₹1,53,170	₹1,53,440	+₹270
Pune	₹1,53,170	₹1,53,440	+₹270
Vadodara	₹1,53,220	₹1,53,490	+₹270
Ahmedabad	₹1,53,220	₹1,53,490	+₹270

Source: goodreturns.in/gold-rates 

22K Gold — 10 Major Cities (per 10 gm) 

City	Tue, Sep 15	Wed, Sep 16	Diff
Chennai	₹1,40,400	₹1,40,650	+₹250
Mumbai	₹1,40,400	₹1,40,650	+₹250
Delhi	₹1,40,550	₹1,40,800	+₹250
Kolkata	₹1,40,400	₹1,40,650	+₹250
Bangalore	₹1,40,400	₹1,40,650	+₹250
Hyderabad	₹1,40,400	₹1,40,650	+₹250
Kerala	₹1,40,400	₹1,40,650	+₹250
Pune	₹1,40,400	₹1,40,650	+₹250
Vadodara	₹1,40,450	₹1,40,700	+₹250
Ahmedabad	₹1,40,450	₹1,40,700	+₹250

Source: goodreturns.in/gold-rates 

18K Gold — 10 Major Cities (per 10 gm) 

City	Tue, Sep 15	Wed, Sep 16	Diff
Chennai	₹1,18,100	₹1,18,340	+₹240
Mumbai	₹1,14,880	₹1,15,080	+₹200
Delhi	₹1,15,030	₹1,15,230	+₹200
Kolkata	₹1,14,880	₹1,15,080	+₹200
Bangalore	₹1,14,880	₹1,15,080	+₹200
Hyderabad	₹1,14,880	₹1,15,080	+₹200
Kerala	₹1,14,880	₹1,15,080	+₹200
Pune	₹1,14,880	₹1,15,080	+₹200
Vadodara	₹1,14,930	₹1,15,130	+₹200
Ahmedabad	₹1,14,930	₹1,15,130	+₹200

Source: goodreturns.in/gold-rates 

As the tables show, Chennai’s 18K rate has risen to ₹1,18,340 per 10 grams, widening its premium over Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune — now at ₹1,15,080 — to roughly ₹3,260, a shade wider than Tuesday’s gap. Delhi’s 18K rate, at ₹1,15,230, continues to sit about ₹150 above Mumbai’s level, the same modest premium seen through the week, suggesting Delhi’s 18K pricing remains anchored to its usual pattern. Market participants said the day’s clean, near-uniform rise across cities is itself a small sign of the calmer, steadier mood dealers have been hoping for since last week’s volatility. 

Investors looking to diversify beyond physical gold can also explore the list of Gold ETFs in India, which allow exposure to bullion prices without the need to store physical metal: https://hdfcsky.com/etf/gold-etf 

International Cues Behind the Steady Climb 

Overnight moves in global bullion markets were the primary driver behind Wednesday’s uptick, dealers said, with spot gold prices internationally edging higher in step with the gains seen across Indian cities. A steady-to-soft US dollar made gold marginally cheaper for holders of other currencies, analysts noted, while Treasury yields held largely range-bound, offering the metal quiet support without triggering a sharp rally. Currency movements played a limited role domestically, with the rupee trading in a narrow band against the dollar. Traders said upcoming central bank commentary out of the US remains the key event to watch, with the potential to determine whether gold’s calmer, steadier tone holds into the back half of the week or gives way to renewed volatility. 

Jewellery Stocks Today 

Jewellery stocks were broadly weaker on Wednesday morning, even as gold itself posted a second straight day of gains, continuing the sector’s recent pattern of moving somewhat independently of bullion prices. PC Jeweller led the decliners by a wide margin, down 7.29%, followed by Thangamayil Jewellery, off 2.38%, and Kalyan Jewellers India, down 2.09%. Titan Company was the lone gainer among the four counters, up a modest 0.34%, holding steady even as its peers slipped. Trading was still underway at the time of writing. 

Jewellery Stocks (Morning Trade) 

Company	Ticker	Price	Change
PC Jeweller	PCJEWELLER	₹11.95	-₹0.94 (-7.29%)
Titan Company	TITAN	₹4,872.50	+₹16.50 (+0.34%)
Kalyan Jewellers India	KALYANKJIL	₹591.55	-₹12.65 (-2.09%)
Thangamayil Jewellery	THANGAMAYL	₹4,795.00	-₹117.00 (-2.38%)

Source: NSE 

PC Jeweller was by far the session’s steepest faller, opening flat at its previous close of ₹12.89 before sliding sharply through the first half hour to a low of ₹11.81, and holding near those depressed levels into late morning without any meaningful recovery. Titan Company opened above its previous close at ₹4,880.00 and traded in a narrow band through the morning, dipping briefly toward ₹4,845.00 before climbing back to a fresh session high near ₹4,895.00 and settling around ₹4,872.50. Kalyan Jewellers India opened higher at ₹606.90, pushed up to an early high of ₹611.80, then reversed steadily through the morning to a low of ₹590.95 before a slight late bounce to ₹591.55. Thangamayil Jewellery opened at ₹4,900.00, dipped and recovered in choppy trade through the first hour, then slid to a low of ₹4,783.50 before a modest late recovery, remaining one of the session’s weaker performers. 

Market watchers said Wednesday’s broadly weaker session among jewellery counters, despite gold’s own steady rise, suggests company-specific factors are once again outweighing the underlying metal’s price action. Dealers pointed to PC Jeweller’s sharp 7.29% slide as the standout move of the morning, a far steeper drop than its peers, while Titan’s resilience amid an otherwise soft sector pointed to continued confidence in the larger, more diversified counter. Analysts said the divergence within the sector reinforces the view that jewellery stocks are currently trading more on stock-specific news flow and profit-booking than on any single narrative tied to bullion prices.