Gold Rate in India Today, September 22, 2026: Prices Ease After Monday’s Sharp Rally, Jewellery Stocks Buck the Trend

New Delhi, Sept 22: Gold prices in India pulled back on Tuesday, giving up a slice of Monday’s sharp gains in a broadly uniform retreat across the country. The national 24 karat gold rate (99.9% purity) eased to ₹1,54,750 per 10 grams, 22 karat gold (91.6% purity) slipped to ₹1,41,850 per 10 grams, and 18 karat gold moved down to ₹1,16,060 per 10 grams in most cities. That’s a decline of roughly ₹930 per 10 grams in 24K gold from Monday’s ₹1,55,680, a pullback of about 0.60%, following a session that had itself seen gold swing sharply higher within a single hour of trade. All ten cities tracked here posted a decline on Tuesday, with nine of them — Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Kerala, Pune, Vadodara and Ahmedabad — falling by a broadly uniform amount across all three purities, while Chennai’s retreat was marginally sharper on the 18K purity even as its 24K and 22K rates moved in step with the rest of the country. 

Gold has traditionally been viewed as an effective hedge against inflation, and Tuesday’s pullback comes after one of the more volatile stretches of the week, when Monday’s session alone saw the metal swing by roughly ₹2,850 in Chennai within a single hour of 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, particularly after a week as choppy as this one has been. 

Dealers said Tuesday’s retreat reflects a bout of profit-booking after Monday’s sharp climb, rather than any fundamental shift in the underlying demand picture. A firmer US dollar and a modest uptick in Treasury yields took some of the wind out of gold’s sails overnight, traders said, reversing part of the tailwind that had driven prices higher a day earlier. Unlike Monday, when Chennai’s pricing swung wildly out of step with the rest of the country before snapping back within the hour, Tuesday’s session has so far been comparatively orderly, with every city moving in the same direction by a broadly similar amount — a welcome return to predictability after a week defined by unusual city-level divergences. 

Physical demand at the jewellery counter has continued to build through the week, jewellers said, with the festive season now in full swing following Ganesh Chaturthi earlier this month. Retailers reported steady footfall for coins, light everyday jewellery and wedding-season pieces alike, and some noted that Tuesday’s modest pullback in prices could actually draw in price-sensitive buyers who had held off during Monday’s sharp run-up. With Navratri and Diwali still weeks away, jewellers said they expect demand to keep climbing through the coming fortnight regardless of these day-to-day swings in bullion prices. 

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 Monday (Sept 21) against Tuesday’s (Sept 22) rates for 10 major cities, quoted per 10 grams for 24K, 22K and 18K gold. Every city posted a decline on Tuesday. Nine cities show a broadly uniform pullback across all three purities — roughly ₹930 for 24K, ₹850 for 22K and ₹700 for 18K. Chennai’s 24K and 22K rates fell by the same ₹930 and ₹850 as the rest of the country, but its 18K rate dropped by a sharper ₹850, narrowing its outsized premium slightly even as it remains the widest gap of the week. 

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

City	Mon, Sep 21	Tue, Sep 22	Diff
Chennai	₹1,55,680	₹1,54,750	-₹930
Mumbai	₹1,55,680	₹1,54,750	-₹930
Delhi	₹1,55,830	₹1,54,900	-₹930
Kolkata	₹1,55,680	₹1,54,750	-₹930
Bangalore	₹1,55,680	₹1,54,750	-₹930
Hyderabad	₹1,55,680	₹1,54,750	-₹930
Kerala	₹1,55,680	₹1,54,750	-₹930
Pune	₹1,55,680	₹1,54,750	-₹930
Vadodara	₹1,55,730	₹1,54,800	-₹930
Ahmedabad	₹1,55,730	₹1,54,800	-₹930

Source: goodreturns.in/gold-rates 

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

City	Mon, Sep 21	Tue, Sep 22	Diff
Chennai	₹1,42,700	₹1,41,850	-₹850
Mumbai	₹1,42,700	₹1,41,850	-₹850
Delhi	₹1,42,850	₹1,42,000	-₹850
Kolkata	₹1,42,700	₹1,41,850	-₹850
Bangalore	₹1,42,700	₹1,41,850	-₹850
Hyderabad	₹1,42,700	₹1,41,850	-₹850
Kerala	₹1,42,700	₹1,41,850	-₹850
Pune	₹1,42,700	₹1,41,850	-₹850
Vadodara	₹1,42,750	₹1,41,900	-₹850
Ahmedabad	₹1,42,750	₹1,41,900	-₹850

Source: goodreturns.in/gold-rates 

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

City	Mon, Sep 21	Tue, Sep 22	Diff
Chennai	₹1,20,400	₹1,19,550	-₹850
Mumbai	₹1,16,760	₹1,16,060	-₹700
Delhi	₹1,16,910	₹1,16,210	-₹700
Kolkata	₹1,16,760	₹1,16,060	-₹700
Bangalore	₹1,16,760	₹1,16,060	-₹700
Hyderabad	₹1,16,760	₹1,16,060	-₹700
Kerala	₹1,16,760	₹1,16,060	-₹700
Pune	₹1,16,760	₹1,16,060	-₹700
Vadodara	₹1,16,810	₹1,16,110	-₹700
Ahmedabad	₹1,16,810	₹1,16,110	-₹700

Source: goodreturns.in/gold-rates 

As the tables show, Chennai’s 18K rate has eased to ₹1,19,550 per 10 grams, narrowing its premium over Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune — now at ₹1,16,060 — to roughly ₹3,490, down slightly from Monday’s roughly ₹3,640 gap but still comfortably the widest spread recorded so far this week. Delhi’s 18K rate, at ₹1,16,210, continues to sit about ₹150 above Mumbai’s level, the same modest and consistent premium that has held through every session this week regardless of the sharper swings seen elsewhere. Market participants said Tuesday’s clean, broadly uniform pullback across nine of the ten cities is itself a reassuring sign after Monday’s unusual volatility, though Chennai’s still-elevated 18K premium suggests the city’s pricing has not yet fully normalised. 

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 Tuesday’s Pullback 

Overnight moves in global bullion markets were the primary driver behind Tuesday’s retreat, dealers said, with spot gold prices internationally easing back from Monday’s highs as profit-taking set in after a strong run. A firmer US dollar made gold marginally more expensive for holders of other currencies, analysts noted, while a modest rise in Treasury yields reduced some of the appeal of holding a non-yielding asset like gold. Traders said the pullback looks like a routine consolidation after a sharp move rather than the start of a deeper correction, though they cautioned that gold’s recent pattern of large single-session and even single-hour swings means further volatility cannot be ruled out in the days ahead. Global cues through the rest of the week, including any fresh commentary from major central banks, are likely to determine whether Tuesday’s dip proves temporary or extends into a longer pullback. 

Jewellery Stocks Today 

Jewellery stocks bucked the trend in gold prices on Tuesday morning, with all four tracked counters trading higher even as bullion itself pulled back nationally. PC Jeweller led the gainers by a wide margin, up 2.81%, followed by Thangamayil Jewellery, up 2.73%, and Titan Company, up 1.43%. Kalyan Jewellers India also advanced, up a more modest 0.66%, rounding out a broadly positive session for the sector. Trading was still underway at the time of writing. 

Jewellery Stocks (Morning Trade) 

Company	Ticker	Price	Change
PC Jeweller	PCJEWELLER	₹13.15	+₹0.36 (+2.81%)
Titan Company	TITAN	₹4,944.50	+₹69.50 (+1.43%)
Kalyan Jewellers India	KALYANKJIL	₹585.35	+₹3.85 (+0.66%)
Thangamayil Jewellery	THANGAMAYL	₹5,065.00	+₹134.50 (+2.73%)

Source: NSE 

PC Jeweller opened flat at its previous close of ₹12.79, dipped briefly to a low of ₹12.71, then rallied sharply through the rest of the morning to a fresh high of ₹13.28 before settling around ₹13.15, one of the session’s strongest performers in percentage terms. Titan Company opened at ₹4,876.00, just above its previous close, and climbed steadily through the morning to a high of ₹4,982.00, comfortably crossing the ₹4,950 mark before easing slightly to ₹4,944.50. Kalyan Jewellers India opened at ₹583.85, dipped briefly to a low of ₹580.15, then advanced steadily through the session to a high of ₹587.40 before settling near ₹585.35. Thangamayil Jewellery opened sharply higher at ₹4,965.00 and extended its gains through the morning to a high of ₹5,140.00, comfortably clearing the ₹5,000 mark, before easing back to ₹5,065.00 by the time of writing. 

Market watchers said Tuesday’s uniformly stronger session among jewellery counters, even as gold’s own national rate pulled back, suggests the sector is currently trading on its own momentum rather than tracking bullion prices closely. Dealers pointed to PC Jeweller’s continued strength as the standout theme of the week, extending gains seen in recent sessions, while Thangamayil Jewellery’s sharp rebound stood out after the stock had been one of the week’s weaker performers just a day earlier. Analysts said the divergence between a softer gold market and a broadly stronger jewellery sector on Tuesday reinforces the view that individual stock catalysts, rather than the price of the underlying metal, are currently the dominant driver of sentiment across the sector.