Gold Rate in India Today, September 23, 2026: Prices Extend Pullback for a Second Day

New Delhi, Sept 23: Gold prices in India eased further on Wednesday, extending the pullback that began a day earlier in a broadly uniform decline across the country. The national 24 karat gold rate (99.9% purity) fell to ₹1,54,200 per 10 grams, 22 karat gold (91.6% purity) slipped to ₹1,41,350 per 10 grams, and 18 karat gold moved down to ₹1,15,650 per 10 grams in most cities. That’s a decline of roughly ₹550 per 10 grams in 24K gold from Tuesday’s ₹1,54,750, a pullback of about 0.36%, on top of the ₹930 drop already logged a day earlier. All ten cities tracked here posted a decline on Wednesday, with nine of them, namely, Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Kerala, Pune, Vadodara and Ahmedabad, falling by a broadly uniform amount across all three purities, while Chennai’s 18K rate again eased by a slightly sharper margin than the rest of the country. 

Gold has traditionally been viewed as an effective hedge against inflation, and Wednesday’s second straight day of declines comes after a choppy week that saw the metal swing sharply higher on Monday before giving back ground on both Tuesday and Wednesday. 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 continued softness reflects sustained profit-booking following Monday’s sharp rally, with the market gradually unwinding part of that gain over two consecutive sessions rather than in a single sharp correction. A steady US dollar and firmer Treasury yields kept gold under mild pressure through the session, traders said, though the pace of Wednesday’s decline was noticeably gentler than Tuesday’s, suggesting the correction may be losing momentum. Dealers also noted that city-level pricing has now behaved consistently for two sessions running, a marked change from the volatility seen earlier in the week when Chennai’s rates swung sharply out of step with the rest of the country. 

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 two consecutive days of softer prices could draw in buyers who had stayed on the sidelines 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 price swings. 

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 22) against Wednesday’s (Sept 23) rates for 10 major cities, quoted per 10 grams for 24K, 22K and 18K gold. Every city posted a decline on Wednesday. Nine cities show a broadly uniform pullback across all three purities — roughly ₹550 for 24K, ₹500 for 22K and ₹410 for 18K. Chennai’s 24K and 22K rates fell by the same ₹550 and ₹500 as the rest of the country, but its 18K rate dropped by a sharper ₹500, continuing to narrow its outsized premium for a second straight session. 

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

City	Tue, Sep 22	Wed, Sep 23	Diff
Chennai	₹1,54,750	₹1,54,200	-₹550
Mumbai	₹1,54,750	₹1,54,200	-₹550
Delhi	₹1,54,900	₹1,54,350	-₹550
Kolkata	₹1,54,750	₹1,54,200	-₹550
Bangalore	₹1,54,750	₹1,54,200	-₹550
Hyderabad	₹1,54,750	₹1,54,200	-₹550
Kerala	₹1,54,750	₹1,54,200	-₹550
Pune	₹1,54,750	₹1,54,200	-₹550
Vadodara	₹1,54,800	₹1,54,250	-₹550
Ahmedabad	₹1,54,800	₹1,54,250	-₹550

Source: goodreturns.in/gold-rates 

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

City	Tue, Sep 22	Wed, Sep 23	Diff
Chennai	₹1,41,850	₹1,41,350	-₹500
Mumbai	₹1,41,850	₹1,41,350	-₹500
Delhi	₹1,42,000	₹1,41,500	-₹500
Kolkata	₹1,41,850	₹1,41,350	-₹500
Bangalore	₹1,41,850	₹1,41,350	-₹500
Hyderabad	₹1,41,850	₹1,41,350	-₹500
Kerala	₹1,41,850	₹1,41,350	-₹500
Pune	₹1,41,850	₹1,41,350	-₹500
Vadodara	₹1,41,900	₹1,41,400	-₹500
Ahmedabad	₹1,41,900	₹1,41,400	-₹500

Source: goodreturns.in/gold-rates 

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

City	Tue, Sep 22	Wed, Sep 23	Diff
Chennai	₹1,19,550	₹1,19,050	-₹500
Mumbai	₹1,16,060	₹1,15,650	-₹410
Delhi	₹1,16,210	₹1,15,800	-₹410
Kolkata	₹1,16,060	₹1,15,650	-₹410
Bangalore	₹1,16,060	₹1,15,650	-₹410
Hyderabad	₹1,16,060	₹1,15,650	-₹410
Kerala	₹1,16,060	₹1,15,650	-₹410
Pune	₹1,16,060	₹1,15,650	-₹410
Vadodara	₹1,16,110	₹1,15,700	-₹410
Ahmedabad	₹1,16,110	₹1,15,700	-₹410

Source: goodreturns.in/gold-rates 

As the tables show, Chennai’s 18K rate has eased to ₹1,19,050 per 10 grams, narrowing its premium over Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune — now at ₹1,15,650 — to roughly ₹3,400, down from Tuesday’s ₹3,490 gap and continuing a gradual normalisation after the unusually wide spread seen earlier in the week. Delhi’s 18K rate, at ₹1,15,800, continues to sit about ₹150 above Mumbai’s level, the same modest and consistent premium that has held steady through every session this week. Market participants said the pattern of the past two sessions — clean, broadly uniform declines across nearly every city — suggests the market has settled into a more predictable rhythm after Monday’s volatility, even as Chennai’s premium has yet to fully close. 

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 Wednesday’s Softness 

Overnight moves in global bullion markets continued to weigh on gold on Wednesday, dealers said, with spot gold prices internationally extending Tuesday’s retreat as the profit-booking cycle continued for a second session. A steady US dollar and slightly firmer Treasury yields kept pressure on the metal, analysts noted, though the scale of Wednesday’s move was noticeably smaller than Tuesday’s sharper pullback, hinting that the correction could be nearing its end. Traders said the market will be watching closely for fresh triggers over the coming sessions, with any dovish signal from major central banks likely to halt the slide, while continued strength in the dollar could extend the pullback into a third straight day. 

Jewellery Stocks Today 

Jewellery stocks were broadly higher on Wednesday morning, extending Tuesday’s rally even as gold itself continued to soften. PC Jeweller was the standout performer by a wide margin, up 5.60%, followed by Thangamayil Jewellery, up 3.00%, and Kalyan Jewellers India, up a more modest 0.52%. Titan Company was the lone decliner among the four counters, down 0.49%, the only stock in the group to give back ground on an otherwise strongly positive morning. Trading was still underway at the time of writing. 

Jewellery Stocks (Morning Trade) 

Company	Ticker	Price	Change
PC Jeweller	PCJEWELLER	₹14.34	+₹0.76 (+5.60%)
Titan Company	TITAN	₹4,904.50	-₹24.00 (-0.49%)
Kalyan Jewellers India	KALYANKJIL	₹586.15	+₹3.05 (+0.52%)
Thangamayil Jewellery	THANGAMAYL	₹5,273.00	+₹153.50 (+3.00%)

Source: NSE 

PC Jeweller opened at ₹13.80, above its previous close, and rallied sharply through the morning to a fresh high of ₹14.86 before easing back to ₹14.34, extending a strong run that has now carried the stock up for a second straight session. Titan Company opened flat at its previous close of ₹4,928.50, touched an early high of ₹4,951.00, then slid steadily through the rest of the morning to a low of ₹4,901.00 before settling near ₹4,904.50, the session’s lone decliner. Kalyan Jewellers India opened at ₹585.00, climbed to an early high of ₹589.35, then eased back through the session to settle around ₹586.15, still comfortably in positive territory. Thangamayil Jewellery opened sharply higher at ₹5,174.00 and extended its gains through the morning to a high of ₹5,300.00, comfortably clearing the ₹5,250 mark, before easing back to ₹5,273.00 by the time of writing. 

Market watchers said Wednesday’s broadly stronger session among jewellery counters, even as gold’s own national rate continued to soften, reinforces the pattern seen a day earlier of the sector trading largely on its own momentum. Dealers pointed to PC Jeweller’s sharp 5.60% surge as the standout move of the week so far, while Titan’s mild pullback stood out as the one exception in an otherwise strongly positive session. Analysts said the continued divergence between a softening gold market and a rallying jewellery sector suggests individual stock catalysts remain the dominant driver of sentiment, with bullion prices playing a secondary role for now.