Gold Price Today, September 28, 2026: Rates of 24K Slumps ₹2,670 Per 10 gm on National Level

New Delhi, Sept 28: Indian gold rates started the week with a steep fall on Monday. The price of 24-karat gold (99.9% purity) stood at Rs 15,017 per gram, while 22-karat (91.6%) gold was priced at Rs 13,765 per gram and 18-karat gold at Rs 11,263 per gram. 

The price of 24-karat gold was Rs 267 lower than Friday’s price of Rs 15,284 per gram. This translates into a drop of 1.75% or Rs 2,670 for 10 grams and Rs 26,700 for 100 grams of gold. The price of 22-karat gold decreased by Rs 245 to Rs 13,765 from Rs 14,010, while 18-karat gold fell by Rs 200 to Rs 11,263 per gram from Rs 11,463 per gram. The fall was much steeper than the Rs 152 per gram decline recorded last Thursday. It was also the highest daily drop of the current month. 

Since gold rates in India depend on international gold prices, the dollar-rupee exchange rate and the cost of importing gold, we can assume that there was a significant fall in the international market. We saw a rise of Rs 16 per gram in 24-karat gold on Friday after prices had fallen for three consecutive days. On Monday, however, the decline was many times greater than Friday’s increase. 

There was an equal fall in gold prices across all 10 cities and all three karats. Delhi had the highest price for 24-karat gold at Rs 15,032 per gram among the 10 cities. Vadodara and Ahmedabad came next at Rs 15,022 per gram, while Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune were at Rs 15,017 per gram. Chennai had a higher rate for 18-karat gold last week, but the difference has now narrowed. Its price is currently Rs 272 higher than Mumbai’s, compared with a difference of Rs 317 on Friday. 

City-Wise Gold Rates: Today vs Friday 

The tables below set Friday’s (Sept 25) 1-gram gold rates for ten major Indian cities against Monday’s (Sept 28) rates, along with the change over the period. 

24K Gold: 10 Major Cities (per gram) 

City	Fri, Sep 25	Mon, Sep 28	Diff
Chennai	₹15,284	₹15,017	-₹267
Mumbai	₹15,284	₹15,017	-₹267
Delhi	₹15,299	₹15,032	-₹267
Kolkata	₹15,284	₹15,017	-₹267
Bangalore	₹15,284	₹15,017	-₹267
Hyderabad	₹15,284	₹15,017	-₹267
Kerala	₹15,284	₹15,017	-₹267
Pune	₹15,284	₹15,017	-₹267
Vadodara	₹15,289	₹15,022	-₹267
Ahmedabad	₹15,289	₹15,022	-₹267

22K Gold: 10 Major Cities (per gram) 

City	Fri, Sep 25	Mon, Sep 28	Diff
Chennai	₹14,010	₹13,765	-₹245
Mumbai	₹14,010	₹13,765	-₹245
Delhi	₹14,025	₹13,780	-₹245
Kolkata	₹14,010	₹13,765	-₹245
Bangalore	₹14,010	₹13,765	-₹245
Hyderabad	₹14,010	₹13,765	-₹245
Kerala	₹14,010	₹13,765	-₹245
Pune	₹14,010	₹13,765	-₹245
Vadodara	₹14,015	₹13,770	-₹245
Ahmedabad	₹14,015	₹13,770	-₹245

18K Gold: 10 Major Cities (per gram) 

City	Fri, Sep 25	Mon, Sep 28	Diff
Chennai	₹11,780	₹11,535	-₹245
Mumbai	₹11,463	₹11,263	-₹200
Delhi	₹11,478	₹11,278	-₹200
Kolkata	₹11,463	₹11,263	-₹200
Bangalore	₹11,463	₹11,263	-₹200
Hyderabad	₹11,463	₹11,263	-₹200
Kerala	₹11,463	₹11,263	-₹200
Pune	₹11,463	₹11,263	-₹200
Vadodara	₹11,468	₹11,268	-₹200
Ahmedabad	₹11,468	₹11,268	-₹200

Source: Goodreturns.in 

Chennai is now at par with Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune in terms of 24-karat and 22-karat gold rates. Only 18-karat gold continues to be more expensive in Chennai. Delhi’s 24-karat gold rate was Rs 15 per gram higher than Mumbai’s and Rs 5 higher than the rates in Vadodara and Ahmedabad. These differences have remained unchanged since Friday. 

Please note that these are bullion rates. Jewellery will be more expensive because of making charges, wastage and 3% GST on the value of gold. If you want to invest in gold, you can also buy gold ETFs, which are not subject to purity-related issues:   

These rates are subject to change, so please confirm the price with your nearest jeweller or bullion dealer before buying. 

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

It will be interesting to see how prices move over the coming week. The festival season, including Navratri and Diwali, is around the corner. People had started buying gold coins and lightweight jewellery at retail counters last week as prices began falling. With prices at a low on Monday, we might see more people coming forward to buy gold, according to some dealers. Others believe that buyers may wait and watch to see whether the downward trend continues. Wedding buyers will also be affected, as they usually monitor prices a few weeks before their weddings. 

Jewellery Stocks Today 

Listed jewellery stocks were trading in negative territory during Monday’s morning session. The Nifty 50 was trading at 22,822.10 at 10:49 AM, down 318.40 points or 1.38% from its previous closing price. All four stocks covered here were in the red. Kalyan Jewellers India recorded the steepest decline, followed by PC Jeweller, Titan Company and Thangamayil Jewellery. 

Company	Ticker	Price	Change
Titan Company	TITAN	₹4,828.50	-₹55.50 (-1.14%)
Kalyan Jewellers India	KALYANKJIL	₹563.70	-₹9.30 (-1.62%)
Thangamayil Jewellery	THANGAMAYL	₹5,076.50	-₹58.00 (-1.13%)
PC Jeweller	PCJEWELLER	₹13.92	-₹0.19 (-1.35%)

Source: NSE market data 

Kalyan Jewellers India opened at Rs 573.00, the same as its previous day’s closing price of Rs 573.00. It rose to Rs 573.75 and then declined to Rs 559.25 before trading at Rs 563.70, which was 1.62% lower than the previous close. It was trading below its VWAP of Rs 563.79. PC Jeweller opened at Rs 14.55, higher than its previous day’s closing price of Rs 14.11. It touched a high of Rs 14.64 and declined to a low of Rs 13.83. It was trading at Rs 13.92, which was 1.35% lower than the previous close and below its VWAP of Rs 14.23. 

Titan Company opened at Rs 4,881.00, lower than its previous day’s closing price of Rs 4,884.00. It did not rise above its opening price and declined to Rs 4,814.50 before trading at Rs 4,828.50. This was 1.14% lower than the previous close and almost at par with its VWAP of Rs 4,827.94. Thangamayil Jewellery opened lower at Rs 5,100.00 compared with its previous day’s closing price of Rs 5,134.50. It touched a high of Rs 5,137.00 and then declined to Rs 5,035.50 before trading at Rs 5,076.50. This was 1.13% lower than the previous close and below its VWAP of Rs 5,086.93. 

Since all four stocks declined by similar percentages, we can attribute the fall to the overall market conditions rather than gold prices alone. Kalyan Jewellers India and PC Jeweller declined more than the Nifty 50, which was down 1.38%. Titan Company and Thangamayil Jewellery performed better than the Nifty 50. PC Jeweller recorded the highest change, as it opened 3% higher than its previous close but ended the session at its intraday low. 

There were more buy orders than sell orders for Titan Company, with buy orders accounting for 54.46% of the total quantity. Similarly, Kalyan Jewellers India had more buy orders, accounting for 52.46% of the total quantity. In contrast, sell orders accounted for 68.51% and 60.85% of the total quantity for PC Jeweller and Thangamayil Jewellery, respectively. 

Source

• Goodreturns.in
• NSE market data
• Rates are indicative and subject to change; confirm with your local dealer before purchase.