Gold Price Today, September 29, 2026: Rate of 24K Declines ₹1,370 per gm on National Level

New Delhi, Sept 29: Gold in India extended its decline for a second straight session on Tuesday, with 24 karat gold (99.9% purity) at ₹14,880 per gram, 22 karat (91.6% purity) at ₹13,640 per gram and 18 karat at ₹11,160 per gram, according to Goodreturns.in. The 24K rate is ₹137 per gram below Monday’s ₹15,017, a fall of about 0.91 per cent, or ₹1,370 per 10 grams. The 22K rate slipped ₹125 per gram from ₹13,765, while 18K dropped ₹103 per gram from ₹11,263 in most cities. 

Gold prices in India follow international bullion rates, the dollar’s movement against the rupee and import costs, so back-to-back declines typically point to a sustained global move. The rupee stayed under pressure, with the USDINR October futures contract quoted at ₹96.4750 in early trade. Rates are compiled from dealer forums each morning and can be revised through the day. 

Nine of the 10 cities tracked moved lower by the same ₹137 per gram in 24K gold, with Chennai the exception, easing by a smaller ₹109 to ₹14,908, which widened its premium over Mumbai. Delhi remained priciest at ₹14,895 per gram, followed by Vadodara and Ahmedabad at ₹14,885, while Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune sat at ₹14,880. 

City-Wise Gold Rates: Today vs Monday 

The tables below set Monday’s (Sept 28) 10-gram gold rates for 10 major Indian cities against Tuesday’s (Sept 29) rates, along with the change over the period. 

24K Gold: 10 Major Cities (per 10 grams) 

City	Mon, Sep 28	Tue, Sep 29	Diff
Chennai	₹1,50,170	₹1,49,080	-₹1,090
Mumbai	₹1,50,170	₹1,48,800	-₹1,370
Delhi	₹1,50,320	₹1,48,950	-₹1,370
Kolkata	₹1,50,170	₹1,48,800	-₹1,370
Bangalore	₹1,50,170	₹1,48,800	-₹1,370
Hyderabad	₹1,50,170	₹1,48,800	-₹1,370
Kerala	₹1,50,170	₹1,48,800	-₹1,370
Pune	₹1,50,170	₹1,48,800	-₹1,370
Vadodara	₹1,50,220	₹1,48,850	-₹1,370
Ahmedabad	₹1,50,220	₹1,48,850	-₹1,370

22K Gold: 10 Major Cities (per 10 grams) 

City	Mon, Sep 28	Tue, Sep 29	Diff
Chennai	₹1,37,650	₹1,36,650	-₹1,000
Mumbai	₹1,37,650	₹1,36,400	-₹1,250
Delhi	₹1,37,800	₹1,36,550	-₹1,250
Kolkata	₹1,37,650	₹1,36,400	-₹1,250
Bangalore	₹1,37,650	₹1,36,400	-₹1,250
Hyderabad	₹1,37,650	₹1,36,400	-₹1,250
Kerala	₹1,37,650	₹1,36,400	-₹1,250
Pune	₹1,37,650	₹1,36,400	-₹1,250
Vadodara	₹1,37,700	₹1,36,450	-₹1,250
Ahmedabad	₹1,37,700	₹1,36,450	-₹1,250

18K Gold: 10 Major Cities (per 10 grams) 

City	Mon, Sep 28	Tue, Sep 29	Diff
Chennai	₹1,15,350	₹1,14,350	-₹1,000
Mumbai	₹1,12,630	₹1,11,600	-₹1,030
Delhi	₹1,12,780	₹1,11,750	-₹1,030
Kolkata	₹1,12,630	₹1,11,600	-₹1,030
Bangalore	₹1,12,630	₹1,11,600	-₹1,030
Hyderabad	₹1,12,630	₹1,11,600	-₹1,030
Kerala	₹1,12,630	₹1,11,600	-₹1,030
Pune	₹1,12,630	₹1,11,600	-₹1,030
Vadodara	₹1,12,680	₹1,11,650	-₹1,030
Ahmedabad	₹1,12,680	₹1,11,650	-₹1,030

Source: Goodreturns.in 

Chennai’s smaller decline in 22K and 18K gold, down ₹100 per gram against a ₹125 and ₹103 fall elsewhere, narrowed the gap in these purities even as its 24K premium widened. Delhi’s ₹15 per gram premium over Mumbai, and the ₹5 premium for Vadodara and Ahmedabad, stayed unchanged from Monday, so the city-level structure has not shifted despite two sessions of falling rates. 

Retail buyers should note these are bullion rates. Jewellery attracts making charges, wastage and 3 per cent GST on the gold value, so the final bill is higher than the quoted rate. Investors seeking exposure without storage or purity concerns can consider Gold ETFs, which track the metal’s price. Rates here are indicative; confirm the final price with a local jeweller before purchase. 

With prices down sharply over two sessions, jewellers said they are watching for a pickup in footfall ahead of Navratri and Diwali, though some expect buyers to wait for the correction to run its course. 

Jewellery Stocks Today 

Shares of listed jewellery companies were mixed in morning trade on Tuesday even as the broader market stayed weak, with the Nifty 50 trading around 22,600, down about 180 points or 0.79 per cent. Kalyan Jewellers India and Thangamayil Jewellery were higher, while Titan Company and PC Jeweller were lower, with PC Jeweller the session’s weakest performer. 

Company	Ticker	Price	Change
Titan Company	TITAN	₹4,770.50	-₹49.00 (-1.02%)
Kalyan Jewellers India	KALYANKJIL	₹572.65	+₹8.65 (+1.53%)
Thangamayil Jewellery	THANGAMAYL	₹5,022.50	+₹11.00 (+0.22%)
PC Jeweller	PCJEWELLER	₹13.24	-₹0.28 (-2.07%)

Source: NSE market data 

PC Jeweller was the sharpest mover, falling 2.07 per cent to ₹13.24 after opening higher near ₹13.60, sliding to a low near ₹13.00 and recovering only part of the way back. The stock saw heavy trading, with sell orders making up 59.36 per cent of a total quantity running into crores of shares. 

Titan Company opened at ₹4,808.00 against a previous close of ₹4,819.50, touched a high of ₹4,818.50, then slipped to a low of ₹4,765.50 before settling at ₹4,770.50, down 1.02 per cent and below its VWAP of ₹4,783.54. Kalyan Jewellers India moved the other way, opening at ₹566.00 against a previous close of ₹564.00, dipping to a low of ₹561.45, then climbing to a high of ₹580.00 before easing to ₹572.65, up 1.53 per cent. 

Thangamayil Jewellery opened lower at ₹5,010.00 against a previous close of ₹5,011.50, fell to a low of ₹4,916.50, then recovered to a high of ₹5,046.00 and traded at ₹5,022.50, up a modest 0.22 per cent, above its VWAP of ₹4,984.33. 

Market watchers said the split outcome, with two counters higher and two lower even as the Nifty 50 fell nearly 0.8 per cent, points to stock-specific factors alongside a broader risk-off mood tied to a weaker rupee. Kalyan Jewellers’ recovery to a fresh high was the sharpest turnaround, while PC Jeweller’s reversal from an opening gain to a fresh low stood out as the weakest. 

Order book data showed selling pressure across three counters. Sell orders made up 61.28 per cent of quantity on Kalyan Jewellers and 64.97 per cent on Thangamayil, even though both ended higher, while PC Jeweller saw 59.36 per cent sell-side quantity. Titan was the only counter where buying led, at 51.66 per cent. 

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 

Source

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