Gold Price Today in India (16 September 2026): 24K Surges to ₹15,344/g After Rebound – Full City-Wise Rates & MCX Update

Gold prices in India staged a notable recovery on Wednesday, 16 September 2026, bouncing back after two consecutive sessions of sharp declines. The yellow metal gained momentum as global investors turned cautious ahead of the US Federal Reserve’s highly anticipated policy decision later in the day. Escalating US-Iran geopolitical tensions and softer crude oil prices further supported safe-haven demand for gold.

Latest National Average Gold Rates:
• 24 Karat (99.9% purity): ₹15,344 per gram (+₹27 from previous day)
• 22 Karat (91.6% purity): ₹14,065 per gram (+₹25)
• 18 Karat (75% purity): ₹11,508 per gram (+₹20)

Quantity-wise prices:
• 8 grams 24K: ₹1,22,752
• 10 grams 24K: ₹1,53,440 (+₹270)
• 100 grams 24K: ₹15,34,400 (+₹2,700)
• 10 grams 22K: ₹1,40,650 (+₹250)
• 10 grams 18K: ₹1,15,080 (+₹200)

On the Multi Commodity Exchange (MCX), gold futures for October delivery were trading in the range of ₹1,51,600 to ₹1,52,100 per 10 grams during the morning session, showing gains of approximately 0.5% to 0.7%. Intraday highs touched near ₹1,52,100.

City-wise Gold Rates (approximate per gram):
• Delhi: 24K ₹15,359 | 22K ₹14,080 | 18K ₹11,523
• Mumbai: 24K ₹15,344 | 22K ₹14,065 | 18K ₹11,508
• Bengaluru: 24K ₹15,344 | 22K ₹14,065 | 18K ₹11,508
• Hyderabad: 24K ₹15,344 | 22K ₹14,065 | 18K ₹11,508
• Chennai: 24K ₹15,344 | 22K ₹14,065 | 18K ₹11,834
• Kolkata: 24K ₹15,344 | 22K ₹14,065 | 18K ₹11,508
• Ahmedabad / Vadodara: 24K ₹15,349 | 22K ₹14,070
• Pune / Kerala: Similar to Mumbai levels

Silver also showed strength, with 999 fine silver rates ranging between ₹2,34,000 and ₹2,45,000 per kilogram across major markets. MCX silver futures rose more sharply, gaining over 1.3% in early trade.

Key Market Drivers Today:

1. Anticipation of a possible 25-basis-point rate hike by the US Federal Reserve (first hike in nearly three years).
2. Geopolitical uncertainty in the Middle East supporting safe-haven buying.
3. Softening crude oil prices reducing inflationary pressure on the dollar.
4. Domestic demand remaining steady ahead of the upcoming festive season in India.

Important Note for Buyers:
The rates mentioned above are indicative pure gold rates (IBJA/bullion association levels). When purchasing jewellery from retailers such as Tanishq, Kalyan Jewellers, Malabar Gold, Joyalukkas or local jewellers, additional making charges (usually 8–20% depending on design), GST (3%), and other costs will apply. Always check the final invoice and hallmark for purity.

Investment Perspective:
Despite the recent two-day correction, gold has delivered strong returns over the past year (up around 28%). Many analysts suggest that long-term investors can continue accumulating on dips, while short-term traders should wait for clarity from the Fed decision before taking fresh positions. Technical support for MCX gold is seen near ₹1,49,000–₹1,50,000, with resistance around ₹1,54,000–₹1,55,500.

Gold continues to remain one of the most trusted assets for Indian households, offering portfolio diversification and protection against inflation and currency fluctuations. With festive demand expected to pick up in the coming weeks, any further price dips may attract strong buying interest.

Stay tuned for live updates as rates can fluctuate throughout the trading day based on global cues and domestic demand.