Gold Rate Today: Gold prices were under pressure on Wednesday, September 23, 2026. In the domestic market, 24K gold was priced at ₹15,880 per gram, while 22K gold was priced at ₹14,560 per gram. Silver was priced at ₹2.51 lakh per kilogram.
Global gold prices also fell as the US dollar strengthened and expectations of higher interest rates from central banks put pressure on bullion. Spot gold fell by about 0.9% to $4,314.37 an ounce during the day.
Gold Rate Today: 24K and 22K Gold Prices
On Wednesday, September 23, 2026, the price of 24K gold was ₹15,880 per gram, while 22K gold was priced at ₹14,560 per gram. In Delhi, 24K gold was quoted at ₹15,332 per gram, whereas 22K and 18K gold were priced at ₹14,054 and ₹11,499 per gram, respectively.
| Gold Purity | Price |
|---|---|
| 24K Gold | ₹15,880 per gram |
| 22K Gold | ₹14,560 per gram |
| 18K Gold in Delhi | ₹11,499 per gram |
| 24K Gold in Delhi | ₹15,332 per gram |
| 22K Gold in Delhi | ₹14,054 per gram |
Retail gold prices can vary from city to city and between jewellers due to other applicable costs. Prices may also include making charges and GST, so the final amount may differ from the quoted gold rate.
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MCX Gold Rate Today
On the Multi Commodity Exchange (MCX), October delivery gold was trading at ₹1,52,500 per 10 grams, down ₹216 or 0.14%. The decline came amid weaker spot demand and pressure in international bullion markets.
New York gold futures also declined by about 0.65% to $4,332.32 an ounce as movements in international gold prices continued to influence the domestic bullion market.
Silver Rate Today: Silver at ₹2.51 Lakh per Kg
On Wednesday, silver prices stood at ₹2,51,000 per kilogram. In the Mumbai bullion market, silver opened at ₹2,35,288 per kilogram.
| Precious Metal | Rate |
|---|---|
| Silver | ₹2,51,000 per kilogram |
| Silver Mumbai Opening Rate | ₹2,35,288 per kilogram |
| 99.9% Gold Mumbai Opening Rate | ₹1,52,266 per 10 grams |
| 99.5% Gold Mumbai Opening Rate | ₹1,51,656 per 10 grams |
Why Are Gold Prices Under Pressure?
Gold prices were under pressure due to several global factors. A stronger US dollar made dollar-denominated gold more expensive for buyers using other currencies. Expectations that major central banks could keep interest rates elevated also affected investor sentiment towards bullion.
Higher interest rates can reduce the appeal of bullion because gold does not offer interest income. This contributed to the weakness seen in global gold prices on Wednesday, September 23, 2026.
However, geopolitical risks and central bank gold purchases can provide support to bullion prices. During the latest market update, gold was trading in the $4,300-$4,400 per ounce range.
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Gold Price Outlook: Key Factors to Watch
Investors will continue to watch US monetary policy, movements in the US dollar, bond yields, crude oil prices and geopolitical developments, as all these factors can affect gold and silver prices in international as well as domestic markets.
BMI retained its average gold price forecast of $4,400 per ounce for 2026 in its September 23 market update. The forecast was linked to factors such as geopolitical risks and central bank gold purchases.
However, price forecasts are not guaranteed future prices. Gold and silver rates can change due to global market conditions, currency movements, interest rates, domestic demand and other factors.
FAQ:
| Question | Answer |
|---|---|
| What was the 24K gold rate on September 23, 2026? | 24K gold was priced at ₹15,880 per gram. |
| What was the 22K gold price on September 23? | 22K gold was priced at ₹14,560 per gram. |
| What was the silver rate on September 23, 2026? | Silver was priced at ₹2,51,000 per kilogram. |
| What was the MCX gold price? | October delivery gold was trading at ₹1,52,500 per 10 grams. |
| Will gold prices rise in the future? | Future prices cannot be confirmed. The US dollar, interest rates, bond yields, crude oil prices and geopolitical developments can influence gold prices. |
Source: The Times of India market update and bullion market data used in the report.
