Gold Prices Today Crash; 24K, 22K, 18K Gold Rates In Chennai, Hyderabad, Mumbai, Bangalore, Delhi More

Gold rates in India crashed on Thursday despite MCX gold price and spot gold rising by 1% each. Physical gold rates were impacted due to a surge in the US dollar that hit the highest level since April 2025 and treasury yields, which are at 24-year highs, keeping the rate hike scenario in October heightened. However, the decline in 24-carat, 22-carat, and 18-carat gold rates comes as a positive for demand ahead of the festive season this month. Gold prices in the majority of cities are impacted on October 1, 2026.

Gold Rates Today

24-carat gold price in India crashed by Rs 3,300 to Rs 14,92,400 per 100 grams and dropped by Rs 330 in 10 grams to Rs 1,49,240. Meanwhile, 22-carat gold price declined by Rs 3,000 to Rs 13,68,000 per 100 grams and dipped by Rs 300 to Rs 1,36,800 per 10 grams. Also, 18-carat gold rates slipped by Rs 2,500 to Rs 11,19,300 and are down by Rs 250 to Rs 1,11,930 per 10 grams.

Gram	24K Gold	22K Gold	18K Gold
1	₹14,924 (-33)	₹13,680 (-30)	₹11,193 (-25)
8	₹1,19,392 (-264)	₹1,09,440 (-240)	₹89,544 (-200)
10	₹1,49,240 (-330)	₹1,36,800 (-300)	₹1,11,930 (-250)
100	₹14,92,400 (-3,300)	₹13,68,000 (-3,000)	₹11,19,300 (-2,500)

"Gold is caught in a tug-of-war. The Iran war, inflation and geopolitical uncertainty should be supportive, but rising yields and a stronger U.S. dollar are working in the opposite direction. These powerful forces with hawkish U.S FED are creating short-term pressure," said NS Ramaswamy, Head of Commodity, Ventura.

Explaining further, Ramaswamy said, gold's price drop this week could be attributed to China's "Golden Week" holidays which begins 1st Oct'26. Selling ahead of that holiday as gold market and shops would be closed. Some selling due to US-Iran tensions and some to the rise in interest rates. Gold is negatively aAected by "real rates".

He added that the Federal Reserve raised the federal funds target range to 3.75% to 4.00% on 16th Sep'26, its first hike in three years, and the market now prices roughly a 70% probability of a second hike in October. 2nd Oct'26 (Friday) payrolls decide the October Fed path. Fed hike was fully priced. Monday (28th Sep) proved the hike was priced but a second hike was not.

Gold Rates In Major Cities

Gold Rates In Chennai:

10 grams gold price stood at Rs 1,49,240 in 24-carat, at Rs 1,36,800 in 22-carat and at Rs 1,12,400 in 18-carat. Gold in 18-carat is expensive in Chennai compared to gold in other cities.

Gold Rates In Bangalore + Gold Rates In Mumbai + Gold Rates In Hyderabad:

Here, gold prices are same. The price of 10 grams of gold stood at Rs 1,49,240 in 24-carat, at Rs 1,36,800 in 22-carat and at Rs 1,19,300 in 18-carat.

Gold Rates In Delhi + Gold Rates In Ahmedabad:

Delhi Gold price here stood at Rs 1,49,390 in 24-carat, at Rs 1,36,950 in 22-carat and at Rs 1,12,080 in 18-carat in 10 grams. In Ahmedabad, 10 grams gold price stood at Rs 1,49,290 in 24-carat, at Rs 1,36,850 in 22-carat and at Rs 1,19,800 in 18-carat.

Check 1 Gram Gold Prices Across Major Cities

In majority of the cities, gold prices are at Rs 14,924 per gram for 24 carat gold (99.9% purity), Rs 13,680 per gram for 22 carat gold (91.6% purity), and Rs 11,193 per gram for 18 carat gold.

City	24K	22K	18K
Chennai	₹14,924	₹13,680	₹11,240
Mumbai	₹14,924	₹13,680	₹11,193
Delhi	₹14,939	₹13,695	₹11,208
Kolkata	₹14,924	₹13,680	₹11,193
Bangalore	₹14,924	₹13,680	₹11,193
Hyderabad	₹14,924	₹13,680	₹11,193
Kerala	₹14,924	₹13,680	₹11,193
Pune	₹14,924	₹13,680	₹11,193
Vadodara	₹14,929	₹13,685	₹11,198
Ahmedabad	₹14,929	₹13,685	₹11,198
Jaipur	₹14,939	₹13,695	₹11,208
Lucknow	₹14,939	₹13,695	₹11,208
Coimbatore	₹14,924	₹13,680	₹11,240
Madurai	₹14,924	₹13,680	₹11,240
Vijayawada	₹14,924	₹13,680	₹11,193
Patna	₹14,929	₹13,685	₹11,198
Nagpur	₹14,924	₹13,680	₹11,193
Chandigarh	₹14,939	₹13,695	₹11,208
Surat	₹14,929	₹13,685	₹11,198
Bhubaneswar	₹14,924	₹13,680	₹11,193

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