Gold Rates In India Fall Rs 1,600/100g; Silver Flat On 26.9.2026; Latest Gold Prices As Festive Season Nears

Gold rates in India on Saturday dropped up to Rs 1,600 across major cities after a volatile trading week. The 10-gram gold price is below the Rs 1.53 lakh mark in 24-carat, while the 10-gram gold price dropped below Rs 1.40 lakh in 22-carat and is struggling around Rs 114,500 in 18-carat. On the other hand, silver rates are unchanged in the country. So far, gold prices in September are down by nearly 1% across carats. The performance also comes ahead of major festive seasons like Navratri and Diwali in the next two months.

Gold Rates In India Today, September 26, 2026

The 24-carat gold price plunged by Rs 1,600 to Rs 15,26,800 per 100 grams and dipped by Rs 160 to Rs 1,52,680 per 10 grams. Further, the 24-carat gold price is lower by Rs 128 to Rs 1,22,144 per 8 grams and down by Rs 16 to Rs 15,268 per 1 gram.

Also, 22-carat gold rates tumbled by Rs 1,500 to Rs 13,99,500 per 100 grams and plummeted by Rs 160 to Rs 1,52,680. Also, 8 grams gold price dipped by Rs 120 to Rs 1,11,960 and is down by Rs 15 to Rs 13,995 per 1 gram in the same carat.

Under 18 carat, 100 grams gold price declined by Rs 1,200 to Rs 11,45,100 and 10 grams gold here slipped by Rs 120 to Rs 1,14,510. Also, 8 grams and 1 grams gold price dropped by Rs 96 and Rs 12 to Rs 91,608 and Rs 11,451 respectively.

"Gold came under pressure and is down more than 2% for the week. A stronger US dollar, higher Treasury yields and expectations of tighter US monetary policy weighed on prices," said N S Ramaswamy, Head of Commodity & CRM at Ventura.

Traders are pricing in a nearly 70% chance of a rate hike in October and a 95% probability of another increase in December, according to the CME FedWatch Tool, as inflationary pressures remain elevated and economic data continues to signal resilience in the US economy. The pressure on gold persisted despite a decline in oil prices on Friday, after US and Iranian negotiators in New York reportedly explored a deal that could see Tehran reopen the Strait of Hormuz in exchange for Washington easing its economic blockade of Iran. Meanwhile, gold demand in India picked up modestly as lower prices attracted buyers ahead of the festive season, as per Trading Economics.

Silver Rates In India

Unlike gold, silver prices are unchanged in India on Saturday. 1Kg silver is priced at Rs 2.45 lakh, while 100 grams and 10 grams silver rates stood at Rs 24,500 and Rs 2,450. Also, 8 grams silver price is at Rs 1,960 and 1 gram silver is available at Rs 245.

Gold And Silver Outlook For Festive Season

Looking ahead for the festive season, Kavita Chacko, Research Head of World Gold Council recently said that gold demand in India is expected to improve as the festive and wedding season progresses, supported by steady investment demand and resilient wedding-related buying, though elevated prices and volatility may continue to constrain discretionary buying.

For the next week, Kaynat Chainwala, AVP Commodity Research, Kotak Securities said, " Markets are now pricing roughly a 70% probability of a 25-basis-point hike in October. Weekly jobless claims fell to 197,000, while August new-home sales rose 6.4% to 684,000. Fed officials maintained a hawkish stance, with several policymakers signaling that further tightening could still be warranted. Looking ahead, further softness in oil, the dollar, and yields could support bullion, while stronger data and hawkish Fed guidance remain headwinds."

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.