Gold Rates Jump Rs 30,000 In 2-Days In Chennai, Hyderabad, Bangalore; 24K, 22K, 18K Gold Prices Today, Sept-19

Gold rates in India jumped to at least Rs 30,000 in 100 grams of 24-carat in two consecutive days. On Saturday alone, 24-carat gold rose by at least Rs 14,200, while 22-carat and 18-carat gold prices rose by about Rs 13,000 and Rs 10,600. The performance came after spot gold recorded its first weekly gains in four weeks as oil prices and bond yields declined despite the US Federal Reserve's 25 basis point hike and inflationary pressures. In Chennai, Hyderabad and Bengaluru, the 10-gram gold price is nearing the Rs 1.56 lakh mark.

From September 18th to 19th, the 100-gram gold price climbed by Rs 30,000 in 24-carat, and 10 grams gold jumped by Rs 3,000 in the same carat. Meanwhile, 22-carat gold prices soared by Rs 27,500 in 100 grams and climbed by Rs 2,750 in 10 grams. Check the latest prices of gold in major south cities here.

Gold Rates In Chennai:

24-carat gold price gained by Rs 14,200 in 100 grams to Rs 15,58,400 and surged by Rs 1,420 in 10 grams to Rs 1,55,840. Also, 8 grams gold price stood at Rs 1,24,672, rising by Rs 1,136. Additionally, 1 gram gold gained by Rs 142 to Rs 15,584.

Meanwhile, in Chennai, 22-carat gold price rose by Rs 13,000 to Rs 14,28,500 per 100 grams, jumped by Rs 1,300 to Rs 1,42,850 per 10 grams, surged by Rs 1,040 to Rs 1,14,280 and edged higher by Rs 130 to Rs 14,285.

Also, in 18-carat, 10 grams gold advanced by Rs 1,300 on Saturday to Rs 1,20,550 and jumped by Rs 13,000 to Rs 12,05,500 per 100 grams. Meanwhile, 8 grams gold in the same carat soared by Rs 1,040 to Rs 96,440 and 1 gram gold is up by Rs 130 to Rs 12,055.

Gold Rates In Hyderabad + Gold Rates In Bangalore:

In these two cities, gold prices witnessed similar jumps are available at same rates. On September 19, 24-carat gold price gained by Rs 14,200 to Rs 15,58,400 per 100 grams and rose by Rs 1,420 to Rs 1,55,840 per 10 grams, while rose by Rs 1,136 to Rs 1,24,672 per 8 grams and is up by Rs 142 to Rs 15,584.

Moreover, 22-carat gold rates jumped by Rs 13,000 to Rs 14,28,500 per 100 grams and climbed by Rs 1,300 to Rs 1,42,850. Also, 8 grams gold rose by Rs 1,040 to Rs 1,14,280 and 1 gram gold is higher by Rs 130 to Rs 14,285.

Furthermore, 18-carat gold price stood at Rs 11,68,800 per 100 grams, registering a surge of Rs 10,600. Also, 10 grams gold here climbed by Rs 1,060 to Rs 1,16,880. Furthermore, 8 grams gold is up by Rs 848 to Rs 93,504 and 1 gram gold is higher by Rs 106 to Rs 11,688.

According to Ponmudi R, CEO of Enrich Money, gold and silver began the week under pressure as investors positioned ahead of the Federal Reserve's policy decision, with rising expectations of a rate hike pushing Treasury yields higher and weighing on non-yielding assets. The pressure persisted even as geopolitical and supply risks intensified, with a Saudi East-West pipeline outage and an attack on a vessel in the Strait of Hormuz adding to concerns over disruptions to Middle East energy flows. Fed hike expectations rose to around 86.5% two days before Wednesday's decision, reinforcing the upward pressure on yields and limiting demand for bullion.

Furthermore, the expert said that gold nevertheless showed underlying resilience, supported by persistent fiscal concerns, elevated long-term bond yields and rising U.S. political risks. Investment flows were more mixed. Holdings in the world's largest gold-backed exchange-traded fund fell by around $603 million, although the decline appeared to reflect a rotation among gold-related investment vehicles rather than broad-based liquidation of the metal.

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