Gold Rate in India Today, Sep 15: 24K, 22K, 18K Prices Drop Before Festive Rush; Silver Remains Stable

After a relentless surge in the past few weeks, gold rates in India are finally showing signs of cooling down. While the decline in gold prices is not very high, it comes as a small relief for buyers who have been waiting to make purchases.

With the festive season in India approaching its peak in the coming weeks, experts believe gold prices are likely to rise again and may break fresh records in the coming days. Historically, the months of September and October have been very promising for gold demand, as festivals and weddings impact consumer buying.

In the last few days, however, the gold price in India has touched sky-high levels, discouraging many buyers from making immediate purchases. Still, jewellers expect a surge in demand as families prepare for occasions like Navratri, Dussehra, Diwali, and the wedding season, which traditionally boost gold and jewellery sales.

Gold in the international market is steady and now near the $3600 per ounce mark, as the market is now awaiting the Federal Reserve decision on the rate cuts in the upcoming meeting on September 17th, 2025.

Gold Rate in India Today

As of September 15th, Monday, 24-carat gold rates in India slipped slightly by Rs. 110 per 10 grams at Rs. 1,11,060 per 10 grams.While the 22-carat gold price in India today drooped by Rs. 100 to cost Rs. 1,01,800. Similarly, the smaller 18-carat gold also dropped by Rs. 80 per 10 grams and now retails at Rs. 83,290 per 10 grams.

And just like that, 100 grams of 24-carat gold are now priced at Rs 11,10,600, and the 22-carat gold rates per 100 grams now cost Rs 10,18,00

According to a report by Nirmal Bang Securities, "Gold prices are expected to rise. Traders can buy at Rs. 1,09,100 with a stop loss of Rs. 1,08,850 for the target at Rs. 1,09,450- Rs. 1,097,00."

Silver prices in India today

Silver rates in India today are stable since the last two days, so 1 kg of white metal costs Rs. 133,000. While 100 g of silver retails in India for Rs 13,300.

MCX Gold and Silver Prices

This morning, gold futures prices on the MCX, which will mature on October 3rd, are trading at Rs. 1,09,231 per 10 grammes, down 0.13%. Similarly, silver futures prices maturing on December 5th gained 0.01% to Rs. 1,28,848.

Spot Gold Price and Spot Silver Rate

According to the latest report from Reuters, "Spot gold was up 0.1% at $3,644.98 per ounce as of 0349 GMT. Bullion climbed about 1.6% last week, reaching a record high of $3,673.95 on Tuesday. U.S. gold futures for December delivery were down 0.1% at $3,682.62. Spot silver was up 0.3% at $42.29 per ounce."

"Spot gold prices held firm above $3,645/oz, supported by expectations that the Federal Reserve will lower U.S. interest rates at its upcoming policy meeting. All eyes are now on the Fed Chair's commentary following the rate decision and the release of updated economic projections," as per the Kotak Securities Commodity Report.

India Gold Rates City-Wise for 22-Carat & 24-Carat Yellow Metal

Today's gold prices across major cities in India for both 22K and 24K gold are stable. Here are the latest rates:

Gold Price in Chennai

Gold Price in Bangalore

Gold Price in Hyderabad

Gold Price in Mumbai

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