Gold Rates In Your City On Sept-15: Check 24K, 22K, And 18K Gold Prices; Will Fed Rate Cut Fuel Super Rally?

Gold rates in major cities fall sharply on September 15, halting its four consecutive weekly gains. Gold has pulled back from its record highs on a marginal basis, also just a day ahead of the US Federal Reserve's policy meeting. Market is predicting a 25 basis point cut from the Fed, while the US President Donald Trump is demanding a bigger cut. But will a Fed rate cut fuel a fresh new record rally?

Gold Rates In Chennai:

In 24 carat, hold rates in Chennai dropped by Rs 110 to Rs 111,380 per 10 grams, while 100 grams gold price dropped by Rs 1,100 to Rs 1,113,800. Further, 8 grams and 1 gram plunged by Rs 88 and Rs 11 to Rs 89,104 and Rs 11,138 respectively.

In the case of 22 carat, 10 grams and 100 grams dipped by Rs 100 and Rs 1,000 to Rs 102,100 and Rs 1,021,000, respectively. 8 grams and 1 gram prices are down by Rs 80 and Rs 10 to Rs 81,680 and Rs 10,210 respectively.

Gold Rates In Bengaluru:

In this city, gold prices in 10 grams dropped by Rs 110 to Rs 1,11,060 in 24 carat, followed by 100 grams gold price which slipped by Rs 1,100 to Rs 11,10,600. 8 grams and 1 gram is at Rs 88,848 and Rs 11,106, down by Rs 88 and Rs 11 respectively.

Meanwhile, in 22 carat, gold rates dipped by Rs 100 and Rs 1,000 to Rs 1,01,800 and Rs 10,18,000 respectively. The prices of 8 grams and 1 gram gold stood at Rs 81,440 and Rs 10,180.

However, gold rates in 18 carat dipped by Rs 80 and Rs 800 to Rs 83,290 and Rs 8,32,900 respectively.

Gold Rates In Hyderabad:

The gold prices in Hyderabad, is same as Bengaluru. 10 grams gold prices stood at Rs 1,11,060 in 24 carat, at Rs 1,01,800 in 22 carat, and at Rs 83,290 in 18 carat.

Check Full List Of Gold Rates In Top Cities Here:

Gold Rates In India:

10 grams of gold rates stood at Rs 1,11,060 in 24 carat in India, followed by Rs 1,01,800 in 22 carat, and at Rs 83,290 in 18 carat. The prices were down by Rs 80 to Rs 110. This comes after gold rates were unchanged on September 14, but declined on September 13.

MCX Gold Price + MCX Silver Price

MCX gold price, with October 2025 expiry, traded at Rs 1,09,075 per 10 grams, down by Rs 295 or 0.27%, at the time of writing. The bullion traded in the range of Rs 1,08,900 to Rs 1,09,359 per 10 grams. Despite the latest decline, gold is still near its all-time high of Rs 1,09,840 per 10 grams.

Furthermore, MCX silver price also tumbled by Rs 495 or 0.4% to trade at Rs 1,28,343 per 1kg. This commodity traded between Rs 1,27,121 per 1kg to Rs 1,29,123 per kg respectively. Notably, silver is around its record high of Rs 1,29,392 per 1kg.

Spot Gold Price + Spot Silver Price

Gold hovered around $3,640 per ounce on Monday, near record highs, as investors awaited US Federal Reserve's policy decision later this week. Traders are pricing in a 25bps reduction at the Fed's upcoming meeting amid signs of labor market weakness, with some expecting that easing could extend into next year, as per Trading Economics. Silver traded above $42 per ounce on Monday, staying close to 14-year highs.

Will Fed Policy Outcome Fuel New Rally In Gold & Silver Prices?

"The CME FedWatch Tool shows traders pricing in two additional 25 bps cuts in October and December, reinforcing the bullish momentum. Gold was further supported by escalating geopolitical tensions, strong inflows into bullion-backed ETFs, and President Donald Trump's ongoing attempts to influence Fed policy. Spot gold held firm above $3,680/oz today, following a fourth consecutive weekly gain, as markets await the outcome of the upcoming FOMC meeting. Traders are also closely monitoring Trump's push for an emergency federal appeals court ruling to remove Fed Governor Lisa Cook by Monday (today), just one day before the Fed convenes," said Kaynat Chainwala, AVP-Commodity Research, Kotak Securities.

As per Darshan Desai, CEO - Aspect Bullion & Refinery, gold rates continue to remain near record highs, driven not only by expectations of a U.S. Federal Reserve rate cut on Wednesday but also due to sustained analysts' optimism that prices could reach as high as $5,000.

"This bullish outlook is also fuelled by factors like weakening U.S. dollar and growing economic uncertainty related to the Trump administration's tariff policies. Additionally, steady ETF inflows and dip-buying interest in bullion are expected to provide ongoing support at lower price levels," said Desai.

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