Noida, Sep 16 (APAC Media): Gold prices rose in the domestic market on Wednesday, while silver also gained, as investors continued to track geopolitical developments and uncertainty in West Asia.
On the Multi Commodity Exchange (MCX), gold futures for October delivery were up nearly 0.65% at ₹151,785 per 10 grams at around 9:04 am. Silver futures for December delivery rose 1.33% to ₹235,200 per kg.
Retail gold prices also remained elevated. According to data from the Indian Bullion Association, 24-carat gold was quoted at ₹152,330 per 10 grams, while 22-carat gold stood at ₹139,636. Silver of 999 fineness was priced at ₹234,900 per kg.
Gold and Silver Rates: City-wise | September 16, 2026
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) | Silver 999 (₹/kg) |
|---|---|---|---|
| New Delhi | ₹1,51,790 | ₹1,39,141 | ₹2,34,070 |
| Mumbai | ₹1,52,050 | ₹1,39,379 | ₹2,34,480 |
| Bengaluru | ₹1,52,170 | ₹1,39,489 | ₹2,34,660 |
| Kolkata | ₹1,51,850 | ₹1,39,196 | ₹2,34,170 |
| Hyderabad | ₹1,52,300 | ₹1,39,608 | ₹2,34,850 |
| Chennai | ₹1,52,500 | ₹1,39,792 | ₹2,35,160 |
Prices varied across major cities. In Delhi, 24-carat gold was available at ₹151,790 per 10 grams, while 22-carat gold was priced at ₹139,141. Silver was quoted at ₹234,070 per kg.
In Mumbai, 24-carat gold stood at ₹152,050 per 10 grams and 22-carat gold at ₹139,379. Silver was priced at ₹234,480 per kg.
Chennai recorded a 24-carat gold price of ₹152,500 per 10 grams, with 22-carat gold at ₹139,792. Silver in the city was quoted at ₹235,160 per kg.
Gold prices have remained sensitive to global geopolitical developments, with investors often turning to the precious metal during periods of uncertainty.
Market participants are also keeping an eye on developments in West Asia and their potential impact on energy supplies and the global economy.
Silver has also seen strong gains over the longer term, although prices have moved lower from their highs recorded earlier in the year.
Retail prices can differ from quoted bullion rates depending on the jeweller, location and additional costs. Jewellery buyers may also have to pay GST and making charges, which can increase the final purchase price.
Market participants are expected to continue watching global developments and currency movements for further direction in precious metal prices.
–ENDS–
Disclaimer:Â Gold and Silver prices are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making investment choices.
Also Read:
