Gold Prices Decline Across Major Indian Cities on September 23

Gold prices saw a downward trend across most major metropolitan cities in India on September 23. The adjustment affected both 22-carat and 24-carat gold, with prices declining slightly when compared to the rates recorded the previous day.

Across the country, the average price for 22-carat gold stood at ₹14,215 for 1 gram, marking a decrease of ₹50, while 8 grams of 22-carat gold was priced at ₹1,13,720, down by ₹400.

In Delhi, 22-carat gold was priced at ₹14,235 for 1 gram (down by ₹50) and ₹1,13,880 for 8 grams (down by ₹400). Meanwhile, 24-carat gold in the capital was recorded at ₹14,947 for 1 gram (down by ₹52) and ₹1,19,576 for 8 grams (down by ₹416).

In Mumbai, 22-carat gold stood at ₹14,185 per gram (down by ₹50) and ₹1,13,480 for 8 grams (down by ₹400). The 24-carat gold in Mumbai was traded at ₹14,894 for 1 gram (down by ₹53) and ₹1,19,152 for 8 grams (down by ₹424).

In Kolkata, consumers saw 22-carat gold priced at ₹14,285 for 1 gram (down by ₹50) and ₹1,14,280 for 8 grams (down by ₹400). The 24-carat gold rates in Kolkata were ₹14,999 for 1 gram (down by ₹53) and ₹1,19,992 for 8 grams (down by ₹424).

In southern markets such as Chennai and Hyderabad, 22-carat gold was priced at ₹14,135 for 1 gram (down by ₹50) and ₹1,13,080 for 8 grams (down by ₹400). The 24-carat gold in both cities was recorded at ₹14,842 for 1 gram (down by ₹52) and ₹1,18,736 for 8 grams (down by ₹416).

In Bengaluru, 22-carat gold stood at ₹14,245 for 1 gram (down by ₹50) and ₹1,13,960 for 8 grams (down by ₹400), while 24-carat gold was priced at ₹14,957 for 1 gram (down by ₹53) and ₹1,19,656 for 8 grams (down by ₹424).

In Pune, prices mirrored those in Mumbai, with 22-carat gold at ₹14,185 for 1 gram (down by ₹50) and ₹1,13,480 for 8 grams (down by ₹400). The 24-carat gold in Pune was priced at ₹14,894 for 1 gram (down by ₹53) and ₹1,19,152 for 8 grams (down by ₹424).

Finally, in Ahmedabad, 22-carat gold was available at ₹14,239 for 1 gram (down by ₹50) and ₹1,13,912 for 8 grams (down by ₹400). The 24-carat gold in Ahmedabad stood at ₹14,951 for 1 gram (down by ₹52) and ₹1,19,608 for 8 grams (down by ₹416).

"Minor downward price corrections in retail commodity markets like gold are a regular part of daily market fluctuations across metropolitan regions. While these small decreases of ₹50 per gram for 22-carat and 24-carat gold across cities like Delhi, Mumbai, and Chennai are notable for daily buyers, businesses and investors generally monitor these trends over broader macroeconomic timelines rather than reacting to single-day price movements." — Dr. Shishir Gupta, Founder & CEO, StartupLanes