Prices of the yellow metal experienced a decline on Saturday, currently standing at Rs 15,480 per gram for 24-carat purity. Rates for 22K and 18K gold are Rs 14,190 per gram and Rs 11,610 per gram, respectively.
Gold rates are down by Rs 186 for 24K purity, Rs 170 for 22K purity, and Rs 139 for 18K purity in comparison to September 4, 2026, rates. The drop came a day after the prices surged as traders scaled back September rate hike expectations. The predictions were made following Federal Reserve Governor Christopher Waller’s remarks regarding favouring a steady interest rate at the US central bank’s next policy meeting if inflation pressures cool. Consequently, lower US Treasury yields support the decline in the opportunity cost of holding bullion, making gold more attractive.
The expectations of a hike in Federal Reserve interest rates have, however, again picked up after the stronger-than-expected US jobs data. Such expectations weigh down the bullion, which is a non-yielding product. Thus, prices drop.
On the other hand, the ongoing conflict between the US and Iran continues to keep the bullion volatile. US President Donald Trump has reportedly threatened to strike Iran’s Pickaxe Mountain. Multiple reports suggest the biggest exchange of strikes between the two countries since July, as Washington attacked Iran’s southern coast and Tehran struck US bases.
The intensifying exchange between the US and Iran threatens the energy supply across the globe, resulting in higher prices.
Bullion in India is also going through a volatile phase as a result of the external factors.
Check Gold rates across India:
Delhi
24K: Rs 15,495/g
22K: Rs 14,205/g
18K: Rs 11,625/g
Mumbai
24K: Rs 15,480/g
22K: Rs 14,190/g
18K: Rs 11,610/g
Kolkata
24K: Rs 15,480/g
22K: Rs 14,190/g
18K: Rs 11,610/g
Ahmedabad
24K: Rs 15,485/g
22K: Rs 14,195/g
18K: Rs 11,615/g
Chennai
24K: Rs 15,667/g
22K: Rs 14,361/g
18K: Rs 12,131/g
Hyderabad
24K: Rs 15,480/g
22K: Rs 14,190/g
18K: Rs 11,610/g
Lucknow
24K: Rs 15,495/g
22K: Rs 14,205/g
18K: Rs 11,625/g
Patna
24K: Rs 15,485/g
22K: Rs 14,195/g
18K: Rs 11,615/g
Bangalore
24K: Rs 15,480/g
22K: Rs 14,190/g
18K: Rs 11,610/g
Bhopal
24K: Rs 15,485/g
22K: Rs 14,195/g
18K: Rs 11,615/g
Pune
24K: Rs 15,480/g
22K: Rs 14,190/g
18K: Rs 11,610/g
Thiruvananthapuram
24K: Rs 15,480/g
22K: Rs 14,190/g
18K: Rs 11,610/g
Amritsar
24K: Rs 15,495/g
22K: Rs 14,205/g
18K: Rs 11,625/g
