New Delhi/Patna: Gold and silver prices declined on Monday, September 28, with the price of 24-carat gold falling to Rs 1,48,048 per 10 grams, while silver dropped to Rs 2.23 lakh per kg, according to the figures provided by the India Bullion and Jewellers Association (IBJA).
The 24-carat gold rate fell by Rs 4,065, while silver declined by Rs 9,158 per kg.
Gold Rates By Purity
According to the attached rate chart, gold prices on September 28 were:
- 24-carat: Rs 1,48,048 per 10 grams
- 22-carat: Rs 1,35,612 per 10 grams
- 18-carat: Rs 1,11,036 per 10 grams
- 14-carat: Rs 86,608 per 10 grams
Gold Prices In Major Cities
The 24-carat gold rate for 10 grams in major cities was:
- Delhi: Rs 1,50,320
- Mumbai: Rs 1,50,170
- Kolkata: Rs 1,50,170
- Jaipur: Rs 1,50,320
- Bhopal: Rs 1,50,220
- Patna: Rs 1,50,220
- Lucknow: Rs 1,50,320
- Raipur: Rs 1,50,170
- Ahmedabad: Rs 1,50,220
The attached rate chart cites Goodreturns as its source and is dated September 28, 2026.
Gold, Silver Lose Ground In September
Gold has become cheaper by around Rs 8,000 over the past 28 days, according to the figures provided. On August 31, gold was priced at around Rs 1.56 lakh per 10 grams, compared with Rs 1.48 lakh currently.
Silver has also declined by around Rs 14,000 per kg during the same period, falling from Rs 2.37 lakh on August 31 to Rs 2.23 lakh.
Will The Decline Continue?
The supplied market assessment suggests that fluctuations in gold and silver prices could continue in the near term.
Higher US interest rates have contributed to pressure on gold prices, while geopolitical tensions and economic uncertainty could continue to support demand for gold as a safe-haven asset.
Market participants are therefore advised to remain cautious amid signs of weakness. A significant further decline, however, could also create a potential buying opportunity, according to the assessment provided.
What To Check Before Buying Gold
Consumers should keep two key points in mind when purchasing gold from jewellers.
Buy certified gold: Buyers should check for a BIS hallmark and the alphanumeric hallmarking code, which indicates the purity of the gold.
Check the price and weight: The exact weight and prevailing rate should be verified on the day of purchase. Buyers can cross-check prices through multiple sources, including the India Bullion and Jewellers Association. Rates vary according to purity, including 24-carat, 22-carat and 18-carat gold.
