6 days ago
India Gold Prices Ease Across 24K, 22K and 18K
Gold became a little cheaper in India on September 23, 2026.
A gram of 24-carat gold cost Rs 15,420.
A gram of 22-carat gold cost Rs 14,135.
A gram of 18-carat gold cost Rs 11,565.
These prices were lower than the prices reported for September 22.
Gold also fell slightly on the Multi Commodity Exchange.
Around the world, investors were watching interest rates and inflation.
Higher interest rates for longer can put pressure on gold prices.
Gold prices in India eased on September 23, 2026, with 24-carat gold at Rs 15,420 per gram.
The 22-carat rate was Rs 14,135 per gram, while 18-carat gold cost Rs 11,565 per gram.
On the Multi Commodity Exchange, gold declined 0.11% and opened at Rs 1.52 lakh per 10 grams.
Compared with September 22, prices fell by Rs 55 for 24-carat, Rs 50 for 22-carat and Rs 41 for 18-carat gold.
Global gold prices also eased as investors assessed the possibility of major central banks keeping interest rates high for longer.
- Who
- Gold buyers and investors in India, along with major central banks and market analysts.
- What
- Gold prices for 24-, 22- and 18-carat gold declined in India, while global gold rates also eased.
- Where
- India, including the cities named in the report; gold was also traded on the Multi Commodity Exchange and global markets.
- When
- September 23, 2026, compared with prices reported for September 22.
- Why
- Investors considered whether major central banks would keep interest rates elevated for longer to control persistent inflation.
Factors Supporting Gold
Factors Pressuring Gold
Interest rates, inflation and oil
Factors Supporting Gold
The September 22 report said lower oil prices and reduced inflation fears could ease pressure on the Federal Reserve’s rate-hike path, helping support gold.
Factors Pressuring Gold
The September 23 report said gold eased as investors considered major central banks keeping interest rates elevated for longer to control persistent inflation.
Key facts
- 24-carat gold
- Rs 15,420 per gram; 99.9% purity
- 22-carat gold
- Rs 14,135 per gram; 91.6% purity
- 18-carat gold
- Rs 11,565 per gram; 75% purity
- Multi Commodity Exchange
- Gold eased 0.11% and opened at Rs 1.52 lakh per 10 grams
- Change from September 22
- 24-carat fell Rs 55, 22-carat fell Rs 50 and 18-carat fell Rs 41
- September 23 market factor
- Investors weighed the possibility of higher interest rates persisting to curb inflation
- September 22 market context
- An analyst said easing oil prices and lower inflation fears had supported gold
Quotes
Vedika Narvekar
Research Analyst for Commodities and Currencies at Anand Rathi Share and Stock Brokers
“Gold is steady today, trading near $4,362 an ounce, bouncing back after its worst day in a week yesterday.”
indianexpress.com
Sources
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