Gold, silver prices on September 18: Yellow metal rises slightly, silver hits ₹2.5 lakh. Check latest prices here

Gold, silver prices on September 18: Yellow metal rises slightly, silver hits ₹2.5 lakh. Check latest prices here

On the Multi Commodity Exchange (MCX), gold futures were up 0.27% at ₹1,53,399 per 10 gm, whereas silver futures were up 0.77% at around ₹2,40,050 per kg at the time of writing this story.

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In the retail market, gold continues to be traded mainly in two purities, 24-karat and 22-karat.In the retail market, gold continues to be traded mainly in two purities, 24-karat and 22-karat.
Business Today Desk
  • Sep 18, 2026,
  • Updated Sep 18, 2026 11:08 AM IST

Gold and silver prices in India remained majorly unchanged across 24-carat, 22-carat and 18-carat on September 16. Gold prices is now at ₹1,54,420 per 10 gm, while silver costs ₹2,50,000 per kg.

On the Multi Commodity Exchange (MCX), gold futures were up 0.27% at ₹1,53,399 per 10 gm, whereas silver futures were up 0.77% at around ₹2,40,050 per kg at the time of writing this story.

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ALSO READ | Gold hallmarking fee gets 67% hike: Titan, Kalyan Jewellers, PC Jeweller, Senco Gold shares in focus 

In the retail market, gold continues to be traded mainly in two purities, 24-karat and 22-karat. While 24-karat gold is regarded as the purest form of the precious metal, 22-karat gold is widely preferred for jewellery as it offers greater strength and durability due to the presence of alloyed metals.

Gold prices in India are influenced by several factors, including the international gold price, the exchange rate of the US Dollar, and domestic jewellery demand, especially ahead of the festive season.

Check the latest gold rates here

City24K Gold (₹ per 10gm)22K Gold (₹ per 10gm)
Delhi₹1,54,570₹1,41,700
Mumbai₹1,54,420₹1,41,550
Bengaluru₹1,54,420₹1,41,550
Kolkata₹1,54,420₹1,41,550
Hyderabad₹1,54,420₹1,41,550
Chennai₹1,52,830₹1,40,090

Check the latest silver rates here

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CitySilver (₹ per 100gm)Silver (₹ per kg)
Delhi₹25,000
₹2,50,000
Mumbai₹25,000₹2,50,000
Bengaluru₹25,000₹2,50,000
Kolkata₹25,000
₹2,49,900
Hyderabad₹24,990₹2,49,900
Chennai₹24,990₹2,49,900

MUST READ | Only 15% of India’s gold is monetised: Why gold loans could become a new consumption engine

Gold rates at top jewellers

Gold prices at leading jewellery retailers saw a slight rise on September 18, 2026, with Malabar Gold & Diamonds and Joyalukkas both quoting ₹14,155 per gm across major Indian states. Tanishq's 22K gold rate stood at ₹14,085 per gm. Malabar's 24-carat gold rate is ₹15,442 per gm and Tanishq's 24-carat gold rate stood at ₹15,333 per gm.

The marginal differences in retail prices are influenced by brand-specific pricing policies, procurement costs, and regional market conditions, while overall bullion trends continue to guide gold prices.

JewellerPurityRate (₹/gram)
Joyalukkas22K14,155
Malabar Gold & Diamonds22K14,155
Malabar Gold & Diamonds24K15,442
Tanishq22K14,055
Tanishq24K*15,333

*24K Tanishq rate estimated based on the prevailing purity premium over 22K gold.

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MUST READ | India’s hidden stimulus: How a ₹33-lakh-crore gold stockpile could boost consumption

Joyalukkas 22K Gold Rate by State

StateRate (₹/gram)
Andhra Pradesh14,155
Delhi14,155
Gujarat14,155
Karnataka14,155
Kerala14,155
Maharashtra14,155
Odisha14,155
Punjab14,155
Tamil Nadu14,155

Gold and silver prices in India remained majorly unchanged across 24-carat, 22-carat and 18-carat on September 16. Gold prices is now at ₹1,54,420 per 10 gm, while silver costs ₹2,50,000 per kg.

On the Multi Commodity Exchange (MCX), gold futures were up 0.27% at ₹1,53,399 per 10 gm, whereas silver futures were up 0.77% at around ₹2,40,050 per kg at the time of writing this story.

Advertisement

ALSO READ | Gold hallmarking fee gets 67% hike: Titan, Kalyan Jewellers, PC Jeweller, Senco Gold shares in focus 

In the retail market, gold continues to be traded mainly in two purities, 24-karat and 22-karat. While 24-karat gold is regarded as the purest form of the precious metal, 22-karat gold is widely preferred for jewellery as it offers greater strength and durability due to the presence of alloyed metals.

Gold prices in India are influenced by several factors, including the international gold price, the exchange rate of the US Dollar, and domestic jewellery demand, especially ahead of the festive season.

Check the latest gold rates here

City24K Gold (₹ per 10gm)22K Gold (₹ per 10gm)
Delhi₹1,54,570₹1,41,700
Mumbai₹1,54,420₹1,41,550
Bengaluru₹1,54,420₹1,41,550
Kolkata₹1,54,420₹1,41,550
Hyderabad₹1,54,420₹1,41,550
Chennai₹1,52,830₹1,40,090

Check the latest silver rates here

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CitySilver (₹ per 100gm)Silver (₹ per kg)
Delhi₹25,000
₹2,50,000
Mumbai₹25,000₹2,50,000
Bengaluru₹25,000₹2,50,000
Kolkata₹25,000
₹2,49,900
Hyderabad₹24,990₹2,49,900
Chennai₹24,990₹2,49,900

MUST READ | Only 15% of India’s gold is monetised: Why gold loans could become a new consumption engine

Gold rates at top jewellers

Gold prices at leading jewellery retailers saw a slight rise on September 18, 2026, with Malabar Gold & Diamonds and Joyalukkas both quoting ₹14,155 per gm across major Indian states. Tanishq's 22K gold rate stood at ₹14,085 per gm. Malabar's 24-carat gold rate is ₹15,442 per gm and Tanishq's 24-carat gold rate stood at ₹15,333 per gm.

The marginal differences in retail prices are influenced by brand-specific pricing policies, procurement costs, and regional market conditions, while overall bullion trends continue to guide gold prices.

JewellerPurityRate (₹/gram)
Joyalukkas22K14,155
Malabar Gold & Diamonds22K14,155
Malabar Gold & Diamonds24K15,442
Tanishq22K14,055
Tanishq24K*15,333

*24K Tanishq rate estimated based on the prevailing purity premium over 22K gold.

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MUST READ | India’s hidden stimulus: How a ₹33-lakh-crore gold stockpile could boost consumption

Joyalukkas 22K Gold Rate by State

StateRate (₹/gram)
Andhra Pradesh14,155
Delhi14,155
Gujarat14,155
Karnataka14,155
Kerala14,155
Maharashtra14,155
Odisha14,155
Punjab14,155
Tamil Nadu14,155

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