Gold, silver rates today, September 30: Prices rise ahead of festive, wedding season; Check city-wise rates

Gold and silver prices continued to trade higher on Wednesday, September 30, with both precious metals recording gains in the domestic market. Gold prices also remained in focus as buyers weigh elevated prices ahead of the festive and wedding season.

Gold price today in India

The 22K gold rate was ₹13,773 per gram, while 20K and 18K gold were priced at ₹12,521 and ₹11,269 per gram, respectively.

These are indicative rates and the final price paid by jewellery buyers can be higher after GST, making charges and other applicable premiums.

Silver price today in India

For other grades, 925 Sterling silver was priced at ₹210 per gram, while 900 Coin silver was ₹204 per gram.

As with gold, the final price of silver products can vary depending on GST, dealer premiums, making charges and other applicable costs.

MCX gold and silver rates today

On the Multi Commodity Exchange (MCX), gold was trading 0.64% higher at ₹1,49,810 per 10 grams on September 30. MCX silver futures were trading around 0.43% higher at ₹2,26,270 per kg at around 9:13 AM.

Gold rates in major Indian cities

According to GoodReturns, gold rates showed some variation across major Indian cities.

In Chennai, 24K gold was priced at ₹1,49,570 per 10 grams, while 22K and 18K gold were priced at ₹1,37,100 and ₹1,14,700, respectively.

In Mumbai, 24K gold was priced at ₹1,49,570 per 10 grams, while 22K and 18K gold stood at ₹1,37,100 and ₹1,12,180, respectively.

In Delhi, the 24K gold rate was ₹1,48,940 per 10 grams, with 22K at ₹1,37,250 and 18K at ₹1,12,330.

Kolkata, Bengaluru, Hyderabad, Kerala and Pune recorded 24K gold at ₹1,49,570 per 10 grams, while 22K and 18K gold were priced at ₹1,37,100 and ₹1,12,180, respectively.

In Vadodara and Ahmedabad, 24K gold was priced at ₹1,49,620 per 10 grams. The 22K and 18K rates were ₹1,37,150 and ₹1,12,230, respectively.

Silver rates in major Indian cities

According to GoodReturns, silver rates were uniform across the major cities covered.

In Chennai, Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, Vadodara and Ahmedabad, silver was priced at ₹2,400 per 10 grams, ₹24,000 per 100 grams and ₹2,40,000 per kilogram.

The final price may vary depending on local taxes, dealer margins and other applicable charges.

The latest price environment comes as jewellery buyers remain cautious about making discretionary purchases.

In its report, India Gold Market Update, Cautious Festive Optimism, dated September 17, the World Gold Council (WGC) said consumers were holding back discretionary purchases after a sharp rally and subsequent pullback in gold prices over the previous two months.

The report, authored by Kavita Chacko, Research Head for India at the WGC, described the mood in the gold market as one of “cautious festive optimism.”

According to the WGC report, high gold prices have made jewellery buyers more cautious, with industry feedback indicating that consumers have moved into a “wait-and-watch mode”, particularly for discretionary purchases.

Retailers are also being cautious about building inventory and are replenishing stocks based on actual demand. Some manufacturers have reported delays in retailers taking up orders, the report said.