Gold prices are witnessing fresh fluctuations during the festive season, making daily rate checks increasingly important for buyers planning to purchase jewellery or invest in the precious metal. On Wednesday, September 16, 2026, gold remained under pressure across domestic and international markets, while futures prices on the Multi Commodity Exchange (MCX) also showed a marginal decline.

In Delhi’s bullion market, the quoted price of 24-carat gold stood at ₹1,54,400 per 10 grams, including applicable taxes. Meanwhile, MCX gold futures were quoted at ₹1,52,086 per 10 grams, slightly below the previous trading session’s level of ₹1,52,130.

Prices can vary considerably depending on the market, city, taxes and the source of the quotation. Therefore, consumers should check the final rate with a local jeweller before making a purchase.

Gold Price Today: Key Market Rates

According to the available figures, 24-carat gold in the bullion market was quoted at ₹1,51,350 per 10 grams. Another market reference placed the 24-carat rate at ₹1,53,320 per 10 grams.

In the international market, gold was trading at around $4,326.90 per ounce.

The difference between these quotations does not necessarily indicate an error. Gold prices published by different platforms can vary because some figures may include taxes and other charges while others may represent benchmark, wholesale or futures-market prices.

Local demand, transportation costs and regional market conditions can also influence retail rates. Jewellery buyers should also remember that making charges and other applicable costs may be added separately to the basic gold price.

City-Wise Gold Rates for September 16, 2026

Here are the available indicative prices for 10 grams of 24-carat, 22-carat and 18-carat gold across major Indian cities:

These are indicative market rates and may differ from the final amount charged at jewellery stores.

Gold Rates Based on Purity

The value of gold changes according to its purity. While 24-carat gold has the highest purity among commonly traded categories, lower-carat varieties contain a greater proportion of other metals.

Based on the bullion figures provided, the indicative price for 10 grams according to purity was:

Jewellery is commonly made using 22-carat or 18-carat gold because pure 24-carat gold is comparatively soft. Buyers should check the purity and hallmarking details before completing a jewellery purchase.

Gold Became Cheaper in Delhi in the Previous Session

Gold had recorded a notable decline in Delhi’s bullion market on Tuesday. The price reportedly dropped by ₹1,000 per 10 grams to reach ₹1,54,400.

Weakness in international precious-metal markets and strength in the US dollar were cited among the factors influencing the decline. Spot gold in the global market had also fallen by around 0.52% to approximately $4,276.52 per ounce during the previous session.

Gold prices can react to several international factors, including movements in the US dollar, interest-rate expectations, bond yields, geopolitical developments and investor demand for safe-haven assets.

Why Gold Prices Differ From One City to Another

Consumers may notice that the same purity of gold does not always carry an identical price across India. Local taxes, transportation and logistics expenses, demand and supply conditions, and differences in dealer pricing can contribute to variations.

The final jewellery bill can be higher than the quoted gold rate because making charges and applicable taxes may be added separately.

Therefore, anyone planning to buy gold during the festive season should compare the latest local rates, verify the purity and hallmark, and ask the jeweller for a complete price breakup before making payment.

Note: Gold prices can change during the trading day. The figures above are based on the rates provided for September 16, 2026 and should be treated as indicative. Buyers should verify the latest retail price with their jeweller before purchasing.