Gold and silver prices moved higher on September 16, 2026, after both precious metals recorded declines in the previous session. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose by Rs 992 to Rs 1,51,894 per 10 grams.
Silver also gained during the session. The price of one kilogram of silver increased by Rs 2,418 to Rs 2,31,159, according to IBJA data.
The precious-metals market has remained volatile this year, with gold and silver prices moving sharply in response to global interest-rate expectations, geopolitical developments and broader economic uncertainty.
Gold Price Today in India
As per the IBJA rates for September 16, the benchmark prices for different gold purities were:
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Add INDYASTORY on Google| Carat | Price per 10 grams |
|---|---|
| 24-carat | ₹1,51,894 |
| 22-carat | ₹1,39,135 |
| 18-carat | ₹1,13,921 |
| 14-carat | ₹88,858 |
These are benchmark bullion rates. The final price paid by consumers for jewellery can differ because of factors such as GST, making charges and the jeweller’s margin.
Gold Price in Major Indian Cities
Retail gold rates can vary from one city to another. The September 16 rates cited from GoodReturns were:
| City | 24-carat gold, 10 grams |
|---|---|
| Delhi | ₹1,53,590 |
| Mumbai | ₹1,53,440 |
| Kolkata | ₹1,53,440 |
| Jaipur | ₹1,53,590 |
| Bhopal | ₹1,53,490 |
| Lucknow | ₹1,53,590 |
| Raipur | ₹1,53,440 |
| Ahmedabad | ₹1,53,490 |
Source: GoodReturns, September 16, 2026
Gold and Silver Prices Fell in the Previous Session
Before the latest increase, precious-metal prices had moved lower.
Gold had declined by Rs 1,036 to around Rs 1.51 lakh per 10 grams, while silver fell by Rs 179 to approximately Rs 2.29 lakh per kilogram in the previous session, according to the supplied data.
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Add INDYASTORY on GoogleThe latest rise has therefore reversed part of the previous day’s decline.
Gold Has Gained Around Rs 19,000 in 2026
Despite frequent fluctuations, gold remains substantially more expensive than at the end of 2025.
According to the IBJA figures supplied, 10 grams of gold were priced at Rs 1,33,195 on December 31, 2025. By September 16, 2026, the benchmark price had reached Rs 1,51,894.
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Add INDYASTORY on GoogleThat represents an increase of approximately Rs 18,699, or about 14%, over the period.
Silver, meanwhile, stood at Rs 2,30,420 per kilogram at the end of 2025 and was at Rs 2,31,159 on September 16, 2026, leaving it only modestly higher than its year-end level despite substantial swings during the year.
Gold and Silver Price Movement in 2026
The supplied IBJA data shows how sharply prices have moved throughout the year:
| Date | Gold (₹/10g) | Silver (₹/kg) |
|---|---|---|
| December 31, 2025 | ₹1,33,195 | ₹2,30,420 |
| January 31, 2026 | ₹1,65,795 | ₹3,39,350 |
| February 28, 2026 | ₹1,50,997 | ₹2,66,700 |
| March 31, 2026 | ₹1,46,733 | ₹2,30,135 |
| April 30, 2026 | ₹1,50,263 | ₹2,40,331 |
| May 31, 2026 | ₹1,56,463 | ₹2,63,350 |
| June 30, 2026 | ₹1,41,286 | ₹2,25,425 |
| July 31, 2026 | ₹1,42,860 | ₹2,18,295 |
| August 31, 2026 | ₹1,55,835 | ₹2,37,199 |
| September 16, 2026 | ₹1,51,894 | ₹2,31,159 |
Note: Gold prices are per 10 grams and silver prices are per kilogram. Source: IBJA.
Why Are Gold and Silver Prices Fluctuating?
Precious-metal prices are being influenced by several global factors, including expectations around interest rates and developments in the international economy.
Market experts cited in the supplied material expect volatility to continue while investors assess the direction of US monetary policy.
Gold can also attract demand during periods of geopolitical tension and economic uncertainty because some investors use it as a store of value or portfolio diversifier. However, gold and silver prices can move in either direction, and short-term price movements are difficult to predict.
Investors should therefore consider their investment horizon and risk tolerance rather than making decisions solely on the basis of daily price movements.
3 Things to Check Before Buying Gold Jewellery
If you are planning to purchase gold jewellery, checking the quoted price alone is not enough. Keep these three points in mind:
1. Check the BIS Hallmark
Look for BIS-hallmarked gold when buying jewellery. The hallmark helps establish the purity of the gold. Buyers should check the relevant hallmarking details on the jewellery before completing the purchase.
2. Compare the Gold Rate
Check the prevailing rate for the relevant purity before buying. Rates for 24-carat, 22-carat and 18-carat gold are different, and retail prices can also vary between sellers.
It is useful to compare the quoted rate with reliable bullion-price sources and ask the jeweller to clearly state the gold weight and applicable charges.
3. Understand the Making Charges
Making charges are added by jewellers for manufacturing gold jewellery and can vary considerably depending on the design and seller.
Before purchasing, ask for a detailed breakup showing the gold value, making charges, GST and any other applicable costs. Comparing these charges between jewellers can help you understand the final price of the jewellery.
Gold Price Outlook
Gold and silver prices are likely to remain sensitive to global monetary policy, geopolitical developments and changes in investor demand.
While gold may receive support during periods of uncertainty, precious metals can also experience significant corrections. Buyers and investors should therefore distinguish between the benchmark bullion price and the final retail jewellery price before making a purchase.
Source: IBJA and GoodReturns, September 16, 2026
