Gold Rate Today, September 30: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities

On September 30, 2026, the gold rate in India spiked to Rs 14,957 per gram for 24 carat gold, up Rs 77 from the previous day. 22 carat gold reached Rs 13,710 per gram, an increase of Rs 70 compared to September 29. Meanwhile, 18 carat gold rose to Rs 11,218 per gram, marking a gain of Rs 58 over the previous day. Vikram Subburaj, CEO of Giottus.com, remarked that MCX October gold closed at ₹1,46,247 per 10 grams on September 29, a decline of ₹557 or 0.38%.

December gold was noted at around ₹1,48,766 in Tuesday trading. December silver saw a slight decrease to around ₹2,25,945, down 0.91%. The decline in gold prices has been steep, falling from around ₹1.54 lakh per 10 grams in mid-September to approximately ₹1.46 lakh. Amidst this volatility, a recent statement from New York Fed President John Williams indicated a lack of urgency for another rate hike, causing markets to lower the probability of an October hike to around 50%, down from nearly 70% earlier.

Purity levels for gold varied city-wise: in Chennai, 24K gold was priced at Rs 14,957 per gram, 22K at Rs 13,710, and 18K at Rs 11,470. In Mumbai, the rates were similar, with 24K at Rs 14,957, 22K at Rs 13,710, and 18K at Rs 11,218. Delhi saw 24K gold at Rs 14,894 per gram, 22K at Rs 13,725, and 18K at Rs 11,233. Kolkata mirrored Chennai's rates with 24K at Rs 14,957, 22K at Rs 13,710, and 18K at Rs 11,218.

Bangalore, Hyderabad, Pune, Vadodara, and Ahmedabad also adhered to these pricing structures. The recent tensions in West Asia, particularly the breakdown of a 60-day maritime armistice between the US and Iran, have led to renewed military activity and severed diplomatic channels. This geopolitical instability has triggered a safe-haven rally, driving up both domestic gold prices and international spot benchmarks.