Gold Prices Fall on September 21: Check Latest 22K and 24K Rates in Major Cities

Gold prices moved lower across several Indian cities on Monday, September 21, 2026, marking a subdued start to the new trading week. In Delhi, the indicative price of 24-carat gold declined to ₹1,55,980 per 10 grams, while 22-carat gold was quoted at ₹1,42,990 per 10 grams in the morning.

Mumbai, Chennai, Kolkata and Hyderabad reported slightly lower rates than Delhi. In these cities, 24-carat gold was priced at ₹1,55,830 per 10 grams, while 22-carat gold stood at ₹1,42,840.

The decline came after a week of gains in the domestic bullion market. During the previous week, 24-carat gold became costlier by as much as ₹1,260 per 10 grams in some cities, while 22-carat gold gained up to ₹1,150. Silver also recorded a weekly increase of ₹10,000 per kilogram.

Gold Prices in Major Indian Cities on September 21

These are indicative bullion rates reported for the morning of September 21. Prices can change during the day and may differ among jewellers.

Gold Rate in Delhi

Delhi recorded one of the highest prices among the cities included in the list. The rate of 24-carat gold stood at ₹1,55,980 per 10 grams, while 22-carat gold was available at an indicative price of ₹1,42,990.

The difference between the two purity levels reflects their gold content. While 24-carat gold is considered the purest form and is commonly purchased for investment, 22-carat gold is generally preferred for jewellery because it is mixed with other metals to improve durability.

Rates in Mumbai, Kolkata and Chennai

Mumbai, Kolkata and Chennai reported identical prices in the morning. The rate of 24-carat gold was ₹1,55,830 per 10 grams, while 22-carat gold was quoted at ₹1,42,840.

The same rates were reported in Hyderabad. Pune and Bengaluru were also placed at comparable levels, with 24-carat gold priced at approximately ₹1,55,830 and 22-carat gold at ₹1,42,840 per 10 grams.

City-wise variations may arise because of local demand, transportation expenses, dealer margins and other market-level factors.

What Is Happening in the International Gold Market?

The source report cited an international spot-gold reference of $4,390.11 per ounce following a weekly gain of nearly 1%. Global gold had strengthened toward the end of the previous week, with easing crude-oil prices and changing expectations around interest rates influencing demand. Reuters reported spot gold at $4,390.11 per ounce on Friday, September 18.

However, prices softened in early trading on Monday as investors assessed interest-rate signals and movements in government-bond yields. Gold does not generate regular interest, so higher yields can reduce its appeal compared with interest-bearing assets.

Gold May Remain Volatile This Week

Analysts expect bullion prices to remain sensitive to several domestic and global developments during the week. Movement may stay within a limited range, but sudden changes in economic or geopolitical conditions could lead to volatility.

The key factors likely to influence gold prices include:

• Movement in the US dollar
• Changes in US Treasury bond yields
• Expectations surrounding central-bank interest rates
• Geopolitical tensions in West Asia
• International crude-oil prices
• Rupee-dollar exchange-rate fluctuations
• Festival and wedding-season demand in India

A stronger dollar generally makes gold more expensive for buyers using other currencies. Higher bond yields may also weigh on the precious metal. Conversely, geopolitical uncertainty can increase safe-haven demand for gold.

Silver Price Also Declines

Silver also moved lower on Monday morning. The domestic price was reported at ₹2,54,900 per kilogram on September 21.

Despite the daily decline, silver had risen by ₹10,000 per kilogram during the preceding week. The report cited international spot silver at $66.70 per ounce, a level also reported at the end of the previous week.

Silver is affected by both investment demand and industrial consumption. It is widely used in electronics, solar-energy equipment and other manufacturing applications. This means its price can react not only to movements in gold but also to changes in global industrial activity.

Check the Final Jewellery Bill Carefully

The listed gold rate is not necessarily the final amount a buyer pays at a jewellery store. The retail bill may also include:

• Making charges
• Goods and Services Tax
• Wastage or design-related charges
• Hallmarking-related costs
• Jeweller’s margin

Buyers should check the purity, weight and hallmark details before completing a purchase. They should also ask for a proper invoice containing a clear breakup of the gold value and additional charges.

Gold and silver prices can be revised several times during a trading session. Anyone planning a purchase or investment should therefore confirm the live rate with a trusted jeweller, bullion association or trading platform before making a financial decision.