Gold Rate Today: Gold Falls 0.5%, Silver Also Declines in Early Trade
Gold prices opened lower on Monday, September 21, after the domestic futures market resumed trading following the weekend break. Gold declined around 0.5% during the early session, while silver also moved down.
The movement in precious metals comes as uncertainty surrounding the ongoing US-Iran conflict continues to influence global markets. Gold is traditionally watched closely during periods of geopolitical uncertainty, although prices can also be affected by interest rates, currencies and other market factors. Reuters reported that gold prices slipped 0.5% on Monday as global markets responded to developments in the Middle East.
On the Multi Commodity Exchange (MCX), the October 5 gold futures contract was trading at ₹153,870 per 10 grams in early trade. Meanwhile, the December 4 silver contract declined 0.39% to ₹240,663 per kilogram.
City-Wise Gold Rates TodayGold prices in the retail market vary across cities. According to the rates provided in the source, the latest prices for 24-carat and 22-carat gold are:
City 24K Gold (₹/10g) 22K Gold (₹/10g)| Mumbai | ₹154,250 | ₹141,396 |
| New Delhi | ₹153,960 | ₹141,130 |
| Bengaluru | ₹154,350 | ₹141,488 |
| Kolkata | ₹154,020 | ₹141,185 |
| Hyderabad | ₹154,470 | ₹141,598 |
| Chennai | ₹154,670 | ₹141,781 |
The quoted rates are for the respective purity levels and may differ from the final amount paid by a customer when additional charges are included.
Silver also recorded a decline in the domestic futures market. The city-wise Silver 999 Fine rates mentioned in the source are:
City Silver 999 Fine (₹/kg)| Mumbai | ₹240,200 |
| New Delhi | ₹239,970 |
| Bengaluru | ₹240,580 |
| Kolkata | ₹240,070 |
| Hyderabad | ₹240,770 |
| Chennai | ₹241,090 |
The retail silver rates can vary between locations and sellers depending on the applicable market conditions and charges.
UN Report Highlights Claims Over Iran StrikesGeopolitical developments remain an important factor in the current market environment. A United Nations fact-finding mission said it had “reasonable grounds” to believe that the United States was responsible for two military strikes on a school and a sports facility in Iran in February. The mission concluded that the strikes constituted war crimes. Reuters reported the findings from the Independent International Fact-Finding Mission on Iran.
The same UN investigation also said Iranian authorities committed crimes against humanity during their crackdown on anti-government protests. The mission called for both sides to stop violations and crimes and provide compensation to victims. These are findings and conclusions attributed to the UN mission, rather than an independent determination in this article.
In the Indian retail market, gold is commonly available in different purity levels, including 24-carat and 22-carat. While 24-carat represents the higher-purity form, 22-carat gold is widely used for jewellery.
According to the Indian Bullion Association data cited in the source, 24-carat gold was priced at ₹154,530 per 10 grams on Monday, while 22-carat gold stood at ₹141,653 per 10 grams.
Silver 999 Fine was quoted at ₹240,640 per kilogram.
The final amount paid for jewellery can be higher than the quoted gold rate because jewellers may add making charges, applicable taxes and GST.
DisclaimerThe prices and market information in this article are provided for general informational purposes and relate to the specified trading session. Precious-metal prices can change during the day and may differ between futures markets, bullion rates and individual retailers. Jewellery prices can also vary after adding making charges, taxes and other applicable costs. Readers should verify the latest rates with an authorised bullion source or jeweller before making any purchase or investment decision.