Gold Rate Today, September 15: Gold and Silver Prices Slip Slightly, Check Rates in Major Cities
Gold prices witnessed a mild decline on Monday, September 15, 2025, compared to last week’s levels. Both 22-carat and 24-carat gold slipped by up to ₹200 per 10 grams in the domestic market. Despite the dip, gold continues to trade near its record highs, driven by global market trends and investor sentiment.
According to the latest updates, the price of 22-carat gold is hovering above ₹1,01,800 per 10 grams, while 24-carat gold is trading above ₹1,11,200 per 10 grams in India. The marginal drop has come as a relief for buyers, especially ahead of the festive season, but experts note that international factors are keeping gold close to its peak levels.
Alongside gold, silver prices also slipped slightly. On Monday, silver was trading at ₹1,32,900 per kilogram, marking a decline of about ₹100. However, analysts believe silver prices may remain volatile in the coming weeks depending on global industrial demand and movement in the US dollar.
Gold and Silver on MCXOn the Multi Commodity Exchange (MCX), gold futures showed a minor fall of 0.06% in early trading, bringing prices down to ₹1,09,302 per 10 grams. Silver futures, meanwhile, witnessed a marginal rise of 0.09%, with prices touching ₹1,28,959 per kilogram.
Rahul Kalantri, Vice President (Commodities) at Mehta Equities, explained that gold prices are currently hovering close to $3,650 per ounce in the international market, which is near their all-time high. The ongoing rally in gold is primarily linked to a weakening US dollar and expectations of interest rate cuts in the coming months.
“When the dollar falls, investors usually look for safer assets, and gold becomes their top choice. This increases demand significantly. Moreover, central banks across the globe continue to purchase gold, which is lending additional support to prices,” Kalantri noted.
| Delhi | 1,01,950 | 1,11,210 |
| Chennai | 1,01,800 | 1,11,060 |
| Mumbai | 1,01,800 | 1,11,060 |
| Kolkata | 1,01,800 | 1,10,520 |
| Jaipur | 1,01,950 | 1,11,210 |
| Noida | 1,01,950 | 1,11,210 |
| Ghaziabad | 1,01,950 | 1,11,210 |
| Lucknow | 1,01,950 | 1,11,210 |
| Bengaluru | 1,01,800 | 1,11,060 |
| Patna | 1,01,800 | 1,11,060 |
These city-wise variations reflect not only global pricing trends but also local factors such as logistics, making charges, and regional demand.
What Determines Gold Prices in India?Gold rates in India are influenced by a combination of domestic and global factors. Key elements include:
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International Market Prices: Since India imports most of its gold, global price fluctuations have a direct impact.
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Import Duty and Taxes: Changes in customs duty or GST can affect retail gold prices.
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Currency Exchange Rates: The value of the Indian Rupee against the US Dollar plays a crucial role in determining import costs.
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Cultural Demand: Gold is an integral part of Indian traditions, especially during weddings and festivals, which keeps demand strong throughout the year.
Because of these factors, gold rates in India vary daily and can differ slightly between cities.
Outlook for Gold InvestorsWhile prices have cooled slightly, experts suggest that gold could remain firm in the near term due to global economic uncertainties. The weak US dollar, potential rate cuts by central banks, and consistent gold buying by global institutions may continue to support elevated prices.
For Indian investors, even a small dip in prices could be an opportunity to accumulate gold, especially with the festive and wedding season approaching. However, buyers are advised to track daily rates and make informed decisions.