Gold Rate Today (5 Sept 2026): 24K Drops to ₹15,480/g | 22K & 18K Prices in India
New Delhi: Gold Rate Today (September 5, 2026): Gold prices in India registered a sharp drop on Saturday morning following global market adjustments. Benchmark 24K gold fell by ₹186 per gram to ₹15,480 per gram (₹1,54,800 per 10 grams), down from Friday’s close.
The sudden pullback comes right ahead of the upcoming festive season as a stronger-than-expected US employment report pushed back expectations of aggressive Federal Reserve interest rate cuts, strengthening the US dollar.
Benchmark Gold & Silver Rates in India Today (IBJA Rates)
These standard IBJA benchmark figures exclude local GST (3%) and jeweler making charges:
|
Purity Grade |
Rate Per Gram |
Rate Per 10 Grams |
24-Hour Change |
|
24K Gold (999 Fine) |
₹15,480 |
₹1,54,800 |
▼ ₹186/g |
|
22K Gold (916 Hallmarked) |
₹14,190 |
₹1,41,900 |
▼ ₹170/g |
|
18K Gold (750 Fine) |
₹11,610 |
₹1,16,100 |
▼ ₹139/g |
|
Fine Silver (999 Grade) |
₹250 |
₹2,500 |
▼ ₹4/g |
City-Wise Gold Rates Across Major Indian Metro Cities
Local octroi and state transport costs cause minor variations across regional hubs:
|
City / Region |
24K Gold (10g) |
22K Gold (10g) |
18K Gold (10g) |
|
New Delhi / NCR |
₹1,54,950 |
₹1,42,050 |
₹1,16,250 |
|
Mumbai |
₹1,54,800 |
₹1,41,900 |
₹1,16,100 |
|
Kolkata |
₹1,54,800 |
₹1,41,900 |
₹1,16,100 |
|
Chennai |
₹1,56,670 |
₹1,43,610 |
₹1,21,310 |
|
Bengaluru / Hyderabad |
₹1,54,800 |
₹1,41,900 |
₹1,16,100 |
Why Did Gold Prices Drop Today?
-
US Jobs Data Scaled Back Rate Cut Bets: Non-farm payroll data released in the US exceeded wall street expectations. This prompted money managers to trim expectations of immediate rate cuts by the Federal Reserve, boosting US Treasury yields and cooling gold demand.
-
Dollar Index Surge: The US Dollar Index rallied following the macro release. Because bullion is denominated in USD globally, a firmer dollar makes gold imports relatively more expensive, dampening short-term spot buying.
-
Pre-Festival Profit Taking: Following gold's recent rally over August, domestic traders locked in gains ahead of upcoming physical buying surges during the festive period.
What Buyers & Investors Need to Consider
-
Jewelry Buyers: Always verify the BIS Hallmark stamp (featuring the 6-digit HUID code) before purchasing 22K or 18K physical jewelry. Remember to factor in 3% GST plus maker fees (which usually range from 8% to 18%).
-
Investors: Digital gold formats like Sovereign Gold Bonds (SGBs) secondary trades, Gold ETFs, and MCX Futures track international spot movements without incurring making charge losses. Market analysts view the current pullback as a routine macro-driven correction within a long-term structural bull cycle.