Gold Prices Bounce Back, Rise As Much As 1% to $4,330 an Ounce
Gold prices across purities rose on September 16, 2026, with 22K gold jewellery rates increasing compared to Tuesday's prices. The India Bullion and Jewellers Association (IBJA) indicative rates for different gold purities and 999-purity silver also saw an uptick.
The recovery in gold prices comes after two straight sessions of losses, Vedika Narvekar from Anand Rathi Share and Stock Brokers explained. 'Gold is bouncing back today, rising as much as 1% to above $4,330 an ounce, after a modest pullback in oil prices eased some of the recent inflation anxiety.'
The Fed's rate decision, with markets pricing in a 93% chance of a hike, remains a key event. Tanishq's price for 22K gold jewellery is Rs 14,110 per gram across major cities, up from Rs 14,085 per gram on September 15.