Gold Prices Rebound in India Following Fed Rate Decision

Gold prices in India bounced back on September 17, 2026, following the US Federal Reserve's rate decision. The Fed raised its benchmark rate by 25 basis points to a target range of 3.75% to 4.00%, clearing uncertainty that had been weighing on markets since August.

Gold prices in India rose ₹28 per gram to ₹15,344 per gram for 24-karat gold, while the 22-karat rate increased by ₹26 to ₹14,065 per gram and the 18-karat rate climbed ₹21 to ₹11,508 per gram. All rates are pre-GST and exclude jeweller making charges.

The Fed's decision had a ripple effect on global markets, causing gold prices to initially drop to $4,290 per troy ounce before rebounding to $4,320.80, up $27.90 from the previous day. India's domestic rates tracked this recovery with a ₹28 per gram gain.