Indian Gold Market Sees High Prices Amid September Fluctuations

The Indian gold market has begun October with high prices, but September saw significant fluctuations. According to retail indicative data, 24K gold is priced at ₹14,957 per gram, while 22K and 18K gold are priced at ₹13,710 and ₹11,218 per gram respectively.

The cost of 10 grams of each variant is ₹1,49,570 for 24K gold, ₹1,37,100 for 22K gold, and ₹1,12,180 for 18K gold. In September, 24K gold dropped by 5.18% in Delhi, from ₹15,708 per gram at the start of the month to ₹14,894 at the end.

The international spot gold price was $4,170.63 per ounce, while US gold futures were up 0.5% to $4,201.90 per ounce. The rupee-dollar exchange rate and local market costs also influence domestic jewellery prices.