India's Retail Gold Prices Drop Amid Stronger Rupee

India's retail gold prices dropped on Saturday, September 5, 2026, bringing relief to household buyers. The decline comes after a volatile trading week.

The stronger rupee has cushioned the local market from high international bullion rates. High-purity 24-karat gold (99.9% purity) is now priced at ₹15,480 per gram, down by ₹186 from the previous rate. Standard 22-karat gold (91.6% purity), preferred for traditional jewellery, stands at ₹14,190 per gram, showing a decrease of ₹170. For those looking at 18-karat gold (75% purity), the price has dropped to ₹11,610 per gram, a decline of ₹139.

Local prices vary across regions due to local market factors. Chennai registers the highest prices in the country, where 24-karat gold costs ₹15,667 per gram, 22-karat is ₹14,361, and 18-karat is ₹12,131. Delhi is slightly cheaper, listing 24-karat at ₹15,495, 22-karat at ₹14,205, and 18-karat at ₹11,625.