Gold and silver prices moved lower on September 29, 2026, extending weakness in the precious-metals market. According to the supplied price update, 24-carat gold is trading at around ₹1.50 lakh per 10 grams across several major Indian cities, while silver has also recorded a decline.

The report says 24-carat gold has become ₹2,510 cheaper per 10 grams over the past two days, while 22-carat gold has declined by ₹2,310 during the same period. On September 29 alone, both 24-carat and 22-carat gold were reported to have fallen by ₹10 per 10 grams.

Silver has also weakened after remaining stable for three days. The supplied data shows that silver declined by ₹100 per kg on September 29 and has fallen by a total of ₹5,100 per kg over the last two days.

Market analysts quoted in the source linked the pressure on precious metals to factors including higher bond yields, movements in the US dollar, crude oil prices, inflation concerns and uncertainty surrounding developments in West Asia.

Gold Price Today: Check Rates in 10 Major Cities

Gold prices vary slightly across cities and according to purity. Here are the September 29 rates supplied for 24-carat, 22-carat and 18-carat gold:

Among the cities listed above, 24-carat gold is priced at ₹1,50,160 per 10 grams in Mumbai, Kolkata, Chennai, Bengaluru and Hyderabad, compared with ₹1,50,310 in Delhi, Lucknow and Patna.

Jaipur and Ahmedabad fall in between, with 24-carat gold listed at ₹1,50,210 per 10 grams.

Where Is 22-Carat Gold Cheaper?

People planning to buy jewellery often follow 22-carat gold prices, although the final jewellery bill depends on more than the headline gold rate.

According to the supplied rates, 22-carat gold costs ₹1,37,640 per 10 grams in Mumbai, Kolkata, Chennai, Bengaluru and Hyderabad.

The rate is ₹1,37,690 in Jaipur and Ahmedabad and ₹1,37,790 in Delhi, Lucknow and Patna.

However, these figures should not be treated as the final price of a piece of jewellery. Making charges, applicable taxes, wastage or other jeweller-specific components can change the amount a customer ultimately pays.

Therefore, a city with a slightly lower quoted gold rate may not necessarily produce the cheapest final jewellery bill.

18-Carat Gold Price on September 29

The difference is more noticeable in the 18-carat category.

Mumbai, Kolkata, Bengaluru and Hyderabad have a listed 18-carat gold price of ₹1,12,620 per 10 grams.

Jaipur and Ahmedabad are at ₹1,12,670, while Delhi, Lucknow and Patna are at ₹1,12,770.

Chennai stands out in the supplied table with an 18-carat rate of ₹1,15,340 per 10 grams, despite its 22-carat and 24-carat prices matching those of several other major cities.

Consumers purchasing jewellery should check the live rate and purity with the jeweller before completing a transaction.

Silver Price Falls for Second Consecutive Day

Silver has also moved lower.

According to the supplied market update, silver had remained stable for three days before falling for two consecutive sessions.

Across these two days, the price of one kilogram of silver is reported to have fallen by approximately ₹5,100.

On September 29 alone, silver became ₹100 cheaper in Delhi.

The latest prices supplied for the four major metropolitan cities are:

Silver is therefore listed at the same price of ₹2,39,900 per kg in Delhi, Mumbai and Kolkata, while Chennai is considerably higher at ₹2,44,900 per kg.

The difference between Chennai and the other three metropolitan cities in this list is ₹5,000 per kg.

Why Are Gold Prices Under Pressure?

The supplied report attributes the latest weakness in gold to a combination of international factors rather than a single development.

It points to uncertainty in West Asia, rising bond yields, higher crude oil prices, inflation concerns and expectations around the future direction of US monetary policy.

When bond yields rise, interest-bearing assets can become relatively more attractive compared with gold, which does not generate regular interest income. Movements in the US dollar and expectations about interest rates can also influence international precious-metal markets.

These relationships, however, are not always straightforward, and gold can react differently depending on the broader economic and geopolitical environment.

What Analysts Are Watching

Nirpendra Yadav, Senior Research Analyst at Bonanza, was quoted in the source as saying that rising crude oil prices are increasing inflation concerns. According to his view, this is contributing to strength in US Treasury yields and the dollar and could influence expectations about how restrictive the US Federal Reserve keeps monetary policy.

He suggested that investors monitor the US dollar, Treasury yields, crude oil prices and upcoming US inflation and employment data because these indicators could influence expectations surrounding Federal Reserve policy.

Vedika Narvekar, Research Analyst for Commodities and Currencies at Anand Rathi Shares and Stock Brokers, was quoted as highlighting uncertainty around the Strait of Hormuz, elevated oil prices and inflation concerns.

The source attributed to her the observation that the US 10-year Treasury yield had risen to around 5.20%, adding pressure on gold. Her cited view was that gold could remain under pressure until there is greater clarity around US-Iran developments or bond yields ease.

These are analyst assessments rather than guarantees about the future direction of gold prices.

Should Buyers Wait for Gold to Fall Further?

A decline over one or two trading sessions does not establish where gold will trade next.

Gold prices can respond to several rapidly changing variables, including international spot prices, the rupee-dollar exchange rate, interest-rate expectations, bond yields, inflation data, central-bank decisions and geopolitical developments.

Jewellery buyers also need to distinguish between the quoted gold rate and the amount ultimately charged by a jeweller.

Apart from the value of gold itself, the final bill can include applicable taxes, making charges and other components.

Gold and Silver Price Today: Key Takeaway

On September 29, 2026, 24-carat gold is listed at around ₹1.50 lakh per 10 grams across the 10 cities covered in the supplied data.

The 24-carat rate stands at ₹1,50,310 in Delhi, ₹1,50,160 in Mumbai, ₹1,50,160 in Kolkata, ₹1,50,160 in Chennai and ₹1,50,210 in Jaipur.

Silver, meanwhile, is listed at ₹2,39,900 per kg in Delhi, Mumbai and Kolkata, while Chennai's rate is ₹2,44,900 per kg.

Although analysts quoted in the source have identified bond yields, oil prices, inflation and geopolitical uncertainty as important factors to watch, future gold and silver prices remain uncertain. Buyers and investors should therefore check current market rates and their own financial requirements rather than treating short-term price movements as a guaranteed indication of what comes next.

Disclaimer: Gold and silver prices can change during the trading day and may differ across dealers and locations. Analyst comments represent their respective views. This article is for general information only and should not be treated as personalised investment advice.