Gold Price Today: 24K Gold at Rs 15,284/gm as Silver Holds Near Record High Post-Fed Hike
- September 18, 2026
- Posted by: Harsh Piplani
- Category: News
Gold price today: 24K Rs 15,284/gm, 22K Rs 14,010/gm, 18K Rs 11,463/gm (Delhi slightly higher). Silver near Rs 2,45,000/kg. Spot gold rebounded 2%+ to $4,360/oz on 17 Sep.
Quick Answer
Gold price today stands at Rs 15,284 per gram for 24 karat gold, Rs 14,010 per gram for 22 karat, and Rs 11,463 per gram for 18 karat, based on the current domestic benchmark, with Delhi rates running slightly higher at Rs 15,299, Rs 14,025 and Rs 11,483 per gram respectively. Silver is holding near Rs 2,45,000 per kilogram. The moves follow international spot gold rebounding more than 2 percent on September 17 to settle at 4,360 dollars an ounce, after an earlier pullback, while silver gained over 4 percent the same day. Indian gold prices are being shaped by a combination of international gold prices, the rupee’s exchange rate, US interest rate expectations, Treasury yields, crude oil and local demand.
Gold price today stands at Rs 15,284 per gram for 24 karat gold in the domestic benchmark, with 22 karat priced at Rs 14,010 per gram and 18 karat at Rs 11,463 per gram, while Delhi’s local market is running slightly higher at Rs 15,299, Rs 14,025 and Rs 11,483 per gram for the same three purities.
Silver is holding near Rs 2,45,000 per kilogram, close to levels that market commentary has described as record or near-record territory, following international spot gold’s rebound of more than 2 percent on September 17 to 4,360 dollars an ounce, with silver gaining over 4 percent on the same day.
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Why Gold Price Today Is Reacting to the Fed’s Rate Hike
The current gold price today follows directly from the US Federal Reserve’s rate hike earlier this week under new Fed Chair Kevin Warsh, the central bank’s first increase in more than three years. Gold’s reaction has been somewhat counterintuitive at first glance, since higher rates typically raise the opportunity cost of holding a non-yielding asset like gold, but the metal rebounded sharply instead, suggesting investors are reading the Fed’s signal of further tightening ahead as confirmation that underlying inflation risk remains real.
Silver’s even sharper gain, over 4 percent in a single session, reflects the metal’s dual role as both a precious metal that tracks gold’s safe-haven demand and an industrial commodity sensitive to broader economic activity expectations.
| Purity | India Benchmark (Rs/gm) | Delhi (Rs/gm) |
|---|---|---|
| 24 Karat | 15,284 | 15,299 |
| 22 Karat | 14,010 | 14,025 |
| 18 Karat | 11,463 | 11,483 |
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What’s Shaping Domestic Gold Price Today Specifically
Indian gold prices are never a pure reflection of the international dollar price alone. The rupee’s exchange rate against the dollar, currently trading near 95.77, directly affects how much a given international gold price translates into in rupee terms, meaning rupee weakness tends to push domestic gold prices higher even when the dollar price is unchanged.
Beyond currency, domestic gold price today is also shaped by crude oil prices, currently near 102.68 dollars a barrel, US Treasury yields, and local jewellery and investment demand, all of which can move independently of the international spot price and create regional variation between cities.
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City-Wise Variation in Gold Rates
Gold rates vary meaningfully across Indian cities due to differences in local taxes, transportation costs and jeweller margins, even when tracking the same underlying international price. Delhi’s rates of Rs 15,299 for 24 karat gold sit slightly above the pan-India benchmark of Rs 15,284, a gap that is typical and generally reflects these local cost factors rather than any difference in gold quality.
Buyers should always verify current rates for their specific city and purity before making a purchase, since prices can shift multiple times during a single trading day in response to international market movements.
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Conclusion
Gold price today reflects a market still digesting the Fed’s rate hike, with both gold and silver rebounding sharply even as higher US rates would typically be expected to weigh on precious metals. Buyers and investors should verify current city-specific rates before transacting and track ongoing Fed commentary for the next directional cues, and should consult a SEBI-registered investment adviser before making investment decisions.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the gold price today for 24 karat gold?
Ans. The domestic benchmark for 24 karat gold stands at Rs 15,284 per gram, with Delhi’s local rate slightly higher at Rs 15,299 per gram.
What is the gold price today for 22 karat gold?
Ans. 22 karat gold is priced at Rs 14,010 per gram in the domestic benchmark, and Rs 14,025 per gram in Delhi.
What is the current silver rate?
Ans. Silver is holding near Rs 2,45,000 per kilogram.
Why did gold prices rebound despite the Fed’s rate hike?
Ans. Gold rebounded as investors read the Fed’s signal of further tightening ahead as confirmation that inflation risk remains real, boosting gold’s safe-haven and inflation-hedge appeal despite higher rates.
Why do gold rates differ between cities like Delhi and the national benchmark?
Ans. City-wise variation typically reflects differences in local taxes, transportation costs and jeweller margins rather than differences in gold quality.
What factors other than the international gold price affect domestic rates?
Ans. The rupee-dollar exchange rate, crude oil prices, US Treasury yields, and local jewellery and investment demand all influence domestic gold price today alongside the international spot price.
