Gold and silver prices remained under pressure on September 29, 2026, with both precious metals trading lower on the Multi Commodity Exchange (MCX). International prices also showed weakness, while retail gold rates continued to differ across major Indian cities.

According to the supplied market data, silver on MCX declined by ₹1,404 to ₹2,26,038 per kg. Gold was also trading lower, falling by ₹139 to ₹1,46,665 per 10 grams.

The international market showed a similar trend. Gold on COMEX slipped 0.01% to around $4,168 per ounce, while silver declined 1.10% to approximately $61 per ounce.

Consumers planning to buy jewellery should remember that MCX futures prices, international bullion quotations and retail jewellery rates are different benchmarks. The final amount paid at a jewellery store can also include GST, making charges and other applicable costs.

Gold Price Falls on MCX

Gold continued to trade in negative territory on September 29.

According to the supplied information, MCX gold declined by ₹139 and was trading at ₹1,46,665 per 10 grams.

The source separately states that the gold-market price after including GST had reached approximately ₹1,51,925 per 10 grams.

These figures should not be confused with the city-wise 22-carat, 24-carat and 18-carat retail rates listed later in the article.

MCX prices represent exchange-traded contracts, while physical-market and jewellery prices can be different.

Silver Drops ₹1,404 to ₹2,26,038 Per Kg

Silver recorded a sharper decline than gold in the supplied MCX data.

The white metal fell by ₹1,404 to trade at ₹2,26,038 per kilogram.

The source also provides a separate silver figure of approximately ₹2,31,750 per kg including GST.

Consumers should therefore pay attention to which price benchmark they are looking at before comparing silver rates.

Gold and Silver Also Weaken on COMEX

Precious metals were trading slightly lower in the international market as well.

According to the supplied figures, COMEX gold was down 0.01% at around $4,168 per ounce.

Silver recorded a larger percentage decline, falling approximately 1.10% to $61 per ounce.

International bullion-market movements can influence domestic prices, but Indian rates can also be affected by currency movements and other local pricing components.

Gold and Silver Prices Down Over One Month

The supplied information says precious metals have also declined when compared with their levels one month earlier.

According to the source, the price of gold has fallen by approximately ₹8,500 over a month.

Silver has recorded an even larger decline of around ₹16,000 during the same comparison period.

These figures indicate recent weakness in the precious-metals market, but they should not be interpreted as a guarantee that prices will continue falling.

Gold and silver can move quickly in response to domestic and international market developments.

Gold Price Today: City-Wise Rates on September 29

Here are the gold prices supplied for major Indian cities:

The figures above are the city-wise reference rates supplied in the source. The final jewellery-store price may be higher after adding applicable taxes and making charges.

Gold Price in Delhi Today

Delhi is among the cities where the supplied 24-carat gold price is above ₹1.50 lakh per 10 grams.

On September 29, the listed rates in Delhi are:

24-carat gold: ₹1,50,310 per 10 grams
22-carat gold: ₹1,37,790 per 10 grams
18-carat gold: ₹1,12,770 per 10 grams

The same rates are listed for Chandigarh, Lucknow and Jaipur in the supplied table.

Gold Price in Mumbai Today

Mumbai's 24-carat gold price is ₹1,50,160 per 10 grams.

The 22-carat rate stands at ₹1,37,640, while 18-carat gold is listed at ₹1,12,620 per 10 grams.

Pune, Kolkata, Hyderabad and Bengaluru have the same rates in the supplied data.

Gold Price in Chennai

Chennai shows an interesting difference in the supplied table.

While 24-carat gold is priced at ₹1,50,160 and 22-carat gold at ₹1,37,640 per 10 grams, the listed 18-carat rate is considerably higher than in several other cities at ₹1,15,340 per 10 grams.

Consumers should verify the latest local rate before making a purchase because physical-market quotations can differ by location and seller.

Jaipur Gold Price on September 29

According to the supplied data, Jaipur's 24-carat gold price is ₹1,50,310 per 10 grams.

The 22-carat rate stands at ₹1,37,790, while 18-carat gold is priced at ₹1,12,770 per 10 grams.

These are reference rates and should not automatically be treated as the final amount payable for jewellery.

Why Jewellery Can Cost More Than the Listed Gold Rate

The gold price displayed for a city generally does not represent the complete bill for a piece of jewellery.

A customer's final cost can depend on the purity and weight of gold, applicable GST, making charges and other seller-specific costs.

For this reason, two jewellers in the same city can quote different final amounts even when the underlying reference gold rate is similar.

Buyers should ask for a clear price breakup before completing a purchase.

Is Today a Good Time to Buy Gold?

The supplied source suggests that the recent decline could make September 29 attractive for people considering a gold purchase.

However, a fall in price alone cannot establish that it is the “best” time to buy.

Gold and silver prices can rise or fall further depending on market conditions.

People buying jewellery for personal use may focus on the current rate, purity, making charges and their own budget. Those considering gold or silver primarily as an investment should assess their investment horizon and risk tolerance rather than relying only on a single day's price movement.

Check Purity Before Buying Gold Jewellery

Price should not be the only consideration when purchasing physical gold.

Buyers should also check the purity of the product and the applicable hallmarking details.

The difference between 18-carat, 22-carat and 24-carat gold is important because the purity level directly affects the price.

Consumers should also compare making charges and obtain a proper invoice showing the relevant price components.

Gold Silver Price Today: Key Takeaway

Gold and silver remained weak on September 29, 2026, according to the supplied market data.

MCX gold fell ₹139 to ₹1,46,665 per 10 grams, while silver dropped ₹1,404 to ₹2,26,038 per kg.

On COMEX, gold was