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Gold Price Today In India: Gold prices saw a rise on Monday morning on the domestic futures market, following encouraging signals from around the world. Following the US Fed’s rate drop to 50 bps and anticipation of additional rate cuts until 2026, sentiment remained positive.
Rate cuts are positive for gold prices. The yields on interest-bearing assets, such as bonds and savings accounts decrease when the Fed cuts interest rates. Given that gold doesn't pay dividends or interest, this makes it more appealing.
Gold Prices In Major Indian Cities
Here's a look at the gold rates in various cities across India on September 23:
| City | 22-Karat | 24-Karat |
| Noida | Rs 6,995 | Rs 7,630 |
| Delhi | Rs 6,995 | Rs 7,630 |
| Mumbai | Rs 6,980 | Rs 7,615 |
| Ahemdabad | Rs 6,985 | Rs 7,620 |
| Chennai | Rs 6,980 | Rs 7,615 |
| Bangalore | Rs 6,980 | Rs 7,615 |
| Hyderabad | Rs 6,980 | Rs 7,615 |
| Kolkata | Rs 6,980 | Rs 7,615 |
| Patna | Rs 6,985 | Rs 7,620 |
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