Gold prices in India witnessed a sharp correction on Wednesday, September 25, after a record-breaking rally in recent sessions. Rates of the yellow metal fell by ₹320 per 10 grams of 24-carat gold and ₹3,200 per 100 grams, snapping a strong upward streak that had seen multiple all-time highs.
National Gold Prices (per gram)
- 24 Carat Gold (999): ₹11,537
- 22 Carat Gold: ₹10,575
- 18 Carat Gold: ₹8,653
City-wise Gold Rates (per gram)
- Chennai: 24K at ₹11,564, 22K at ₹10,600, 18K at ₹8,780
- Bengaluru: 24K at ₹11,537, 22K at ₹10,575, 18K at ₹8,653
- Hyderabad: 24K at ₹11,537, 22K at ₹10,575, 18K at ₹8,653
- Mumbai: 24K at ₹11,537, 22K at ₹10,575, 18K at ₹8,653
- Kolkata: Prices largely in line with Mumbai and Hyderabad levels
Market Context
The drop comes after a massive surge of ₹4,520 per 10 grams between September 19–23, which pushed gold into uncharted territory. Analysts attribute the correction to profit-booking and cautious global cues, even as festival and wedding season demand continues to underpin domestic buying.
