Gold Rate Today, September 15: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities

The Indian gold market reported a modest decline in prices on September 15, 2026, as the country entered the festive period surrounding Ganesh Chaturthi. Kaushlendra Sinha, chief executive of the Indian Association of Gold and Silver (IAGES), highlighted that despite prices being 45‑50% higher than the previous year’s festival season, consumer buying is expected to stay resilient, with a shift toward smaller‑ticket items such as coins and lightweight jewellery.

According to data from Good Returns, the price of 24‑carat gold dropped to Rs 15,317 per gram, a decrease of Rs 92 from the previous day. The 22‑carat rate fell to Rs 14,040 per gram, down Rs 85, while 18‑carat gold settled at Rs 11,488 per gram, lower by Rs 69. These rates are applicable across major markets including Chennai, Mumbai, Delhi, and Kolkata. The price movement coincides with heightened market volatility after U.S. Central Command (CENTCOM) refuted Iran’s Revolutionary Guard Corps claims about a mine strike on the tanker El Gaia, and ongoing U.S.–Iran tensions have pushed investors toward gold as a safe‑haven asset.

The current price environment reflects both domestic festive demand and international risk factors. Elevated gold prices are influencing consumer preferences toward more affordable forms of the metal, while the broader geopolitical uncertainty—exemplified by the disputed missile and drone incidents involving the El Gaia—has reinforced gold’s role as a hedge against market turbulence. Analysts expect the combination of seasonal buying and global instability to sustain demand for bullion and jewellery throughout the upcoming holiday season.