Gold Rate Today: The gold price in India today stands at Rs 14,957 per gram for 24 carat gold,  Rs 13,710 per gram for 22 carat gold and Rs 11,218 per gram for 18 carat gold, as per Good Returns.

The price of 24K gold today, September 30, 2026, in India, stands at Rs 14,957 per gram, reflecting an increase of Rs 77 over that on September 29.

Similarly, the price of 22K and 18K gold currently stands at Rs 13,710 per gram and Rs 11,218 per gram for 18 carat gold, marking an increase of Rs 70 and Rs 58 respectively over the prices on September 29.

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Vikram Subburaj, CEO, Giottus.com says that, “MCX October gold closed at ₹1,46,247 per 10 grams on September 29, down ₹557 or 0.38%. The contract had fallen 2.7% on September 28. December gold was around ₹1,48,766 in Tuesday trading. December silver was around ₹2,25,945, down 0.91%. The correction has been sharp. Gold has fallen from around ₹1.54 lakh per 10 grams in mid-September to about ₹1.46 lakh.”

He further added that, “there is some relief from the latest Fed commentary. New York Fed President John Williams said there is no urgency for another rate hike. Markets consequently reduced the probability of an October hike to around 50%, from nearly 70% earlier. For Indian investors, volatility is likely to remain high. The rupee will also be important because currency weakness can cushion domestic bullion prices.”

City Wise Rate

Tensions in West Asia

US President Donald Trump stated that conflict with Iran will end “very soon” while reaffirming that Tehran will not be allowed to obtain a nuclear weapon. Concurrently, Iran’s Islamic Revolutionary Guard Corps addressed an open letter to American voters ahead of the midterms, urging for leadership change in Washington.

Speaking on Piers Morgan’s “Uncensored,” Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani strongly denounced Israel’s military campaign in Gaza and the attack targeting Doha. Meanwhile, Iranian officials announced the execution of two individuals convicted in connection with the fatal shooting of four security officers during anti-government demonstrations in Mashhad earlier this year.

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A 60 day maritime armistice brokered by the United States and Iran in mid-June 2026 to secure vital commercial shipping lanes has collapsed, giving way to renewed missile strikes and escalating naval hazards. Following the official breakdown of the agreement, both nations resumed active military operations and severed all formal diplomatic channels.

The sudden disruption to global energy markets has triggered a major safe-haven rally, driving domestic gold prices sharply higher alongside international spot benchmarks, recent import tax revisions, and foreign exchange volatility.