Gold Rate Today: 24K Gold at ₹1,53,658 per 10g in September 18 AM Fixing

Key Takeaways

• IBJA 999-purity gold was fixed at ₹1,53,658 per 10 grams in the September 18 AM session. The September 18 PM fixing had not yet been published, so this should not be described as the day's closing gold rate.
• The AM 999 rate was ₹1,809, or 1.19%, above the previous session's PM benchmark of ₹1,51,849 per 10 grams. This is an AM-versus-previous-PM comparison, not the final day-on-day movement.
• Silver 999 was ₹2,36,116 per kg in the September 18 AM fixing, ₹6,474 or 2.82% above the September 17 PM rate of ₹2,29,642 per kg.

Gold prices opened higher in the domestic benchmark on Friday, September 18. The 999-purity benchmark stood at ₹1,53,658 per 10 grams in the morning fixing, compared with the previous day's closing benchmark of ₹1,51,849.

That placed the morning rate ₹1,809 higher, an increase of about 1.19% relative to the September 17 PM benchmark. However, IBJA publishes separate opening and closing rates, and the PM column for September 18 remained blank at the time of verification. The ₹1,53,658 figure therefore must not be treated as the September 18 closing gold price.

Gold and Silver Rates on September 18, 2026

Gold figures are per 10 grams, while silver is quoted per kilogram. These benchmark rates exclude GST and making charges. 

How Much Did Gold Move Today? 

A final daily change is not yet available, because that calculation requires the September 18 PM fixing. 

For interim context, the 999-purity AM benchmark of ₹1,53,658 was ₹1,809 above September 17's PM benchmark of ₹1,51,849. That represents an AM-versus-previous-PM increase of approximately 1.19%. 

The movement was visible across purity levels. Gold 995 opened at ₹1,53,043 per 10 grams, 916 purity at ₹1,40,751, 750 purity at ₹1,15,244 and 585 purity at ₹89,890. 

Silver recorded a larger interim percentage move. The September 18 AM rate of ₹2,36,116 per kg was ₹6,474 above the previous PM benchmark, equivalent to approximately 2.82%. 

What Is Driving Gold Prices? 

Gold pricing in India reflects a combination of international bullion prices and the rupee's value against the US dollar. Changes in global interest-rate expectations and US Treasury yields can also alter the relative attractiveness of non-interest-bearing assets such as gold. 

Geopolitical developments remain another part of the current cross-asset backdrop. At the same time, domestic rupee movements can amplify or moderate changes in international bullion when those prices are converted into Indian currency. 

Because the September 18 closing benchmark has not yet been published, the morning increase alone should not be used to characterise the entire day's gold movement. 

What Can Higher Gold Prices Mean for Indian Markets? 

Jewellery Companies 

A higher gold price increases the rupee value of a given quantity of inventory. This can raise working-capital requirements for jewellers unless changes are offset through inventory management, hedging, supplier credit or price pass-through. 

Consumer Demand 

For households, a higher per-gram price means that the same fixed quantity of gold requires a larger cash outlay. Consumers may respond by changing purchase quantities, purity levels or timing, but the extent depends on factors such as income, festivals and wedding-related demand. 

Gold Imports 

If international prices and import volumes are unchanged in other respects, a higher rupee-denominated gold price can increase the value of India's gold import bill. Gold imports therefore also interact with the trade and current-account balances. 

Gold-Loan Businesses 

Changes in gold prices affect the assessed value of pledged collateral. For lenders, however, loan-to-value requirements, internal risk policies and regulatory limits continue to determine the amount of credit that can be extended against that collateral. 

Broader Markets 

Gold is one component of the wider cross-asset environment alongside currencies, bond yields, energy and equities. Its daily movement reflects several interacting factors and does not by itself establish a direction for the equity market.