# Gold prices fall across metros, 22-carat at Rs 14,215 per gram 2026-09-23T23:32:07+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Gold prices declined across most Indian metro cities on 26 August, with 22-carat gold falling by Rs 50 per gram and 24-carat by Rs 52-53 per gram compared to the previous day, according to data from bankbazaar.com. In Delhi, 22-carat gold was at Rs 14,235 per gram and 24-carat at Rs 14,947. Mumbai saw 22-carat at Rs 14,185 and 24-carat at Rs 14,894. Chennai recorded the lowest metro prices: Rs 14,135 for 22-carat and Rs 14,842 for 24-carat. Kolkata quoted the highest rates among metros, with 22-carat at Rs 14,285 and 24-carat at Rs 14,999. Bengaluru, Hyderabad, Pune and Ahmedabad also recorded declines of Rs 50-53 per gram across carat variants. ## Indian Opinion Analysis Gold prices in India are driven by global rates, the rupee-dollar exchange, and domestic import duties. The government in July 2024 cut import duty on gold from 15% to 6%, narrowing the premium of Indian prices over international benchmarks. A falling rupee, which makes dollar-denominated gold costlier in India, has partially offset that benefit. The Reserve Bank of India sets no price for gold, but its monetary policy stance influences investor demand through bond yield expectations. Jewelers track the daily bullion reference rate published by the Indian Bullion and Jewellers Association. The next trigger for prices is the US Federal Reserve's rate decision on 18 September, which will affect the dollar index and global gold demand. ## Coverage - thehindubusinessline.com Tags: bankbazaar.com, Chennai, Delhi, gold, Mumbai Canonical: https://indianopinion.org/gold-prices-fall-across-metros-22-carat-at-rs-14215-per-gram/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/gold-prices-fall-across-metros-22-carat-at-rs-14215-per-gram/#story-in-brief