Gold Prices Show Mixed Movement Across Indian Cities on September 1
Gold prices on September 1, 2026, presented a mixed picture across major Indian cities, with some reports indicating a slight dip and others showing an increase compared to the previous day. The India Bullion and Jewellers Association (IBJA) released updated pricing for numerous gold purities, while major jewellery chains maintained stable rates for 22k gold, as reported by The Economic Times.
According to The Economic Times, gold prices dipped slightly in major Indian cities on September 1, with notable jewellery chains like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas maintaining stable rates for 22k gold. The publication also noted that silver observed a decrease compared to the previous day's close, reflecting current market trends. The IBJA's updated pricing covered 14k, 18k, 20k, 22k, and 24k gold, as well as 999-purity silver.
In contrast, The Hindu Business Line reported that gold prices rose across most metro cities compared to the previous day. According to their data, the national average for 22-carat gold stood at ₹14,465 per gram, up by ₹15, while 8 grams of 22-carat gold was priced at ₹1,15,720, up by ₹120.
City-wise Rates
The Hindu Business Line provided a detailed city-wise breakdown for both 22-carat and 24-carat gold. In Delhi, 22-carat gold was priced at ₹14,485 per gram (up by ₹15), and 24-carat gold at ₹15,209 per gram (up by ₹15). Mumbai saw 22-carat gold at ₹14,435 per gram (up by ₹15) and 24-carat gold at ₹15,157 per gram (up by ₹16). Kolkata recorded the highest 22-carat price among the cities listed at ₹14,535 per gram (up by ₹15), with 24-carat gold at ₹15,262 per gram (up by ₹16).
Chennai and Hyderabad both reported 22-carat gold at ₹14,385 per gram (up by ₹15) and 24-carat gold at ₹15,104 per gram (up by ₹15). Bengaluru's 22-carat gold was priced at ₹14,495 per gram (up by ₹15) and 24-carat at ₹15,220 per gram (up by ₹16). Pune saw 22-carat gold at ₹14,435 per gram (up by ₹15) and 24-carat at ₹15,157 per gram (up by ₹16). Ahmedabad's 24-carat gold was reported at ₹15,213 per gram (up by ₹15).
Jewellery Chain Rates
The Economic Times reported that Tanishq's 22k gold price was Rs 14,430 per gram across showrooms in Delhi, Mumbai, Chennai, Kolkata, Hyderabad, Trivandrum, and Bengaluru as of September 1, 2026. This represented an increase from the August 31 price of Rs 14,415 per gram. Meanwhile, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas listed their 22k gold at Rs 14,385 per gram in those cities, up from Rs 14,370 per gram on August 31.
The reports noted that gold prices can vary by brand, purity, city, and other applicable charges, which explains the differences between the rates quoted by the IBJA and those of individual jewellers.
Commentary
The divergent reports from the two publications highlight the variance in gold pricing depending on the source and the specific product. While The Economic Times focused on the rates offered by major jewellery brands and the IBJA's official pricing, The Hindu Business Line provided a broader market overview based on data from a source credited as 'com'. Neither outlet attributed the price movements to a specific cause, with The Economic Times describing the changes as reflecting "current market trends."
As consumers consider purchasing gold, they are advised to check the latest rates at their local jewellers, as prices can fluctuate daily and vary between cities and brands.