Gold Price Crash Today: Gold prices continue to fluctuate. If you are considering buying gold jewellery, there is some encouraging news for you. On Monday, September 28, gold rates fell when the market reopened after a two-day break. In early trading on the Multi Commodity Exchange (MCX), the futures price for 24-carat gold fell by 1.82% to ₹148,131 per 10 grams.

This represents a price drop of ₹2,750; the metal had closed at ₹150,881 per 10 grams on the previous trading day. Meanwhile, silver prices have witnessed a significant decline. By 9:30 AM today, MCX silver had dropped by ₹6,121 to stand at ₹228,879 per kilogram. Bullion market rates for gold and silver generally align with the rates prevailing on the MCX.

According to MCX data, gold hit a record high of ₹193,096 on January 29 and has since become cheaper by ₹45,071. Similarly, MCX silver reached an all-time high of ₹420,048 and has since dropped in price by ₹191,169.

Why have gold prices fallen?
Shifting expectations regarding US interest rates and the impact of high crude oil prices are driving the current trend. Iran has refused to soften its conditions for reopening the Strait of Hormuz. Meanwhile, US President Donald Trump has rejected a seven-day proposal from Iran. Trump has stated that talks are expected to resume this week. Gold Price Crash on MCX

On the Multi Commodity Exchange (MCX), the futures price for 24-carat gold (for October 5, 2026 delivery) stood at ₹147,864 per 10 grams at 11:06 AM on September 28, 2026, marking a decline of 2.00%. The price had closed at ₹150,881 per 10 grams on the previous trading day. This means that, as of the time of writing, the price of gold has fallen by ₹3,017.

Delhi Gold Rate
24-Carat Gold (10g) – ₹150,320
22-Carat Gold (10g) – ₹137,800
18-Carat Gold (10g) – ₹112,780

Mumbai Gold Rate
24-Carat Gold (10g) – ₹150,170
22-Carat Gold (10g) – ₹137,650
18-Carat Gold (10g) – ₹112,630

Kolkata Gold Rate
24-Carat Gold (10g) – ₹150,170
22-Carat Gold (10g) – ₹137,650
18-Carat Gold (10g) – ₹112,630

Chennai Gold Rate
24-Carat Gold (10g) – ₹150,170
22-Carat Gold (10g) – ₹137,650
18-Carat Gold (10g) – ₹115,350

Patna Gold Rate
24-Carat Gold (10g) – ₹150,220
22-Carat Gold (10g) – ₹137,700
18-Carat Gold (10g) – ₹112,680

Lucknow Gold Rate
24-Carat Gold (10g) – ₹150,320
22-Carat Gold (10g) – ₹137,800
18-Carat Gold (10g) – ₹112,780

Meerut Gold Rate
24-Carat Gold (10g) – ₹150,320
22-Carat Gold (10g) – ₹137,800
18-Carat Gold (10g) – ₹112,780

Ayodhya Gold Rate
24-Carat Gold (10g) – ₹150,320
22-carat gold (10 grams) – ₹137,800
18-carat gold (10 grams) – ₹112,780

Kanpur Gold Rate
24-carat gold (10 grams) – ₹150,320
22-carat gold (10 grams) – ₹137,800
18-carat gold (10 grams) – ₹112,780

Varanasi Gold Rate
24-carat gold (10 grams) – ₹150,320
22-carat gold (10 grams) – ₹137,800
18-carat gold (10 grams) – ₹112,780

Ghaziabad Gold Rate
24-carat gold (10 grams) – ₹150,320
22-carat gold (10 grams) – ₹137,800
18-carat gold (10 grams) – ₹112,780

Noida Gold Rate
24-carat gold (10 grams) – ₹150,320
22-carat gold (10 grams) – ₹137,800
18-carat gold (10 grams) – ₹112,780

Gurugram Gold Rate
24-carat gold (10 grams) – ₹150,320
22-carat gold (10 grams) – ₹137,800
18-carat gold (10 grams) – ₹112,780

Chandigarh Gold Rate
24-carat gold (10 grams) – ₹150,320
22-carat gold (10 grams) – ₹137,800
18-carat gold (10 grams) – ₹112,780

Jaipur Gold Rate
24-carat gold (10 grams) – ₹150,320
22-carat gold (10 grams) – ₹137,800
18-carat gold (10 grams) – ₹112,780