22-carat gold falls ₹104 per gram on September 29
Gold rates declined across the cities covered, with 22-carat gold at ₹13,741 per gram. The 8-gram rate stood at ₹1,09,928, down ₹832.
The development
Gold prices in India declined on September 29, with 22-carat gold at ₹13,741 per gram, down by ₹104. The 8-gram rate was ₹1,09,928, down by ₹832.
The numbers
- September 29
- ₹13,741
- ₹104
- ₹1,09,928
- ₹832
Why it matters to operators and investors
Update 22-carat price boards and customer quotes to reflect the ₹104-per-gram drop, while watching how shoppers respond.
What to watch next
- Whether domestic gold rates continue falling or reverse over the next several trading sessions
- Changes in the rupee, international gold prices, and import-related costs
- Jewelry bookings, exchange transactions, and customer inquiries in key retail markets
- Wedding and festive-season demand, plus any retailer commentary on margins and inventory
- Track store-level footfall, conversion, and booking volumes against recent gold-price moves rather than assuming lower rates will automatically lift sales.
The counter-case
A ₹104-per-gram daily drop is a short-term commodity-price move, not evidence of a change in any retailer’s sales, margins, or competitive position. The headline gives no comparison period, source, or explanation for the move, and the quoted rate may not reflect what customers pay after taxes and making charges.