Gold Prices Plummet Amid Global Energy Market Turmoil

Gold prices in India have plummeted to Rs 15,268 per gram for 24 carat gold. Rs 13,995 per gram for 22 carat gold, and Rs 11,451 per gram for 18 carat gold, according to Good Returns.

The price of 24K gold today, September 26, 2026, in India, stands at Rs 15,268 per gram, reflecting a decrease of Rs 16 over that on September 25. Similarly, the price of 22K and 18K gold currently stands at Rs 13,995 per gram and Rs 11,451 per gram for 18 carat gold.

Read More: Odisha Jailor Arrested for Allegedly Manipulating Records to Frame Colleague

This marked a decrease of Rs 15 and Rs 12 respectively over the prices on September 25.

A fragile 60-day ceasefire in the Persian Gulf. Brokered by the US and Iran in June 2026, has imploded, plunging the region into chaos. The collapse of the maritime truce has sparked a surge in missile strikes and heightened naval tensions.

This prompted both sides to resume full-scale military operations and sever all formal diplomatic ties. The resulting power vacuum has sent shockwaves through global energy markets. Triggering a safe-haven rally that has sent gold prices soaring as investors seek refuge from volatility.

Also Read: South Western Railway to Unify Mangaluru Area, Aim for Smoother Train Operations

Data from the American Automobile Association (AAA) shows U.S. diesel prices climbing to a record $6.50 per gallon on Friday, a sharp increase from $5.61 just one month prior. The surge in diesel prices has been attributed to the collapse of the maritime armistice and the subsequent escalation of tensions between the United States and Iran.

In response to the collapse of the maritime armistice, State Department spokesman Tommy, Pigott told. Al Jazeera that Washington has maintained an open channel for diplomatic engagement from the outset. Stressing that responsibility for any stalemate does not lie with the United States.