Gold of 24-carat purity was quoted at around ₹1.5 lakh per 10 grams in India on Wednesday, 7 October 2026, with the festive buying season a few weeks away.
The rates
Published rates differ a little from one tracker to another:
- 24 carat: between ₹1,49,570 and ₹1,50,380 per 10 grams
- Month’s high so far: about ₹1,50,460 per 10 grams, on 3 October
One tracker showed a fall of ₹650 on the day. Rates also vary by city and by jeweller, and the figures above do not include the 3 per cent goods and services tax or making charges.
Silver
Silver has had a far more turbulent year. It reached a record of about 121 US dollars an ounce in international markets in late January and was trading near 61 dollars on 7 October, about half its peak.
What moves the gold price in India
- International prices: India imports almost all its gold, so the domestic price follows the world price in dollars.
- The rupee: A weaker rupee makes imported gold dearer even when the dollar price is unchanged.
- Interest rates: Gold pays no interest, so it tends to do better when rates are low or falling. The Reserve Bank of India raised its repo rate this month.
- Import duty: Changes in customs duty feed directly into the retail price.
- Seasonal demand: Buying rises for weddings and for Dhanteras and Diwali, which fall in early November this year.
What buyers should check
- Hallmark: Jewellery should carry the Bureau of Indian Standards hallmark with its six-character identification number, which can be verified on the BIS Care app.
- Purity: Jewellery is usually 22 carat, not 24, and is priced accordingly.
- The bill: It should show the weight, purity, rate, making charges and tax separately.
Those who want gold as an investment and not as jewellery can also consider gold exchange-traded funds, which track the price without making charges or storage risk.
This article is for information and is not investment advice.
Rates are as published by Business Today, Kalinga TV and other rate trackers on 7 October 2026.
Image: Gold bullion bars (representative image). Photo by Stevebidmead, licensed under CC0, via Wikimedia Commons.