Gold and Silver Price Today, October 9, 2026: With the festive and wedding shopping season approaching, gold prices are attracting considerable attention from buyers across India. Whether you are planning to purchase jewellery, gold coins or investment-grade bullion, checking the latest rates before visiting a jewellery store can help you make a more informed financial decision.

Gold prices in India are influenced by several domestic and international factors, including global bullion market trends, fluctuations in the Indian rupee against the US dollar, import duties, local demand and economic developments.

According to the rates attributed to the India Bullion and Jewellers Association (IBJA) in the supplied October 9 report, 24-carat gold is quoted at ₹1,49,053 per 10 grams, while 22-carat gold stands at ₹1,37,318 per 10 grams.

Meanwhile, the reported price of 18-carat gold is ₹1,12,352 per 10 grams.

These figures are reference rates from the supplied report and have not been independently verified against a live IBJA bulletin. Actual jewellery prices may differ because of GST, making charges and local pricing.

Gold Price Today in India: October 9, 2026

The reported national gold rates for different purity categories are:

Gold purity is one of the most important factors determining the value of jewellery and investment products.

24-carat gold is approximately 99.9% pure and is commonly preferred for gold bars and coins. However, because of its softness, it is generally less suitable for jewellery designed for regular use.

22-carat gold contains approximately 91.6% gold and is widely used in traditional Indian jewellery, including necklaces, bangles and earrings.

18-carat gold contains 75% gold and is often used for jewellery designs that require greater strength, including diamond-studded ornaments.

City-Wise Gold Prices: Delhi, Mumbai, Chennai, Jaipur and Other Cities

Gold prices can vary across Indian cities because of local market conditions, transportation costs, dealer margins and other pricing factors.

The following figures have been reproduced from the city-wise data provided in the October 9 report.

All prices are in rupees per 10 grams. The source does not clearly define the purity of its separate “pure gold” category. These figures should not be treated as verified live retail quotations.

The city-wise figures suggest noticeable differences between markets. However, buyers should avoid assuming that these quotations represent the final amount payable at a jewellery showroom.

The actual purchase price depends on the product's purity, weight, making charges, applicable taxes and the jeweller's pricing policy.

Why Do Gold Prices Change Every Day?

Gold is traded internationally, and its value responds to developments across global financial markets.

Changes in international gold prices can influence domestic bullion rates, particularly because India imports a substantial portion of its gold requirements.

Currency movements also play an important role. When the Indian rupee weakens against the US dollar, imported gold can become more expensive, even if international prices remain relatively stable.

Similarly, strong festive demand, changes in import duties and global economic uncertainty can influence domestic gold prices.

Investors often consider gold a potential store of value during periods of financial uncertainty, although its market price can rise or fall significantly.

Gold vs Silver: What Should Buyers Know?

Both gold and silver are popular precious metals in India, but they serve different investment and consumption purposes.

Gold is commonly purchased for jewellery, weddings, festivals and long-term wealth preservation.

Silver is used in jewellery, utensils, decorative items and several industrial applications.

Because silver has substantial industrial demand, its price can respond differently to changes in manufacturing activity and economic conditions.

The supplied October 9 report does not provide a verified silver price. Therefore, a specific silver rate cannot be reliably quoted from this information.

Customers planning to buy silver should check the latest local bullion quotation before making a purchase.

Important Things to Check Before Buying Gold Jewellery

Purchasing gold involves more than comparing the quoted price per 10 grams.

Buyers should pay attention to the following factors:

1. Gold purity: Confirm whether the jewellery is made from 24K, 22K, 18K or another purity category.
2. BIS hallmark: Check the applicable hallmarking details and verify the Hallmark Unique Identification (HUID) number through the BIS Care app where relevant.
3. Making charges: Ask the jeweller whether the charges are calculated per gram or as a percentage of the gold value.
4. GST and additional charges: Understand the complete tax calculation and any other applicable costs.
5. Final invoice: Obtain a detailed bill showing the weight, purity, rate, making charges and taxes.
6. Buyback policy: Check the jeweller's exchange and resale conditions before purchasing.

Comparing quotations from multiple reputable jewellers can help customers understand the total cost more accurately.

Should You Buy Gold During the Festive Season?

Gold holds cultural and financial significance in India, particularly during major festivals and weddings.

However, purchasing decisions should depend on personal requirements, affordability and financial goals rather than expectations of guaranteed price increases.

For jewellery buyers, making charges and resale deductions can significantly affect the overall cost.

Those purchasing gold primarily for investment purposes may also compare physical bullion with other regulated gold investment options.

It is important to remember that gold prices are market-linked and can fluctuate in either direction.

Final Thoughts

The October 9, 2026 report places the national reference price of 24-carat gold at ₹1,49,053 per 10 grams, 22-carat gold at ₹1,37,318 and 18-carat gold at ₹1,12,352.

City-wise quotations vary, with different reported prices for Delhi, Mumbai, Chennai, Kolkata, Jaipur and other major markets.

Before buying, customers should verify the latest rate, check hallmarking details and calculate the complete price, including making charges and taxes.

For official reference information, buyers can visit the India Bullion and Jewellers Association (IBJA) and the Bureau of Indian Standards (BIS).

Disclaimer: The prices mentioned in this article are based on the supplied October 9, 2026 report and are not independently verified live market rates. Gold and silver prices fluctuate, and actual retail quotations may differ. Always confirm the latest prices before purchasing.