Gold Price Today, October 12, 2026: Gold prices remain in focus as India's festive shopping season gathers momentum. With Navratri celebrations underway and Diwali approaching, many families are planning to purchase gold jewellery, coins, and other precious metal products. However, recent fluctuations in bullion prices have made it important for buyers to check the latest rates before visiting jewellery stores.

According to the rate figures attributed to the India Bullion and Jewellers Association (IBJA) in the supplied market report, 24-carat gold is priced at ₹1,52,183 per 10 grams on October 12, 2026. Meanwhile, the quoted rate for 22-carat gold stands at ₹1,40,201 per 10 grams, while 18-carat gold is listed at ₹1,14,711 per 10 grams.

Gold prices have experienced several changes over the past week, with an overall upward movement between October 8 and October 12 in the reported figures.

Here is a detailed look at the latest quoted gold rates, city-wise price differences, recent market trends, and important factors affecting gold prices in India.

Gold Price Today in India: Latest 24K, 22K and 18K Rates

The reported gold rates for October 12, 2026, are as follows:

These prices are indicative figures from the supplied report and have not been independently verified against a live IBJA rate bulletin.

Gold purity plays an important role in determining its price.

24-carat gold is generally considered the purest commercially available form of gold, with a purity of approximately 99.9%. It is commonly used for investment products such as coins and bars.

22-carat gold contains approximately 91.6% gold, with the remaining portion consisting of other metals. It is widely used for traditional jewellery because it offers greater strength than pure gold.

18-carat gold contains 75% gold and is frequently used for jewellery featuring intricate designs, gemstones, and modern styles.

The final amount customers pay may be higher because of applicable taxes, making charges, and other retail costs.

City-Wise Gold Prices: Check Rates in Delhi, Mumbai, Jaipur and Other Cities

Gold prices are not necessarily identical across India. Differences in transportation costs, local market conditions, and retailer pricing can influence the amount customers pay.

The following city-wise figures were included in the supplied report, with the underlying information described as updated on October 11, 2026.

The source describes two separate price categories as "pure gold" and "24K gold" without clearly defining the purity difference. Buyers should therefore confirm the applicable purity standard before comparing these figures.

These are reported reference prices, not independently confirmed live retail quotations for October 12.

Gold Price Trend From October 6 to October 12, 2026

Gold prices have shown considerable movement over the past several days.

According to the historical figures provided in the report, both 22-carat and 24-carat gold experienced increases and declines during the week.

The reported figures indicate that 24-carat gold increased by ₹3,130 per 10 grams between October 8 and October 12.

During the same period, 22-carat gold rose by ₹2,883 per 10 grams.

However, the prices did not move upward continuously. The data shows fluctuations, highlighting the changing nature of the bullion market.

The identical rates quoted for October 11 and October 12 should not automatically be interpreted as evidence of a fresh trading-session price confirmation.

Why Are Gold Prices Rising During the Festive Season?

Several domestic and international factors can influence gold prices in India.

1. International Gold Market Movements

India's domestic bullion prices are closely connected to global gold markets.

When international gold prices increase, the cost of importing gold into India can also rise.

Changes in global investment demand, central bank purchases, and international market sentiment may contribute to price fluctuations.

2. Rupee-Dollar Exchange Rate

Gold is generally traded internationally in US dollars.

If the Indian rupee weakens against the dollar, importing the same quantity of gold may become more expensive, even when international dollar-denominated prices remain unchanged.

Currency movements are therefore an important consideration for domestic gold pricing.

3. Demand During Navratri, Dhanteras and Diwali

India's festive season is traditionally associated with increased interest in gold jewellery and coins.

Many families consider purchasing gold during auspicious occasions such as Dhanteras and Diwali.

Higher consumer demand can influence local premiums and retail market conditions, although it does not guarantee that gold prices will rise.

4. Global Economic Uncertainty

Inflation expectations, interest rate decisions, geopolitical tensions, and concerns about economic growth can affect investor demand for gold.

Gold is often viewed as a potential store of value during periods of uncertainty.

However, its market price can still decline, and purchasing gold does not guarantee investment returns.

5. Local Taxes and Jewellery Charges

The price displayed by a jewellery retailer may differ from published bullion reference rates.

Making charges, applicable GST, wastage calculations where relevant, and retailer-specific pricing can increase the final bill.

Customers should request a detailed price breakdown before completing a purchase.

Should You Buy Gold Now or Wait for Prices to Fall?

With gold trading at elevated levels in the supplied figures, buyers may be wondering whether to purchase immediately or wait for a possible correction.

There is no reliable way to predict short-term gold price movements with certainty.

People purchasing jewellery for weddings, festivals, or family occasions should consider their budget, required quantity, and expected purchase date.

Those buying gold for investment purposes should evaluate their financial goals, risk tolerance, and overall asset allocation.

Comparing prices from multiple trusted jewellers may help customers identify differences in making charges and other costs.

It is also advisable to check the hallmark and purity details of jewellery before purchasing.

Important Tips Before Buying Gold Jewellery

Customers planning to purchase gold during the festive season should pay attention to the following:

• Check the latest gold rate for the required purity.
• Look for BIS hallmarking and verify the HUID where applicable.
• Compare making charges at different jewellery stores.
• Ask for a complete invoice showing purity, weight, taxes, and charges.
• Understand the jeweller's exchange and buyback policies.
• Avoid making purchases solely because of predictions about future gold prices.

These precautions can help buyers make more informed decisions and avoid unnecessary expenses.

Final Thoughts

Gold prices remain an important consideration for Indian consumers as the festive season progresses.

According to the supplied October 12, 2026 figures, 24-carat gold is quoted at ₹1,52,183 per 10 grams, while 22-carat gold stands at ₹1,40,201 and 18-carat gold at ₹1,14,711.

The reported price history indicates an overall increase between October 8 and October 12, despite fluctuations during the period.

With city-wise prices varying and additional jewellery charges affecting the final bill, buyers should compare quotations carefully before making a purchase.

Disclaimer: The gold rates in this article are reproduced from the supplied market report and have not been independently verified against current IBJA data. The city-wise figures were described as updated on October 11, 2026, and may differ from October 12 retail prices. Gold prices fluctuate, and readers should confirm the latest rates with an authorized bullion dealer or jeweller before purchasing.