Planning to buy gold for jewellery, coins, bars or investment? Checking the latest available bullion rate before making a purchase is important, especially when gold prices are witnessing frequent fluctuations.
Gold prices can change due to movements in international bullion markets, the rupee-dollar exchange rate, domestic demand and several other factors. Moreover, the final amount charged by a jeweller can be different from the benchmark gold rate because taxes, making charges and other costs may be added.
According to the rates cited for October 4, 2026, 24-carat gold was priced at ₹1,49,541 per 10 grams on the benchmark data provided. The quoted rate for 22-carat gold was ₹1,37,767 per 10 grams, while 18-carat gold stood at ₹1,12,720 per 10 grams.
Buyers should note that the supplied figures relate to October 4 and should therefore be treated as the latest available rates cited in this report rather than real-time October 5 quotations.
24K, 22K and 18K Gold Rates
Based on the figures provided for October 4, the benchmark gold prices were:
| Gold Purity | Price per 10 Grams |
|---|---|
| 24-Carat Gold | ₹1,49,541 |
| 22-Carat Gold | ₹1,37,767 |
| 18-Carat Gold | ₹1,12,720 |
The price varies according to purity. While 24-carat gold represents a higher purity level, 22-carat gold is commonly preferred for jewellery because other metals are added to make it more durable.
The 18-carat category contains a lower proportion of pure gold and is also widely used in certain types of jewellery.
Gold Prices in Major Indian Cities
Gold rates can differ significantly between cities. According to the city-wise figures provided for October 4, New Delhi had 24-carat gold at ₹1,49,541 per 10 grams.
Mumbai's quoted rate was ₹1,49,107, while Kolkata stood at ₹1,47,223 per 10 grams.
Here are the rates provided for major cities:
| City | 24K Gold Price per 10 Grams |
|---|---|
| New Delhi | ₹1,49,541 |
| Chennai | ₹1,42,731 |
| Kolkata | ₹1,47,223 |
| Mumbai | ₹1,49,107 |
| Bengaluru | ₹1,42,441 |
| Hyderabad | ₹1,43,021 |
| Patna | ₹1,43,021 |
| Jaipur | ₹1,43,021 |
| Lucknow | ₹1,43,021 |
| Chandigarh | ₹1,43,021 |
Rate date: October 4, 2026
Source cited in the original report: IBJA
Consumers should check the latest local quotation before purchasing because the final price available from a jeweller may differ from indicative or benchmark bullion rates.
Why Do Gold Prices Differ From One City to Another?
There is no single final retail jewellery price that applies uniformly across every Indian city.
Several factors can contribute to differences in local quotations.
One of the biggest influences is the international price of gold. Since global bullion is typically traded in US dollars, movements in the Indian rupee against the dollar can also affect domestic gold costs.
Domestic supply and demand conditions can further influence prices.
Transportation and logistics expenses, dealer margins and local market conditions may create additional variations.
The price consumers ultimately pay for jewellery can also include GST and making charges, which are separate considerations from the underlying gold value.
International Markets Can Influence Indian Gold Rates
Gold is a globally traded commodity, which means developments outside India can have a significant impact on domestic prices.
Changes in global interest-rate expectations, inflation concerns, geopolitical uncertainty, central-bank activity and movements in the US dollar can influence investor demand for gold.
When international bullion prices rise sharply, domestic prices may also face upward pressure. Currency movements can amplify or partially offset that effect.
This is why buyers may see noticeable changes in gold prices even when local demand conditions have not changed dramatically.
Festive Season Could Keep Gold Demand in Focus
The festive season is an important period for India's gold and jewellery market.
Buying gold during festivals such as Dhanteras and Diwali is traditionally considered auspicious by many households. As a result, demand for jewellery, coins and bars can increase during the festive period.
Wedding-related purchases can add another layer of demand.
However, higher demand does not automatically mean gold prices will rise. International bullion movements, currency fluctuations and broader economic developments remain important factors.
Consumers should therefore avoid assuming that prices will move in only one direction during the festive season.
Buying Gold? Don't Look Only at the Headline Rate
The quoted price per 10 grams is only one part of the calculation when purchasing jewellery.
Buyers should first check the purity of the gold. They should also verify the hallmark and ensure that the product meets the applicable purity and certification requirements.
Making charges can have
