Commodities
Gangtok Gold Rate Hits ₹15,508 per Gram for 24K as Local Demand Remains Steady
The gold rate in Gangtok on October 1st, 2026 is ₹15,508 per gram for 24K gold and ₹14,205 per gram for 22K gold. The prices fluctuate daily due to international market trends, the rupee-dollar exchange rate, and local demand.
The London Bullion Market Association (LBMA) price in USD per ounce influences the local gold rate in Gangtok. A weaker rupee makes every gram costlier, with a ₹1-2 movement adding ₹50-100 to the 22K gold price.
The government levies 6% customs duty and 3% GST on gold imports, which are passed directly to consumers. Local families in Gangtok value gold as a symbol of prosperity, security, and ceremonial importance, driving demand throughout the year.