Gold Prices Climb in India Amid Global Bullion Gains

Gold prices in India saw a slight increase on Tuesday, October 6, 2026, following gains in global bullion markets. This rise came as expectations about US interest rate hikes shifted, influencing investor sentiment. The latest data showed 24-carat gold priced at around INR 1,50,040 per 10 grams in Delhi, while 22-carat gold was approximately INR 1,37,537 per 10 grams. Similar trends were observed in other major cities like Mumbai, Chennai, and Bengaluru, with prices varying slightly due to local market conditions and taxes.

The upward movement in gold prices was supported by a weaker-than-expected US economic report, which reduced the likelihood of a Federal Reserve rate hike in October. This development boosted demand for the precious metal, with spot gold rising about 0.4% and US gold futures gaining around 0.6%. The market remains sensitive to changes in the US dollar, Treasury yields, and geopolitical factors.

Investors and jewelry buyers continued to monitor gold prices closely, as they remained at elevated levels. City-wise retail rates can differ based on local conditions, taxes, and additional charges by jewelers. For instance, in Mumbai, 24-carat gold was priced at INR 1,50,300 per 10 grams, while in Chennai, it reached INR 1,50,740 per 10 grams. Buyers were advised to confirm the latest rates with local jewelers before making purchases, as final prices may include GST, making charges, and other premiums.