Gold Prices Climb in India Amid Global Bullion Gains

Gold prices in India rose slightly on Monday, October 5, 2026, following gains in global bullion markets. The increase came as softer-than-expected US economic data reduced expectations of a Federal Reserve rate hike in October, boosting demand for the precious metal. Spot gold prices climbed around 0.4%, while US gold futures saw a 0.6% gain.

Across major Indian cities, 24-carat gold prices remained elevated, with Delhi recording INR 1,50,040 per 10 grams and Mumbai at INR 1,50,300 per 10 grams. Chennai saw 24-carat gold priced at INR 1,50,740 per 10 grams. The rates for 22-carat gold also varied slightly across cities, reflecting local market conditions, taxes, and jeweller-specific premiums.

Domestic gold prices continue to be influenced by movements in the US dollar, global bullion markets, Treasury yields, and geopolitical developments. Buyers are advised to check the latest rates with local jewellers, as the final jewellery price may vary due to factors like GST, making charges, and jeweller-specific premiums.