Gold Prices Rise in India Amid Global Bullion Gains
On Wednesday, October 7, 2026, gold prices in India saw a modest increase. This rise was driven by gains in global bullion markets, influenced by shifting expectations around US interest rates.
Spot gold prices climbed around 0.4% on Tuesday, while US gold futures saw a 0.6% increase. Softer-than-expected US economic data reduced the likelihood of a Federal Reserve rate hike in October, boosting demand for the precious metal.
In major Indian cities, 24-carat gold was priced at approximately INR 1,50,040 per 10 grams in Delhi, INR 1,50,300 per 10 grams in Mumbai, and INR 1,50,740 per 10 grams in Chennai. The corresponding prices for 22-carat gold were INR 1,37,537, INR 1,37,775, and INR 1,38,178 per 10 grams, respectively. Other cities like Kolkata, Bengaluru, and Hyderabad also saw elevated gold prices.
Investors and jewelry buyers continued to show interest in gold as prices remained high. Local market conditions, taxes, and jeweler-specific premiums can cause variations in city-wise retail rates. Buyers are advised to confirm the latest rates with local jewelers before making a purchase, as final jewelry prices may vary due to GST, making charges, and other factors.