Indian Gold Prices Steady at ₹13,775 per Gram Amid Global Trends
The prices of gold and silver in India remained steady on October 3, 2026, with no changes from major retail chains. According to Business Today, Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹13,775 per gram across most states. Tanishq listed its 22K gold rate at ₹13,725 per gram, while Malabar quoted ₹14,924 per gram for 24-carat gold.
The prices of gold in India are influenced by international spot bullion trends, USD/INR currency dynamics, and anticipatory retail demand ahead of peak festival shopping. The rates quoted in benchmark tables and store listings reflect base bullion prices, which attract a standard 3% GST on the value of the metal, plus a separate 5% GST on the jewellery making charges.
Minor retail rate disparities across brands stem from store-level pricing structures, inventory acquisition costs, and regional logistics. The global commodity trends determine overall market direction, with India's hidden stimulus coming in the form of a ₹33-lakh-crore gold stockpile that could boost consumption.