Gold Becomes Even Cheaper Today; Prices Drop Across 24-Karat to 18-Karat Categories – Check the Rate for 10 Gram

Gold continues to get cheaper. Following declines on Tuesday and Wednesday, prices have fallen again today, Thursday. The rates for gold—ranging from 24-karat to 18-karat—have all seen a decrease.

On Wednesday, gold and silver prices in the national capital’s bullion market fell due to a stronger rupee, high crude oil prices, and a weak trend in global markets. According to the All India Bullion Association, gold with 99.9% purity dropped by ₹1,300, settling at ₹1,49,000 per 10 grams (inclusive of all taxes).

In the previous trading session on Tuesday, gold had closed at ₹1,50,300 per 10 grams. Meanwhile, after remaining stable for two consecutive sessions, silver prices also saw a decline; silver fell by ₹1,600 to ₹2,13,400 per kilogram, down from its Monday price of ₹2,15,000 per kilogram.

What is the price of gold today?

On October 22, 2026, the price of 24-karat gold in India is ₹14,607 per gram. The price for 22-karat gold is ₹13,389 per gram, while 18-karat gold is priced at ₹10,955 per gram. In Chennai, Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, and Pune, the prices for 24-karat and 22-karat gold are ₹14,607 and ₹13,389 per gram, respectively. In Delhi, 24-karat gold is priced at ₹14,622 per gram, and 22-karat gold is at ₹13,404 per gram. In Vadodara and Ahmedabad, the price of 24-carat gold stood at ₹14,612 per gram, while 22-carat gold was priced at ₹13,394 per gram.

How much cheaper has gold become compared to yesterday?

Experts' views on gold and silver prices

Jatin Trivedi, Vice President and Research Analyst (Commodities and Currencies) at LKP Securities, stated, "Gold weakened on Wednesday as the strengthening of the rupee exerted pressure on domestic prices." He added that the overall market sentiment remains weak due to the strengthening rupee and concerns that high crude oil prices could fuel inflationary pressures. On Wednesday, the rupee strengthened significantly by 48 paise against the US dollar, closing at 94.43 (provisional). The rupee received support from the Reserve Bank of India’s (RBI) intervention, aimed at curbing the demand for the dollar.

Ashish Rajodia, Head of Commodities at PL Capital, noted that silver prices in the domestic market also saw a decline. Crude oil prices fell following initial hopes for a peace agreement involving Iran, which provided temporary support to precious metals. In global markets, spot gold remained largely stable at $4,127.68 per ounce, while silver fell by 0.48% to $57.72 per ounce. Kaynat Chainwala, Assistant Vice President (Commodity Research) at the brokerage platform Kotak Neo, remarked, "Spot gold is trading steady around $4,126 per ounce, whereas silver has declined to $57.10 per ounce after reaching $58.60 per ounce in the previous session."