Gold Price Today: Gold prices slipped on Gandhi Jayanti; 22-carat gold stood at ₹1,36,940 in Delhi, while silver also remained subdued.
On October 2, coinciding with the birth anniversaries of Mahatma Gandhi and Lal Bahadur Shastri, gold prices in the country have seen a decline. On Friday morning, the price of 24-carat gold in the capital, Delhi, stood at ₹1,49,400 per 10 grams. In Mumbai, the price is ₹1,49,230 per 10 grams. A day earlier, the price of 99.9% pure gold in Delhi's bullion market had risen by ₹500. Over the course of this week, gold prices have fallen by ₹2,800, or approximately 2 percent.
In the international market, spot gold is trading at $4,165.29 per ounce. Weak inflation data from the US dampened expectations of a benchmark interest rate hike by the Federal Reserve in October, leading to a rally in gold prices in the global market. Domestic gold and silver prices are influenced by both local and global factors.
Gold rates in major cities across the country:
Gold price in Delhi: The price of 24-carat gold in Delhi is ₹1,49,400 per 10 grams. The rate for 22-carat gold is ₹1,36,940 per 10 grams.
Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹1,36,790 per 10 grams, while the price of 24-carat gold is ₹1,49,230 per 10 grams.
Gold price in Chennai: The price of 24-carat gold is ₹1,49,230 per 10 grams. The rate for 22-carat gold is ₹1,36,790 per 10 grams.
Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹1,49,230 per 10 grams, and the price of 22-carat gold is ₹1,36,790 per 10 grams.
City Today's Price for 22-Carat Gold (₹) Today's Price for 24-Carat Gold (₹)
Delhi 136,940 149,400
Mumbai 136,790 149,230
Ahmedabad 136,840 149,280
Chennai 136,790 149,230
Kolkata 136,790 149,230
Hyderabad 136,790 149,230
Jaipur 136,940 149,400
Bhopal 136,840 149,280
Lucknow 136,940 149,400
Chandigarh 136,940 149,400
According to Reuters, HSBC has lowered its average gold price forecasts for 2026 and 2027 to $4,490 per ounce and $4,825 per ounce, respectively. The bank states that gold prices could face further pressure in the near term. HSBC expects that central banks will resume gold purchases once prices fall—specifically, if they drop to around or below the $4,000 mark.
Silver Price
Like gold, silver—another precious metal—has also seen a decline. On the morning of October 2, the price of silver stands at ₹234,900 per kilogram. In the international market, the price of spot silver is $60.51 per ounce. Earlier this year, in January, the domestic price of silver had reached a record high of ₹4 lakh per kilogram.
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