Gold Price Today: Rates Fall ₹1,700 per 10 gm on Thursday; PC Jeweller Gains 4.11%

New Delhi, Oct 22: Gold prices fell for the second straight session on Thursday. According to Goodreturns.in, 10 grams of 24-carat (99.9% purity) gold costs Rs 1,44,380 in most cities. The price of 10 grams of 22-carat (91.6% purity) gold is Rs 1,32,350, while 18-carat (75% purity) gold is selling at Rs 1,08,290. Prices are for bullion and exclude taxes and making charges.

On Wednesday, 10 grams of 24-carat, 22-carat and 18-carat gold cost Rs 1,46,080, Rs 1,33,900 and Rs 1,09,560, respectively. This represents falls of Rs 1,700, Rs 1,550 and Rs 1,270 per 10 grams, respectively, or around 1.2% across all three categories. Wednesday’s rates had themselves been Rs 1,960 lower than Monday’s, so 24-carat gold has now shed Rs 3,660 per 10 grams in two sessions.

On a per-gram basis, 24-carat gold costs Rs 14,438, 22-carat gold Rs 13,235 and 18-carat gold Rs 10,829 in the Mumbai cluster of cities. Buyers will therefore pay Rs 170, Rs 155 and Rs 127 less per gram, respectively, than Wednesday’s rates.

For bulk buyers, one kilogram of 24-carat gold costs Rs 1,44,38,000, while 22-carat and 18-carat gold cost Rs 1,32,35,000 and Rs 1,08,29,000, respectively. This is Rs 1,70,000, Rs 1,55,000 and Rs 1,27,000 less than Wednesday’s rates.

The price of 10 grams of 24-carat gold is now Rs 3,060 lower than Friday, October 16, when it stood at Rs 1,47,440, and Rs 6,600 lower than Monday, October 12, when it stood at Rs 1,50,980. That is a fall of about 4.37% from the October 12 level, and today’s rate is below every rate recorded since that day.

Delhi continues to be the costliest city, with 10 grams of 24-carat gold priced at Rs 1,44,530. This is Rs 150 more than the rate of Rs 1,44,380 in Chennai, Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune. The gap has not changed since Wednesday.

A similar trend can be seen in 22-carat and 18-carat gold prices, with Delhi charging Rs 150 more per 10 grams than the Mumbai cluster in both. Vadodara and Ahmedabad have 24-carat prices of Rs 1,44,430 per 10 grams, which is Rs 50 higher than the Mumbai cluster. In Chennai, 10 grams of 18-carat gold is priced at Rs 1,08,350, Rs 60 higher than the Mumbai cluster, narrowing from Rs 140 on Wednesday.

City-Wise Gold Rates: Today vs Yesterday

The tables below set Wednesday’s (Oct 21) 10-gram gold rates for ten major Indian cities against Thursday’s (Oct 22) rates, along with the change over the period. All ten cities showed a fall in all three purities. The drop was ₹1,700 in 24K, ₹1,550 in 22K and ₹1,270 to ₹1,350 in 18K.

24K Gold: 10 Major Cities (per 10 grams)

City	Wed, Oct 21	Thu, Oct 22	Diff
Chennai	₹1,46,080	₹1,44,380	-₹1,700
Mumbai	₹1,46,080	₹1,44,380	-₹1,700
Delhi	₹1,46,230	₹1,44,530	-₹1,700
Kolkata	₹1,46,080	₹1,44,380	-₹1,700
Bangalore	₹1,46,080	₹1,44,380	-₹1,700
Hyderabad	₹1,46,080	₹1,44,380	-₹1,700
Kerala	₹1,46,080	₹1,44,380	-₹1,700
Pune	₹1,46,080	₹1,44,380	-₹1,700
Vadodara	₹1,46,130	₹1,44,430	-₹1,700
Ahmedabad	₹1,46,130	₹1,44,430	-₹1,700

22K Gold: 10 Major Cities (per 10 grams)

City	Wed, Oct 21	Thu, Oct 22	Diff
Chennai	₹1,33,900	₹1,32,350	-₹1,550
Mumbai	₹1,33,900	₹1,32,350	-₹1,550
Delhi	₹1,34,050	₹1,32,500	-₹1,550
Kolkata	₹1,33,900	₹1,32,350	-₹1,550
Bangalore	₹1,33,900	₹1,32,350	-₹1,550
Hyderabad	₹1,33,900	₹1,32,350	-₹1,550
Kerala	₹1,33,900	₹1,32,350	-₹1,550
Pune	₹1,33,900	₹1,32,350	-₹1,550
Vadodara	₹1,33,950	₹1,32,400	-₹1,550
Ahmedabad	₹1,33,950	₹1,32,400	-₹1,550

18K Gold: 10 Major Cities (per 10 grams)

City	Wed, Oct 21	Thu, Oct 22	Diff
Chennai	₹1,09,700	₹1,08,350	-₹1,350
Mumbai	₹1,09,560	₹1,08,290	-₹1,270
Delhi	₹1,09,710	₹1,08,440	-₹1,270
Kolkata	₹1,09,560	₹1,08,290	-₹1,270
Bangalore	₹1,09,560	₹1,08,290	-₹1,270
Hyderabad	₹1,09,560	₹1,08,290	-₹1,270
Kerala	₹1,09,560	₹1,08,290	-₹1,270
Pune	₹1,09,560	₹1,08,290	-₹1,270
Vadodara	₹1,09,610	₹1,08,340	-₹1,270
Ahmedabad	₹1,09,610	₹1,08,340	-₹1,270

Source: Goodreturns.in

Every row in the three tables shows a fall. In 24K and 22K gold, all ten cities saw the same decline of ₹1,700 and ₹1,550 per 10 grams, respectively, while 18K gold fell by ₹1,270 in nine cities and ₹1,350 in Chennai. The Rs 150 gap between Delhi and the Mumbai cluster holds in all three tables, as does the Rs 50 premium in Vadodara and Ahmedabad.

Keep in mind that these are bullion rates. Jewellery will cost more because you will have to pay making charges, wastage charges and 3% GST. GST alone adds about ₹4,331 on a 10-gram purchase of 24K gold at today’s rate, and about ₹3,970 on 22K and ₹3,249 on 18K for the same weight.

With Dhanteras and Diwali still to come, buyers will be watching whether the fall deepens or the rates find a floor after two weeks of declines. At ₹1,44,380 per 10 grams, 50 grams of 24K gold costs ₹7,21,900 before making charges and GST. A 22K chain weighing 20 grams would cost ₹2,64,700 in gold value alone at ₹1,32,350 per 10 grams, which is ₹3,100 less than on Wednesday. Even a single 10-gram 22K piece is now ₹1,550 cheaper than it was a day ago.

Jewellery Stocks Today

Jewellery stocks were weak in early trade on Thursday as the Nifty 50 fell to 22,610.25 around 10:06 am, down 201.10 points or 0.88 per cent from Wednesday’s close of 22,811.35. PC Jeweller was the only gainer, up 4.11 per cent. Kalyan Jewellers India fell 2.80 per cent, Thangamayil Jewellery 1.44 per cent and Titan Company 0.89 per cent. The previous closes quoted below are Wednesday’s.

Company	Ticker	Price	Change
Titan Company	TITAN	₹4,341.80	-₹39.10 (-0.89%)
Kalyan Jewellers India	KALYANKJIL	₹541.40	-₹15.60 (-2.80%)
Thangamayil Jewellery	THANGAMAYL	₹4,790.50	-₹70.00 (-1.44%)
PC Jeweller	PCJEWELLER	₹19.27	+₹0.76 (+4.11%)

Source: NSE market data

Titan Company opened at ₹4,350.00 against a previous close of ₹4,380.90, a gap-down of about 0.7 per cent, and touched a high of ₹4,362.70, 0.41 per cent below the previous close. It then slipped to a low of ₹4,326.40 and has traded in a narrow band since. It is at ₹4,341.80, down 0.89 per cent and just below its volume-weighted average price (VWAP) of ₹4,344.31.

Kalyan Jewellers India opened at ₹558.05 against a previous close of ₹557.00, and the high of ₹558.10 came almost immediately. It then fell sharply in the first half hour and touched a low of ₹539.00 near 10:00 am, 3.23 per cent below the previous close. It is trading at ₹541.40, down 2.80 per cent and below its VWAP of ₹546.29.

Thangamayil Jewellery opened at ₹4,844.00 against a previous close of ₹4,860.50 and spiked to a high of ₹4,895.50 around 9:20 am, 0.72 per cent above the previous close. It then slid, touching a low of ₹4,780.00, 1.66 per cent below the previous close. It is trading at ₹4,790.50, down 1.44 per cent and below its VWAP of ₹4,823.93.

PC Jeweller was the most volatile of the four. It opened at ₹19.99 against a previous close of ₹18.51, a gap-up of about 8.0 per cent, and touched a high of ₹20.10, 8.6 per cent above the previous close. It then eased to a low of ₹18.82 around 9:42 am, still above the previous close, before recovering. It is trading at ₹19.27, up 4.11 per cent but below its VWAP of ₹19.38.

Gold fell Rs 1,700 per 10 grams on Thursday, yet the stocks did not move in step. PC Jeweller gained 4.11 per cent while Kalyan, Thangamayil and Titan slipped, against a Nifty 50 that was down 0.88 per cent. Compared with Wednesday’s morning levels, Titan is down ₹57.80 or 1.31 per cent from ₹4,399.60, Kalyan by ₹28.35 or 4.98 per cent from ₹569.75 and Thangamayil by ₹115.50 or 2.35 per cent from ₹4,906.00, while PC Jeweller is up ₹0.79 or 4.27 per cent from ₹18.48.

Order book data showed buyers ahead on PC Jeweller and Titan Company. PC Jeweller had 57.88 per cent of total quantity on the buy side, or 14,63,31,875 shares against 10,64,86,225 on the sell side, and Titan Company had 54.94 per cent, with 49,465 shares against 40,564. Sellers led on Kalyan Jewellers India at 57.76 per cent, with 3,98,855 shares against 2,91,717, and on Thangamayil Jewellery at 56.18 per cent, with 4,470 shares against 3,486.

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Source: Goodreturns.in, NSE market data. Rates are indicative and subject to change; confirm with your local dealer before purchase.