Gold Price Today, October 1, 2026: 24K Slips ₹330 per 10 gm, Delhi Bucks the Trend

New Delhi, Oct 1: Gold in India edged lower on Thursday, giving back part of the previous session’s rebound, with 24 karat gold (99.9% purity) at ₹14,924 per gram in most cities, 22 karat (91.6% purity) at ₹13,680 per gram and 18 karat at ₹11,193 per gram across major cities. The 24K rate is down ₹33 per gram from Wednesday’s ₹14,957 in most cities, a fall of about 0.22 per cent, or ₹330 per 10 grams. The 22K rate eased ₹30 per gram from ₹13,710, while 18K slipped ₹25 per gram from ₹11,218. Even so, all three purities remain above Tuesday’s levels of ₹14,880, ₹13,640 and ₹11,160 respectively, meaning Thursday’s dip erased less than half of Wednesday’s jump. 

Gold prices in India track international bullion rates and the dollar-rupee exchange rate, so a modest pullback after a sharp one-day bounce typically reflects profit-booking rather than a change in the broader trend. The rupee stayed under pressure, with October USD-INR futures quoted near ₹96.24 on the NSE in morning trade, a level that keeps the cost of imported gold elevated. Equities were in the red as well, with the Nifty 50 trading around 22,576, down about 0.19 per cent, while Gift Nifty futures were marginally lower at 22,651.50. Rates are compiled from dealer forums each morning and can be revised as trading progresses. 

Nine of the 10 major cities tracked fell by the same margin in 24K gold, while Delhi moved the other way. Its 24K rate rose to ₹14,939 per gram from ₹14,894 on Wednesday, a gain of ₹45 per gram, even as Mumbai, Kolkata, Bangalore, Hyderabad, Kerala, Pune and Chennai all dropped to ₹14,924. That swing hands Delhi back its place as the priciest city for 24K gold, ahead of Vadodara and Ahmedabad at ₹14,929 per gram and the seven-city cluster at ₹14,924. In 22K and 18K gold, Delhi moved in line with the rest of the country, shedding ₹30 and ₹25 per gram respectively. 

City-Wise Gold Rates: Today vs Yesterday 

The tables below set Wednesday’s (Sept 30) 10-gram gold rates for ten major Indian cities against Thursday’s (Oct 1) rates, along with the change over the period. 

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

City	Wed, Sep 30	Thu, Oct 1	Diff
Chennai	₹1,49,570	₹1,49,240	-₹330
Mumbai	₹1,49,570	₹1,49,240	-₹330
Delhi	₹1,48,940	₹1,49,390	+₹450
Kolkata	₹1,49,570	₹1,49,240	-₹330
Bangalore	₹1,49,570	₹1,49,240	-₹330
Hyderabad	₹1,49,570	₹1,49,240	-₹330
Kerala	₹1,49,570	₹1,49,240	-₹330
Pune	₹1,49,570	₹1,49,240	-₹330
Vadodara	₹1,49,620	₹1,49,290	-₹330
Ahmedabad	₹1,49,620	₹1,49,290	-₹330

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

City	Wed, Sep 30	Thu, Oct 1	Diff
Chennai	₹1,37,100	₹1,36,800	-₹300
Mumbai	₹1,37,100	₹1,36,800	-₹300
Delhi	₹1,37,250	₹1,36,950	-₹300
Kolkata	₹1,37,100	₹1,36,800	-₹300
Bangalore	₹1,37,100	₹1,36,800	-₹300
Hyderabad	₹1,37,100	₹1,36,800	-₹300
Kerala	₹1,37,100	₹1,36,800	-₹300
Pune	₹1,37,100	₹1,36,800	-₹300
Vadodara	₹1,37,150	₹1,36,850	-₹300
Ahmedabad	₹1,37,150	₹1,36,850	-₹300

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

City	Wed, Sep 30	Thu, Oct 1	Diff
Chennai	₹1,14,700	₹1,14,500	-₹200
Mumbai	₹1,12,180	₹1,11,930	-₹250
Delhi	₹1,12,330	₹1,12,080	-₹250
Kolkata	₹1,12,180	₹1,11,930	-₹250
Bangalore	₹1,12,180	₹1,11,930	-₹250
Hyderabad	₹1,12,180	₹1,11,930	-₹250
Kerala	₹1,12,180	₹1,11,930	-₹250
Pune	₹1,12,180	₹1,11,930	-₹250
Vadodara	₹1,12,230	₹1,11,980	-₹250
Ahmedabad	₹1,12,230	₹1,11,980	-₹250

Source: Goodreturns.in 

Delhi’s 24K gain of ₹450 per 10 grams ran against a ₹330 fall in the other nine cities, lifting its rate to ₹1,49,390 per 10 grams. Chennai remained the outlier in 18K gold, at ₹11,450 per gram against ₹11,193 in most cities, though it fell by a smaller ₹200 per 10 grams against ₹250 elsewhere. Its 22K and 24K rates now match the national cluster. Vadodara and Ahmedabad kept their ₹5 per gram premium over the cluster in 24K gold, a gap that has held steady through the week regardless of the direction the national rate has moved. 

Retail buyers should note that these are bullion rates. Jewellery attracts making charges, wastage and 3 per cent GST on the gold value, so the final bill at a jeweller’s counter runs higher than the quoted per-gram rate. Investors seeking exposure to gold without storage or purity concerns can consider Gold ETFs, which track the metal’s price rather than requiring physical delivery. Rates published here are indicative, so dealers advise confirming the final price with a local jeweller or bullion dealer before any purchase. 

Thursday’s dip comes as the festive season gathers pace, with Navratri and Dussehra approaching later this month. Jewellers said a softer price can draw back hesitant buyers, particularly those who held off after Wednesday’s jump, though some in the trade cautioned that a ₹330 fall per 10 grams is too small to shift sentiment on its own. Wedding-season buyers, who plan purchases weeks ahead, are watching the swings closely: a ₹30 per gram dip in 22K gold works out to ₹1,500 on 50 grams and ₹3,000 on 100 grams, before making charges and GST. 

Jewellery Stocks Today 

Shares of listed jewellery companies were mixed in mid-morning trade on Thursday, with the broader market in negative territory. The Nifty 50 was trading around 22,576, down about 0.19 per cent, with Gift Nifty futures down 0.02 per cent. Titan Company, Kalyan Jewellers India and PC Jeweller were all higher, while Thangamayil Jewellery was the lone loser among the four counters tracked, and the weakest of the group by some distance. 

Company	Ticker	Price	Change
Titan Company	TITAN	₹4,593.10	+₹6.10 (+0.13%)
Kalyan Jewellers India	KALYANKJIL	₹553.50	+₹0.35 (+0.06%)
Thangamayil Jewellery	THANGAMAYL	₹5,000.00	-₹62.00 (-1.22%)
PC Jeweller	PCJEWELLER	₹13.62	+₹0.39 (+2.95%)

Source: NSE market data 

Thangamayil Jewellery bore the brunt of the selling. The stock opened at ₹5,087.50 against a previous close of ₹5,062.00 and touched a high of ₹5,102.50 early on, but reversed sharply to a low of ₹4,955.00. It was trading at ₹5,000.00, down 1.22 per cent and just above its VWAP of ₹4,994.12, after a modest recovery in the second hour that fell well short of reclaiming its opening levels. 

Titan Company opened lower at ₹4,574.90 against a previous close of ₹4,587.00 and dipped to a low of ₹4,560.70 before staging a recovery to a high of ₹4,621.80. It was trading at ₹4,593.10, up 0.13 per cent and just above its VWAP of ₹4,591.49. Kalyan Jewellers India opened flat at ₹553.15, matching its previous close, slipped to a low of ₹547.15 around the first half hour, then climbed back to a high of ₹555.55 and was trading at ₹553.50, up 0.06 per cent and above its VWAP of ₹551.68. 

PC Jeweller extended its recent volatility, opening at ₹13.29 against a previous close of ₹13.23, climbing to a high of ₹13.70, and trading at ₹13.62, up 2.95 per cent and above its VWAP of ₹13.57. The counter continued to see extremely heavy order-book quantity, with total buy and sell quantity together crossing 6 crore shares, though sell orders made up 59.46 per cent of the total even as the stock traded higher. 

Market watchers said the split outcome, with three counters edging up and Thangamayil sharply lower, points to stock-specific positioning rather than a clean read-through from gold’s dip. PC Jeweller’s near 3 per cent climb on heavy volumes stood out as the session’s most notable move, while Thangamayil’s slide from an early gain to a fresh intraday low of ₹4,955.00 was the weakest performance among the four. 

Order book data showed buyers ahead on two of the four counters. Buy orders made up 55.23 per cent of total quantity on Titan Company and 52.26 per cent on Kalyan Jewellers India, while PC Jeweller carried the highest sell-side skew of the group at 59.46 per cent. Thangamayil Jewellery was almost evenly split, with 50.28 per cent buy quantity against 49.72 per cent sell, though its order book is thin, at just over 4,000 shares on each side. 

For gold buyers, the next cues are likely to come from global bullion prices and the rupee, which has hovered near 96 against the dollar in futures trade and continues to underpin domestic rates. Jewellery shares, meanwhile, will keep taking their direction from company-specific factors and festive-season demand expectations as much as from the daily moves in the metal. Buyers tracking the week as a whole will note that 24K gold has now swung from ₹14,880 on Tuesday to ₹14,957 on Wednesday and ₹14,924 on Thursday, a narrow range that suggests the market is still searching for direction ahead of the festive buying rush. 

Investors looking to diversify beyond physical gold can also explore the list of Gold ETFs in India, which allow exposure to gold prices without the need to store physical metal: https://hdfcsky.com/etf/gold-etf 

Source

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