Gold Price Today: October 3, 2026 Gold Rate in India, 22K and 24K Prices
Gold Price Today in India
The gold price today, October 3, 2026, remains around the ₹1.5 lakh per 10-gram level in the Indian market, although rates have shown small differences across cities and pricing sources.
According to the latest Indian Bullion Association data reported by Mint, 24-carat gold is priced at ₹1,50,550 per 10 grams, while 22-carat gold is at ₹1,38,004 per 10 grams. Silver 999 fine is quoted at ₹2,26,590 per kg.
Another market update from Goodreturns puts 24K gold at ₹14,918 per gram, or ₹1,49,180 per 10 grams, while 22K gold is quoted at ₹13,675 per gram, or ₹1,36,750 per 10 grams.
The variation is largely because gold prices can differ depending on the benchmark, city, jeweller and time at which the rate is recorded.
Gold Rate Today: Key Prices
| Gold Purity | Price Per Gram | Approx. Price Per 10 Grams |
|---|---|---|
| 24K Gold | ₹14,918–₹15,055 | ₹1,49,180–₹1,50,550 |
| 22K Gold | ₹13,675–₹13,800 | ₹1,36,750–₹1,38,004 |
| 18K Gold | Around ₹11,189 | Around ₹1,11,890 |
| Silver 999 | Around ₹226–₹235/g | ₹2.26–₹2.35 lakh/kg |
Rates vary by source, city, jeweller and timing. Jewellery prices can be higher after taxes and making charges.
Gold Price Today in Major Indian Cities
Gold rates are not exactly identical across India. Transportation costs, local demand, taxes, jeweller margins and market timing can create differences between cities.
According to Mint’s October 3 city-wise data, the following were the indicative rates.
| City | 24K Gold / 10g | 22K Gold / 10g |
|---|---|---|
| New Delhi | ₹1,50,020 | ₹1,37,518 |
| Mumbai | ₹1,50,270 | ₹1,37,748 |
| Bengaluru | ₹1,50,390 | ₹1,37,858 |
| Kolkata | ₹1,50,080 | ₹1,37,573 |
| Hyderabad | ₹1,50,510 | ₹1,37,968 |
| Chennai | ₹1,50,710 | ₹1,38,151 |
These are indicative bullion rates and should not be treated as the final amount payable at a jewellery store.
Gold Rate Today in Delhi
In Delhi, 24K gold is around ₹1,50,020 per 10 grams, while 22K gold is approximately ₹1,37,518 per 10 grams.
Delhi is one of India’s major bullion and jewellery markets, so local prices often closely track national bullion benchmarks.
Consumers buying jewellery should remember that the final bill can be significantly higher than the headline gold rate because of making charges, GST and other applicable costs.
Gold Rate Today in Mumbai
Mumbai’s indicative gold rate is around ₹1,50,270 per 10 grams for 24K gold and ₹1,37,748 per 10 grams for 22K gold.
The city remains one of India’s major centres for bullion trading and jewellery demand.
Gold Rate Today in Kolkata
Kolkata’s October 3 indicative rate is approximately ₹1,50,080 for 24K gold and ₹1,37,573 for 22K gold per 10 grams.
With the festive season approaching, jewellery demand remains an important factor for local retail markets.
Gold Rate Today in Chennai
Chennai is among the markets where 22K jewellery gold is particularly important.
The latest city-wise data puts 24K gold at around ₹1,50,710 per 10 grams and 22K gold at approximately ₹1,38,151 per 10 grams.
A separate Chennai report puts 22K gold at ₹13,675 per gram, or ₹1,09,400 per sovereign, after a ₹100-per-gram decline from the previous day.
Why Gold Prices Are Moving Today
Several domestic and international factors are influencing the gold price today.
1. Strong US Dollar
A stronger US dollar generally creates pressure on dollar-denominated gold because the metal becomes more expensive for buyers using other currencies.
Reuters reported that gold declined on October 2 as the dollar strengthened and US Treasury yields remained elevated.
2. US Treasury Yields
Higher bond yields can reduce the relative attractiveness of non-interest-bearing gold.
Reuters reported that long-term US Treasury yields reached their highest level since 2002, contributing to pressure on the precious metal.
3. Federal Reserve Rate Expectations
US interest-rate expectations remain an important driver of international gold prices.
Recent US economic data and inflation figures have influenced market expectations about the Federal Reserve’s future policy. Softer inflation initially supported gold on October 1, although gains were limited by the stronger dollar and rising yields.
4. Geopolitical Uncertainty
Gold is traditionally watched as a safe-haven asset during periods of geopolitical uncertainty.
Ongoing tensions and concerns around global economic stability can influence investor demand for bullion. However, gold does not always rise during every geopolitical event because currency movements, interest rates and liquidity conditions can work in the opposite direction.
MCX Gold Price Today
The Multi Commodity Exchange of India (MCX) is closed on weekends, meaning there is no regular MCX gold trading session on Saturday, October 3.
Mint noted that MCX was also closed on Friday for Gandhi Jayanti, so domestic futures traders were relying on the latest available market levels from the previous trading session.
This is important for readers searching for “MCX gold price today” because the retail jewellery rate and the futures market are not the same thing.
International Gold Price
Internationally, gold has recently come under pressure.
Reuters reported on October 2 that spot gold fell around 0.9% to $4,140.06 per ounce, putting the metal on track for a second consecutive weekly decline. Gold was down around 3.4% for the week at that point.
The movement shows how quickly international prices can change even when domestic Indian prices remain close to ₹1.5 lakh per 10 grams.
For Indian consumers, the rupee-dollar exchange rate also plays a significant role in determining domestic bullion prices.
Gold Price Compared With Last Year
Gold remains substantially more expensive than it was a year ago.
A Chennai market comparison showed 22K gold rising from ₹10,840 per gram on October 3, 2025, to ₹13,675 per gram on October 3, 2026, representing an increase of roughly 26.15%.
The year-on-year rise highlights why gold jewellery and investment costs have become a major consideration for Indian households.
At the same time, past performance does not guarantee future returns. Gold can experience significant corrections when interest rates, currency movements or investor demand change.
Silver Price Today
Silver is also attracting attention alongside gold.
Mint’s latest IBA-based data puts 999 fine silver at ₹2,26,590 per kg on October 3.
Other retail-market reports show silver around ₹2.35 lakh per kg, demonstrating the same benchmark and timing differences seen in gold prices.
Silver has also seen strong demand because it is used not only for jewellery and investment but also across industrial applications.
Gold 22K vs 24K: What Is the Difference?
The two most commonly searched gold purities in India are 22K and 24K.
24K gold is approximately 99.9% pure and is generally preferred for bullion, coins and investment products. Because pure gold is relatively soft, it is less commonly used for everyday jewellery.
22K gold contains around 91.6% gold, with other metals added to increase strength. It is widely used for Indian jewellery.
Therefore, consumers should not compare a 22K jewellery price directly with a 24K bullion price without considering purity.
Why Jewellery Prices Are Higher Than Gold Rates
A common question among buyers is why the jewellery shop’s final price is higher than the gold rate published online.
The headline gold rate generally represents the underlying bullion value. A jewellery bill can additionally include:
- Making charges
- GST
- Hallmarking-related charges
- Wastage or design-related charges, depending on the jeweller
- Other applicable fees
Business Today notes that retail gold purchases in India attract 3% GST, while jewellery-related costs can further increase the final purchase amount.
Consumers should therefore ask for a detailed invoice showing the purity, weight, gold rate, making charges and taxes before completing a purchase.
Is Gold Price Likely to Remain Volatile?
Gold markets could remain sensitive to global economic developments.
The recent international decline has been linked to the stronger dollar and elevated Treasury yields. At the same time, changing expectations for US monetary policy and geopolitical developments could quickly alter market sentiment.
In India, festive-season demand can also influence retail prices, particularly as consumers traditionally purchase jewellery during major festivals and auspicious occasions.
However, short-term price movements are difficult to predict accurately. Buyers should therefore distinguish between the current market rate and any future price forecast.
Gold Price Today: What Buyers Should Check
Anyone planning to purchase gold today should check more than just the headline rate.
Before making a purchase, buyers should confirm:
- Gold purity — 22K, 24K or another grade.
- Today’s rate — Ask whether the quoted rate is per gram or per 10 grams.
- Making charges — These can vary significantly between designs and jewellers.
- GST — Check that applicable taxes are clearly mentioned.
- Hallmarking — Verify the purity and hallmark information.
- Net gold weight — Make sure stone weight is not counted as gold.
- Final invoice — Check every component before payment.
These checks become particularly important when gold prices are around record-high levels.
Gold Price Today: Latest Update
As of October 3, 2026, gold remains near the ₹1.5 lakh-per-10-gram level in India’s bullion market.
The latest IBA-based benchmark reported by Mint is ₹1,50,550 per 10 grams for 24K gold and ₹1,38,004 for 22K gold, while city-wise retail indicators show modest variations.
Internationally, gold has recently faced pressure from a stronger dollar and elevated US Treasury yields. Spot gold was reported at $4,140.06 per ounce on October 2 after falling 0.9% during the session.
For Indian buyers, the next major factors to watch include global bullion movement, the rupee-dollar exchange rate, US interest-rate expectations, geopolitical developments and festive-season demand.
FAQs
What is the gold price today in India?
On October 3, 2026, the IBA-based rate reported by Mint is around ₹1,50,550 per 10 grams for 24K gold and ₹1,38,004 per 10 grams for 22K gold.
What is the 22K gold price today?
The latest benchmark is approximately ₹13,800 per gram, although city and jeweller rates can vary.
What is the 24K gold price today?
The latest IBA-based rate is around ₹15,055 per gram, or ₹1,50,550 per 10 grams.
What is the gold price in Mumbai today?
The indicative Mumbai rate is approximately ₹1,50,270 per 10 grams for 24K gold and ₹1,37,748 for 22K gold.
What is the gold price in Kolkata today?
Kolkata’s indicative rate is around ₹1,50,080 per 10 grams for 24K gold and ₹1,37,573 for 22K gold.
What is the silver price today?
The IBA-based 999 fine silver rate is around ₹2,26,590 per kg, although retail quotes can differ.
Why is the jewellery price higher than the gold rate?
Jewellery bills include costs such as making charges and applicable GST in addition to the underlying gold value.
Conclusion
The gold price today, October 3, 2026, remains around ₹1.5 lakh per 10 grams for 24K gold in India, with rates varying slightly between benchmarks and cities. The latest IBA-based figure is ₹1,50,550 per 10 grams for 24K and ₹1,38,004 for 22K gold.
International gold prices have recently faced pressure from a stronger US dollar and elevated Treasury yields, while expectations surrounding Federal Reserve policy continue to influence the global bullion market.
For consumers, the most important point is that the online gold rate is not necessarily the final jewellery price. Purity, making charges, taxes and the jeweller’s quoted rate can all affect the final bill.