Gold rates drop across major Indian cities as global tensions push safe-haven demand

Gold prices in India stand at Rs 14,902 per gram for 24 carat gold, Rs 13,660 per gram for 22 carat gold, and Rs 11,177 per gram for 18 carat gold on October 6, 2026. This reflects a decrease of Rs 16 for 24K gold, Rs 15 for 22K gold, and Rs 12 for 18K gold compared to October 5.

Market Details

Vikram Subburaj, CEO of Giottus.com, notes that MCX December gold is trading around ₹1,49,311 per 10 grams, marking a 0.72 percent drop. Meanwhile, December silver is around ₹2,26,240 per kg, showing a 0.16 percent rise. Subburaj points out that the December gold contract had climbed above ₹1.50 lakh on October 5 but is now struggling to hold that level, with a session high of ₹1,51,197 indicating selling pressure in the ₹1.50 to 1.51 lakh zone.

Regional Prices

Across major cities, 24K gold is priced at Rs 14,902 per gram in Chennai, Mumbai, Kolkata, Bangalore, and Hyderabad, while Delhi stands slightly higher at Rs 14,917 and Pune reaches Rs 15,902. For 22 carat gold, prices sit uniformly at Rs 13,660 across Mumbai, Kolkata, Bangalore, Hyderabad, and Pune, with Chennai at Rs 13,660 and Delhi at Rs 13,675. Eighteen carat gold is priced at Rs 11,177 in Mumbai, Kolkata, Bangalore, Hyderabad, and Pune, while Chennai records Rs 11,220 and Delhi records Rs 11,192.

Context

Precious metal prices in domestic markets are frequently influenced by international geopolitical developments, currency fluctuations, and shifts in investor safe-haven demand. Analysts closely monitor futures contracts and exchange data to track daily trends in retail bullion rates.