Gold prices dip slightly across India as futures trade higher

Gold prices in India stand at Rs 14,957 per gram for 24 carat gold, Rs 13,710 for 22 carat gold, and Rs 11,218 for 18 carat gold on October 7, 2026, according to Good Returns. This marks a decrease of Rs 65 for 24K gold, Rs 60 for 22K gold, and Rs 49 for 18K gold compared to October 6.

Market Futures

Vikram Subburaj, CEO of Giottus.com, notes that gold and silver futures show a stronger start. MCX December gold trades around Rs 1,50,059 per 10 grams with a 0.50 percent rise, while December silver is around Rs 2,27,480 per kg, up 0.62 percent. Gold has reclaimed the Rs 1.50 lakh level after opening at Rs 1,48,928 and moving up to Rs 1,50,575, showing that buyers are returning at lower levels.

Context

Precious metals often see increased demand during times of global uncertainty or conflict as investors look for safe ways to protect their money. Market prices for gold and silver fluctuate daily based on buyer demand, currency values, and trading activity on commodity exchanges.