Gold Price Today in India: Gold prices remain volatile ahead of the festive and wedding shopping season. Here are the indicative 22-carat and 24-carat gold rates in Delhi, Mumbai, Lucknow, Bengaluru and other major cities, along with the factors influencing prices.
Gold buyers preparing for Dhanteras, Diwali and the upcoming wedding season are facing a familiar question: should they purchase jewellery now or wait for prices to fall further?
On Sunday, October 18, the indicative price of 24-carat gold stood at Rs 1,47,660 per 10 grams, while 22-carat gold was quoted at Rs 1,35,350 per 10 grams in Mumbai and several other major cities.
Prices were slightly higher in Delhi, Jaipur, Lucknow and Chandigarh, where 24-carat gold was listed at Rs 1,47,810 per 10 grams and 22-carat gold at Rs 1,35,500.
Gold Rate Today in India: 22K and 24K Prices on October 18
Indicative gold prices across 20 Indian cities show relatively modest differences in the quoted rates. Delhi, Jaipur, Lucknow and Chandigarh are among the cities with higher listed prices, while Mumbai, Bengaluru, Chennai, Kolkata and Hyderabad share the same rates.
Here is the city-wise gold price list for October 18, 2026.
| City | 22K Gold (10 grams) | 24K Gold (10 grams) |
|---|---|---|
| Mumbai | ₹1,35,350 | ₹1,47,660 |
| Delhi | ₹1,35,500 | ₹1,47,810 |
| Bengaluru | ₹1,35,350 | ₹1,47,660 |
| Kolkata | ₹1,35,350 | ₹1,47,660 |
| Chennai | ₹1,35,350 | ₹1,47,660 |
| Hyderabad | ₹1,35,350 | ₹1,47,660 |
| Pune | ₹1,35,350 | ₹1,47,660 |
| Ahmedabad | ₹1,35,400 | ₹1,47,710 |
| Jaipur | ₹1,35,500 | ₹1,47,810 |
| Lucknow | ₹1,35,500 | ₹1,47,810 |
| Coimbatore | ₹1,35,350 | ₹1,47,660 |
| Madurai | ₹1,35,350 | ₹1,47,660 |
| Nagpur | ₹1,35,350 | ₹1,47,660 |
| Chandigarh | ₹1,35,500 | ₹1,47,810 |
| Nashik | ₹1,35,380 | ₹1,47,690 |
| Surat | ₹1,35,400 | ₹1,47,710 |
| Vadodara | ₹1,35,400 | ₹1,47,710 |
| Patna | ₹1,35,400 | ₹1,47,710 |
| Bhubaneswar | ₹1,35,350 | ₹1,47,660 |
| Visakhapatnam | ₹1,35,350 | ₹1,47,660 |
(These are indicative retail rates)
Gold Prices in Delhi, Mumbai and Lucknow: How Much Do Rates Differ?
The city-wise figures reveal an interesting detail. Despite differences in local markets, the quoted gold rates across these 20 cities fall within a narrow range.
In Mumbai, 22K gold is listed at Rs 1,35,350 per 10 grams, compared with Rs 1,35,500 in Delhi. This makes the Delhi quotation Rs 150 higher for the same quantity.
A similar difference appears in 24K gold, with Delhi’s indicative rate at Rs 1,47,810 against Mumbai’s Rs 1,47,660.
Lucknow, Jaipur and Chandigarh have the same listed prices as Delhi, while Ahmedabad, Surat, Vadodara and Patna fall between the two price levels.
Why Are Gold Prices Fluctuating Ahead of Diwali 2026?
Gold prices in India are not determined solely by how many people visit jewellery shops. Domestic demand matters, but movements in international gold prices, currency exchange rates and expectations surrounding US interest rates also influence what Indian consumers pay.
1. Diwali, Dhanteras and wedding demand influence gold buying
Gold traditionally attracts buyers during major festivals and the wedding season. Jewellery, coins and bullion are among the products purchased during this period.
When buying interest increases, it can place additional pressure on local supplies and influence premiums charged in the domestic market.
However, festive demand does not automatically translate into higher gold prices.
Even when more consumers are purchasing gold, changes in international prices or currency movements can offset the impact of domestic demand. Household purchasing power also plays a role in determining how much gold buyers are willing to purchase at prevailing prices.
2. The rupee-dollar exchange rate affects Indian gold rates
The exchange rate between the Indian rupee and the US dollar is another important factor.
India imports much of the gold consumed domestically, while international gold prices are generally quoted in US dollars.
When the rupee weakens against the dollar, importing the same quantity of gold becomes more expensive in rupee terms. This can put upward pressure on domestic gold rates even if international dollar-denominated prices remain unchanged.
A stronger rupee can have the opposite effect by reducing the rupee cost of imports.
3. US Federal Reserve interest rate expectations remain important
Gold markets are also sensitive to expectations surrounding interest rates set by the US Federal Reserve.
Changes in the interest rate outlook can influence global demand for gold, the strength of the dollar and investor preferences between gold and interest-bearing assets.
For Indian buyers, these international developments matter because they can affect gold prices even when local jewellery demand remains relatively stable.
Interest rate expectations should therefore be considered alongside festive buying patterns and currency movements rather than treated as the only reason for price changes.
22K vs 24K Gold: What Should Buyers Consider?
While checking gold rates, buyers should also distinguish between the two commonly quoted purity categories.
24-carat gold represents a higher level of purity and is commonly associated with investment products such as gold bars and coins.
22-carat gold contains a smaller proportion of pure gold because it is alloyed with other metals, making it suitable for many types of jewellery.
The price difference is reflected in the October 18 quotations.
In Mumbai, 24K gold is listed at Rs 1,47,660 per 10 grams, while 22K gold stands at Rs 1,35,350. That is a difference of Rs 12,310 for 10 grams.
Buying Gold Before Diwali? Remember GST and Making Charges
A quoted gold rate does not necessarily represent the amount a customer will pay at the jewellery counter.
The indicative city-wise rates listed above exclude GST, making charges and applicable wastage charges.
For example, Mumbai’s quoted 22K rate of Rs 1,35,350 per 10 grams would become Rs 1,39,410.50 after adding 3% GST to the quoted metal value alone. That calculation does not include making charges or any other applicable costs.
The final bill can therefore be higher, depending on the product and the jeweller’s pricing.
Buyers comparing jewellery prices should pay attention to the metal’s purity, the quantity purchased and the additional charges included in the invoice.
Will Gold Prices Rise or Fall Before Diwali?
There is no certainty that gold prices will rise simply because the festive season is approaching.
Higher demand during Dhanteras and Diwali may support domestic prices, particularly when local supplies become tighter. At the same time, international price movements and changes in the rupee-dollar exchange rate can influence the market in either direction.
Recent fluctuations have created opportunities for buyers to consider purchases during price declines, but a lower quoted rate on one day does not guarantee that prices have reached their lowest level.
For households planning significant jewellery purchases, monitoring city-wise rates and comparing final retail bills may be more useful than attempting to predict the exact direction of gold prices.
With festive shopping and wedding-related demand approaching, gold prices are likely to remain closely watched, especially as domestic buying interest interacts with developments in international markets.
Frequently Asked Questions (FAQs)
What is the 24K gold rate in India today, October 18, 2026?
The indicative 24K gold rate is Rs 1,47,660 per 10 grams in Mumbai, Bengaluru, Chennai, Kolkata and Hyderabad. In Delhi, Jaipur, Lucknow and Chandigarh, the listed rate is Rs 1,47,810 per 10 grams.
What is the 22K gold price in Delhi today?
On October 18, 2026, the indicative 22K gold price in Delhi is Rs 1,35,500 per 10 grams, excluding GST and making charges.
Why do gold prices increase during Diwali?
Festive purchases of jewellery, coins and bullion can increase local demand and affect premiums. However, international prices, exchange rates and supply conditions also influence domestic gold rates.
Does a weaker rupee make gold more expensive?
A weaker rupee can increase the cost of importing dollar-priced gold, potentially raising domestic prices even when international gold quotations remain unchanged.
Are GST and making charges included in today’s gold rates?
No. The indicative rates in the city-wise table exclude 3% GST, jewellery making charges and applicable wastage charges.
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