Gold prices in India witnessed an upward trend on October 10, 2026, according to data from Good Returns. The market rate for 24-carat gold reached Rs 15,142 per gram, reflecting an increase of Rs 71 compared to the previous day’s figures. Similarly, the prices for 22-carat and 18-carat gold also saw gains, climbing to Rs 13,880 and Rs 11,357 per gram, respectively, marking hikes of Rs 65 and Rs 54.
This rise in the price of precious metals comes amid a backdrop of significant geopolitical instability, particularly in West Asia. Recent reports indicate that a 60-day maritime armistice, previously brokered by the United States and Iran, has disintegrated, leading to renewed missile strikes and increased risks to international shipping lanes. This instability has prompted concerns regarding potential energy disruptions, causing a surge in safe-haven assets like gold.
Regional variations in pricing were observed across major cities. In Delhi, gold is currently trading slightly higher, with 24-carat gold at Rs 15,157 and 22-carat at Rs 13,895. Other major metropolitan hubs, including Mumbai, Kolkata, Bangalore, Hyderabad, and Pune, reported consistent rates of Rs 15,142 for 24-carat gold and Rs 13,880 for 22-carat gold. In contrast, Chennai reflected a unique rate for 18-carat gold at Rs 11,400 per gram. Ahmedabad and Vadodara recorded 24-carat gold prices at Rs 15,147 per gram.
Market analysts note that beyond the geopolitical volatility in the region, domestic factors such as recent adjustments to import duties and fluctuations in foreign exchange rates have further influenced the current pricing environment. As tensions persist, the performance of precious metals continues to be closely monitored by both investors and consumers across the country.
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