Gold rates today fell across major retail jewellers in India on October 1, 2026, with 22-carat gold dropping by ₹3,000 per 100 grams and 24-carat gold declining by ₹3,300 over the same quantity.
The fall came as the dollar and US Treasury yields strengthened.
The latest movement came ahead of the festive season, when demand for jewellery typically becomes an important factor in the domestic gold market.
Despite the correction, gold prices remained near elevated levels.
Gold Rates Today See Sharp Correction
The 24-carat gold price stood at ₹14,924 per gram and ₹1,49,240 per 10 grams.
On a 100-gram basis, the price was ₹14,92,400 after falling by ₹3,300.
The 22-carat rate was ₹13,680 per gram and ₹1,36,800 per 10 grams.
For 100 grams, the price stood at ₹13,68,000, down ₹3,000 from the previous rate.
The 18-carat gold rate also declined.
It was priced at ₹11,193 per gram and ₹1,11,930 per 10 grams, while the 100-gram rate stood at ₹11,19,300 after a ₹2,500 decline.
Gold Prices at Major Jewellers
At Tanishq, 22-carat gold was priced at ₹13,725 per gram and ₹1,37,250 per 10 grams.
The 24-carat rate was ₹14,973 per gram, while 18-carat gold was available at ₹11,230 per gram.
Malabar Gold quoted 22-carat gold at ₹13,680 per gram and ₹1,36,800 per 10 grams.
Its 24-carat gold rate was ₹14,924 per gram and ₹1,49,240 per 10 grams.
Kalyan Jewellers listed 22-carat gold at ₹14,240 per gram and ₹1,42,400 per 10 grams.
Joyalukkas quoted 22-carat gold at ₹13,680 per gram and ₹1,36,800 per 10 grams in the states covered in the report.
IBJA Gold Rates and Market Factors
The India Bullion and Jewellers Association’s rates showed 999-purity gold at ₹14,869 per gram.
Rates for 995, 916, 750 and 585 purity stood at ₹14,809, ₹13,620, ₹11,152 and ₹8,698 per gram respectively.
The report attributed the day’s fall partly to the stronger dollar and higher Treasury yields.
Expectations surrounding monetary policy and interest rates also remained an important factor for the precious-metal market.
Festive Demand Remains Important
Gold has entered the festive season at historically high price levels.
According to Brickwork Ratings’ Head of Research Rajeev Sharan, festive and wedding purchases around Dussehra, Dhanteras and Diwali could support demand in value terms, although high prices may influence jewellery buying patterns.
The latest correction therefore comes at a time when buyers are watching both retail prices and broader market movements.
Actual jewellery purchase prices can also vary between retailers and may differ because of applicable making charges and other costs.
