Gold Rate Today: 24K Gold at ₹1,45,564 per 10g on 15 October 2026, Down ₹781

The rates shown above exclude GST and making charges. 

How Much Did Gold Fall Today? 

The primary IBJA 999 benchmark declined by ₹781 per 10 grams, taking the AM rate from ₹1,46,345 on 14 October to ₹1,45,564 on 15 October. 

The other gold purities recorded a similar percentage adjustment of around 0.53%. 

Silver's move was substantially larger in percentage terms. The 999-purity silver benchmark declined from ₹2,14,392 to ₹2,07,098 per kg, a fall of 3.40%. 

What Is Driving Gold Prices? 

Gold continued to respond to movements across international bullion markets, the US dollar, bond yields and monetary-policy expectations. 

International gold subsequently strengthened during Thursday's global session as the US dollar eased from an 18-month high and US Treasury yields moved lower. Markets were also assessing the implications of stronger US inflation data for the Federal Reserve's interest-rate path. 

The domestic IBJA AM benchmark and later international spot-market quotes refer to different markets and timestamps. As a result, movements in later global trading should not be treated as a direct explanation for every change in India's morning fixing. 

The USD/INR exchange rate is another important transmission channel because internationally traded bullion is dollar-denominated. Changes in the rupee can therefore alter the domestic cost of imported gold even when the international dollar price is unchanged. 

What Can Gold Prices Mean for Indian Markets? 

Jewellery Companies 

Changes in bullion prices alter the value of gold inventories held by jewellery businesses. Higher inventory values can increase the amount of working capital required to maintain a given physical quantity of stock. 

Companies may use hedging and inventory-management practices to manage this exposure, while the extent to which raw-material movements are reflected in retail prices depends on business practices and market conditions. 

Consumer Demand 

A lower benchmark reduces the pre-tax bullion cost of buying a fixed quantity of gold, other things being equal. 

For example, the ₹781 decline in the 999 benchmark means that 10 grams of benchmark gold cost ₹781 less in the 15 October AM fixing than in the previous AM fixing, before GST, making charges and other retail additions. 

Gold Imports 

India imports a large proportion of the gold used domestically. Changes in international prices and the rupee-dollar exchange rate therefore affect the rupee value of gold imports. 

For an unchanged physical import volume, a lower landed gold price reduces the value of the associated import bill, while a higher price increases it. 

Gold-Loan Businesses 

Gold prices influence the assessed value of jewellery pledged as collateral. 

If collateral values change, the rupee value represented by a given loan-to-value ratio can also change. Lending remains subject to applicable valuation practices and regulatory loan-to-value requirements. 

Broader Markets 

Gold is monitored alongside currencies, government-bond yields and other commodities because these markets share common macroeconomic transmission channels, including interest rates, inflation expectations and movements in the US dollar. 

These relationships can vary over time and do not by themselves establish a direction for equity markets.