Gold Rate Today: 24K Gold at ₹1,43,152 per 10g on 22 October 2026, Down ₹908

All figures use the IBJA AM benchmark. Gold is quoted per 10 grams and silver per kilogram. The quoted rates exclude 3% GST and making charges.

How Much Did Gold Fall Today? 

The 999-purity benchmark declined from ₹1,44,060 to ₹1,43,152 per 10 grams, a fall of ₹908. 

Percentage change: 

(₹1,43,152 - ₹1,44,060) ÷ ₹1,44,060 × 100 = -0.63% 

The decline was similar across the other gold-purity benchmarks because the purity rates are derived from the underlying benchmark value. 

Silver moved more sharply, falling ₹5,102 per kg, or around 2.48%. 

What Is Driving Gold Prices? 

International bullion prices were also under pressure on Thursday. Reuters reported spot gold down 1.1% at $4,094.90 an ounce at 03:33 GMT. The international move came as higher crude-oil prices added to inflation concerns and reinforced expectations that interest rates could remain elevated for longer. 

Gold is sensitive to several interacting variables, including US interest-rate expectations, Treasury yields, movements in the US dollar, geopolitical risk and currency movements. For Indian buyers, USD/INR is also relevant because internationally traded bullion is denominated in dollars. 

The domestic IBJA benchmark and the international spot price should not be treated as directly interchangeable because currency conversion, local market conditions and benchmark methodology also affect the rupee price. 

What Can Lower Gold Prices Mean for Indian Markets? 

Jewellery Companies 

A lower gold benchmark reduces the rupee value of a fixed quantity of bullion relative to the previous AM fixing. For jewellery businesses, this can affect inventory valuation and the amount of working capital needed to finance equivalent physical quantities. 

The actual impact varies according to inventory levels, hedging practices, procurement timing and how quickly raw-material changes are passed through to retail prices. 

Consumer Demand 

At the IBJA benchmark level, 10 grams of 999 gold cost ₹908 less in the 22 October AM fixing than in the previous AM fixing. 

Actual jewellery bills remain different because retail purchases can also include GST, making charges, wastage and retailer-specific pricing. 

Gold Imports 

India imports a substantial portion of its gold requirement. Changes in international bullion prices and the rupee-dollar exchange rate can therefore alter the dollar and rupee value of imported gold for a given physical volume. 

The effect on the overall import bill also depends on how much gold is imported. 

Gold-Loan Businesses 

Gold prices influence the assessed collateral value of pledged jewellery. Changes in collateral values can affect permissible loan amounts under applicable loan-to-value frameworks. 

Individual lenders use their own approved valuation procedures and regulatory requirements, so the IBJA AM rate should not be interpreted as the exact valuation used for every loan. 

Broader Markets 

Gold is monitored alongside currencies, bond yields, oil and other global assets because these markets can respond to common factors such as inflation expectations, monetary policy and geopolitical developments. 

These relationships vary over time and do not establish a predetermined direction for Indian equities.