Gold Rate Today: 24K Gold at ₹1,47,975 per 10g on 7 October 2026, Up ₹697

The benchmark rates above exclude GST and jewellery-making charges.

How Much Did Gold Rise Today? 

The benchmark 999 gold rate increased by ₹697 per 10 grams, from ₹1,47,278 in the 6 October AM benchmark to ₹1,47,975 in the 7 October AM benchmark. 

The percentage movement was: 

₹697 ÷ ₹1,47,278 × 100 = approximately 0.47%. 

This comparison uses the AM benchmark for both sessions. Comparing the 7 October AM figure with the 6 October PM rate would mix two different benchmark timings and produce a different—and misleading for this methodology—day-on-day result. 

What Is Driving Gold Prices? 

International bullion prices, the US dollar, Treasury yields, monetary-policy expectations and currency movements are among the factors that can affect domestic gold pricing. 

In early international trading on 7 October, spot gold was modestly lower at around $4,150 an ounce as markets awaited minutes from the US Federal Reserve's September meeting. US Treasury yields and the dollar remained relevant cross-asset inputs for bullion pricing. 

The domestic IBJA benchmark does not have to move by exactly the same percentage as international spot gold at a particular instant. Benchmark timing, USD/INR and domestic market conditions can result in differences between the two observations. 

What Can Higher Gold Prices Mean for Indian Markets? 

Jewellery Companies 

Gold is a major raw material and inventory item for jewellery businesses. When the rupee value of gold rises, the amount of working capital required to hold the same physical quantity of inventory can increase. 

The eventual financial effect also depends on inventory-management practices, hedging arrangements, product mix and the extent to which raw-material costs are passed through to customers. 

Consumer Demand 

For consumers purchasing a fixed quantity of gold, a higher benchmark price raises the metal value of that purchase before GST and making charges. 

For example, the ₹697 increase in the 999 benchmark means that 10 grams of 999-purity gold carried ₹697 more benchmark metal value in the 7 October AM fixing than in the previous trading day's AM fixing. 

Gold Imports 

India imports a substantial portion of its gold requirements. If international gold prices or the rupee-denominated cost of gold remain higher while import volumes are unchanged, the value of gold imports can increase. 

That makes gold prices relevant to merchandise imports and, alongside other trade flows, India's external balance. 

Gold-Loan Businesses 

A rise in gold prices increases the market value of a given quantity of eligible gold collateral. For gold-loan companies, this can alter collateral coverage and the rupee amount associated with applicable loan-to-value limits. 

Actual loan eligibility remains subject to regulatory and lender-specific valuation rules. 

Broader Markets 

Gold is also followed as a cross-asset benchmark because it interacts with real yields, currencies and global risk conditions. These relationships can provide context for financial markets, but a move in gold alone does not determine the direction of Indian equities or other asset classes.