Gold Rate Today: 24K Gold at ₹1,48,379 per 10g on October 1 2026, Up ₹979

Gold values are quoted per 10 grams, while silver is quoted per kilogram. IBJA benchmark rates exclude GST and making charges. 

How Much Did Gold Move?

The IBJA AM 999-gold benchmark increased from ₹1,47,400 to ₹1,48,379 per 10 grams. 

That represents an absolute increase of ₹979 and a percentage increase of 0.66%. 

The movement was broadly consistent across the other gold purity categories because those rates are derived from the underlying fine-gold benchmark. 

Gold 995 increased ₹975 to ₹1,47,785 per 10 grams, while 916 gold rose ₹897 to ₹1,35,915. Gold of 750 purity was ₹734 higher at ₹1,11,284, and 585 gold increased ₹573 to ₹86,802. 

Silver's move was smaller in percentage terms. Its AM benchmark rose from ₹2,21,680 to ₹2,22,273 per kg, an increase of ₹593 or 0.27%. 

What Is Driving Gold Prices?

International bullion prices moved higher during Thursday's session as markets assessed US inflation data and its implications for monetary policy. 

Spot gold was trading around $4,187 an ounce during Asian-European hours, with the international benchmark recovering after recent weakness. 

Interest-rate expectations remain an important mechanism for gold. Because bullion itself does not generate interest income, changes in Treasury yields and expectations for US policy rates alter the opportunity cost associated with holding it. 

The US dollar is another relevant variable. International gold is primarily denominated in dollars, so currency movements can change the effective cost of bullion for buyers outside the United States. 

For Indian gold prices, USD/INR adds a second currency channel. Even when the international dollar price is unchanged, movements in the rupee can alter the domestic landed cost of imported bullion. 

Geopolitical developments and movements in energy prices can also influence demand for gold and expectations around inflation, although these relationships can vary between sessions. 

What Can Higher Gold Prices Mean for Indian Markets? 

Jewellery Companies 

A higher gold benchmark increases the rupee value of a fixed quantity of bullion inventory. 

For jewellery businesses, the eventual financial effect depends on procurement timing, inventory management, hedging arrangements and how quickly changes in raw-material prices are reflected in retail prices. 

Higher bullion values can also increase the working capital required to maintain the same physical quantity of inventory.

Consumer Demand 

For consumers, a higher benchmark raises the metal value of a fixed weight of gold. 

The final retail cost of jewellery additionally incorporates GST, making charges, product design and retailer-specific charges, so the IBJA benchmark should not be read as a final jewellery-store price. 

Gold Imports 

India imports a large portion of its gold requirements. For unchanged import volumes and exchange rates, a higher international gold price increases the value of the country's gold import bill. 

The rupee's movement against the dollar can either reinforce or partly offset changes in international bullion prices. 

Gold-Loan Businesses 

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

When the underlying gold benchmark changes, the assessed collateral value also changes. Loan eligibility remains subject to applicable loan-to-value rules and lender-specific valuation practices. 

Broader Markets 

Gold is frequently viewed alongside the dollar, government bond yields, inflation expectations and geopolitical risk. 

These relationships provide cross-asset context, but a change in gold prices by itself does not determine the direction of Indian equity markets.