Gold Rate Today: 24K Gold at ₹1,49,614 per 10g on 9 October 2026, Up ₹2,151

Gold prices are quoted per 10 grams, while silver prices are quoted per kilogram. All figures represent IBJA AM benchmarks, excluding GST and making charges. 

How Much Did Gold Rise Today? 

The IBJA 999-purity gold benchmark increased from ₹1,47,463 on 8 October to ₹1,49,614 per 10 grams on 9 October. 

The absolute increase was ₹2,151, equivalent to 1.46%. 

For a quantity of 100 grams, the difference between the two benchmark rates amounts to ₹21,510 before taxes and other charges. 

The increase was also reflected across the other purity categories. Gold of 916 purity increased by ₹1,970 per 10 grams, while 750-purity gold rose by ₹1,614. 

Silver recorded a comparatively similar percentage movement, increasing by 1.43% in the AM benchmark. 

What Is Driving Gold Prices? 

Domestic gold prices are influenced by international bullion valuations, currency movements, financing conditions and physical-market demand. 

International gold prices are typically denominated in US dollars. Consequently, changes in the USD/INR exchange rate can affect the rupee-denominated cost of gold even when the international benchmark remains unchanged. 

US Treasury yields and monetary-policy expectations are also relevant because gold does not generate periodic interest income. Changes in yields can influence the relative opportunity cost of holding bullion. 

Geopolitical developments can affect demand for gold as a store of value, while central-bank purchases and investment flows can influence the broader physical and financial markets. 

However, the 1.46% increase in India's IBJA AM benchmark cannot be attributed conclusively to any single factor without matching international price, currency and market-flow evidence. 

What Can Higher Gold Prices Mean for Indian Markets?

Jewellery Companies 

Gold represents a major raw-material and inventory component for jewellery businesses. 

Higher benchmark prices increase the replacement value of existing gold inventory. They can also raise the amount of working capital required to purchase the same quantity of metal. 

The actual financial effect depends on inventory accounting, hedging arrangements, procurement timing and the extent to which changes in raw-material costs are reflected in retail prices. 

Consumer Demand 

A higher gold price increases the metal cost of purchasing a fixed quantity. 

For example, the benchmark cost of 10 grams of 999-purity gold increased by ₹2,151 between the two AM fixings. 

For jewellery purchases, the final invoice can differ because of purity, GST, making charges, wastage calculations and retailer-specific pricing. 

Gold Imports 

India imports a substantial proportion of its gold requirements. 

If the international price of gold increases while import volumes remain unchanged, the dollar value of gold imports can increase. 

The eventual effect on India's external balance depends on import quantities, international prices, currency movements and other trade flows. 

Gold-Loan Businesses 

Gold-backed lending is linked to the assessed value of pledged jewellery and applicable loan-to-value requirements. 

Higher benchmark prices can increase the assessed metal value of eligible collateral, although lenders also consider purity, eligible weight, valuation procedures and regulatory limits. 

A higher gold rate does not automatically translate into a proportional increase in an individual borrower's eligible loan amount. 

Broader Markets 

Gold interacts with several parts of India's financial system, including commodity markets, exchange-traded gold products, jewellery manufacturing, gold-backed lending and international trade. 

Changes in bullion prices can alter inventory valuations, collateral assessments and import costs. These effects operate through different financial mechanisms and do not establish a definite direction for equity-market movements.