Gold Rates Today (October 4): Gold Prices Stay Volatile ahead of Diwali & Wedding Season; Check 22K, 24K Gold Rates in Delhi, Mumbai, Chennai, Bengaluru, Hyderabad & Kolkata, MCX Price

Gold Rates Today in India, October 4: Gold prices in India remain volatile ahead of the festive and wedding season, with buyers closely tracking retail rates as Diwali and Dhanteras approach. The latest average retail indicators put 24-karat gold at around ₹14,918 per gram, while 22-karat gold is around ₹13,675 per gram. Eighteen-karat gold is currently around ₹11,189 per gram.

The movement comes after gold prices reached elevated levels globally, with the precious metal facing periods of correction and volatility amid geopolitical tensions, crude oil prices, interest-rate expectations and broader financial-market uncertainty.

For Indian buyers, the coming months are particularly important because gold demand traditionally increases during the festive and wedding season. Dhanteras and Diwali are considered auspicious occasions for gold purchases, while the wedding season can also support demand for jewellery, coins and bullion.

Gold Rates Today in India: Latest Average Prices

Based on the latest retail indicators provided, the average gold rates in India are:

The quoted prices are benchmark retail indicators and can vary between cities, jewellers and product types. Jewellery buyers should also account for applicable taxes and making charges before comparing the final purchase price.

Gold Rates Today on MCX

The Multi Commodity Exchange (MCX) is closed on Sunday, October 4, 2026. The latest available closing reference puts gold at around ₹1,47,724 per 10 grams.

The previous session’s reported range was approximately ₹1,46,934 to ₹1,48,150 per 10 grams. Some gold futures contracts had also moved above the ₹1.50 lakh mark during the recent rally.

With the domestic gold market influenced by international bullion prices, currency movements and broader economic developments, traders and buyers are watching whether the recent correction develops into a more sustained trend.

24K Gold Rate Today in Major Indian Cities

Retail gold prices are broadly similar across several major Indian markets, although small differences can arise depending on local market conditions and jeweller pricing.

Delhi: 24K gold is around ₹1,49,330 per 10 grams, while 22K gold is around ₹1,36,890.

Mumbai: 24K gold is around ₹1,49,180 per 10 grams, while 22K gold is around ₹1,36,750.

Chennai: 24K gold is around ₹1,49,180 per 10 grams, while 22K gold is around ₹1,36,750.

Hyderabad: 24K gold is around ₹1,49,180 per 10 grams, while 22K gold is around ₹1,36,750.

Bengaluru: 24K gold is around ₹1,49,180 per 10 grams, while 22K gold is around ₹1,36,750.

Kolkata: 24K gold is around ₹1,49,280 per 10 grams, while 22K gold is around ₹1,36,850.

Gold Rates Today in Top 15 Indian Cities

The latest supplied benchmark rates per 10 grams are:

Why Gold Prices Are Important Ahead of Diwali and Dhanteras

Gold buying traditionally gains momentum during the festive season in India. Dhanteras, which is associated with the purchase of precious metals and other items considered auspicious, is one of the key occasions for jewellery and bullion purchases.

The period also overlaps with the Indian wedding season. Consumers may purchase gold jewellery for weddings, gifting and family occasions, while some buyers may also consider gold coins and bullion.

Higher seasonal demand can therefore become an important factor for the domestic gold market, although actual prices continue to depend on international bullion trends, currency movements and local market conditions.

Why Are Gold Rates Volatile Right Now?

Gold has experienced significant price movement amid a combination of global economic and geopolitical factors. Geopolitical tensions can increase demand for traditional safe-haven assets, while crude oil prices, US interest-rate expectations and movements in the dollar can influence international bullion prices.

Higher interest rates can weigh on non-yielding assets such as gold, while expectations of changing monetary policy can trigger fresh buying or selling. These factors can contribute to sharp movements in both international and Indian gold markets.

Is Gold Cheaper Than Last Year?

The supplied retail indicators suggest that gold rates ahead of the current festive season are somewhat lower than their levels during comparable periods last year, although prices remain historically elevated and volatile.

Buyers should therefore avoid treating a short-term decline as a guarantee that gold prices will continue falling. Gold can move quickly in response to global markets, geopolitical developments, currency fluctuations and monetary-policy expectations.

Gold Buying Ahead of the Wedding Season

The October-to-February period can be an important window for India’s jewellery industry because festive purchases and weddings can increase consumer demand.

However, the final price paid by a jewellery buyer is not simply the quoted price of gold. Jewellery bills can include 3% GST and making charges, along with other applicable costs depending on the product and jeweller.

Consumers should compare the final invoice rather than relying only on the headline gold rate.

What Should Gold Buyers Check Before Purchasing?

Consumers planning to buy gold during the festive season should check the latest rate for the relevant purity and compare prices from multiple established jewellers.

For jewellery, buyers should also check the BIS hallmark, purity, making charges, GST and the final price payable. The quoted 22K and 24K benchmark prices should not be assumed to represent the final retail cost of every gold product.

Gold Rates Today: Key Takeaway

Gold prices in India remain volatile as buyers head into the festive and wedding season. The latest average indicators place 24K gold around ₹1,49,180 per 10 grams and 22K gold around ₹1,36,750 per 10 grams, while MCX gold’s latest available closing reference is around ₹1,47,724 per 10 grams.

With Diwali and Dhanteras approaching, demand could become an important factor for India’s gold market. At the same time, international prices, geopolitical developments, crude oil, currency movements and interest-rate expectations remain key factors to watch.

Disclaimer: Gold prices are subject to market fluctuations and can vary by city, jeweller, purity and product. The rates mentioned above are indicative benchmark values and should not be treated as guaranteed buying or selling prices. Jewellery purchases may include GST, making charges and other applicable costs. Investors and buyers should verify the latest rates with authorised jewellers or market sources before making financial decisions.