Gold Price Today: Rates Ease Further as 24K Trades Near ₹1,50,300

Precious metal rates across domestic retail markets and derivatives platforms continue to soften, reflecting a broader corrective phase driven by shifting global macroeconomic variables. Commodity analysts note that the persistent upward trajectory of sovereign bond yields, elevated global central bank policy rates, and the resilience of the US dollar index have combined to diminish gold’s traditional appeal as a non-yielding safe-haven asset. Because major spot markets remain paused on Saturday with no active session on the Multi Commodity Exchange (MCX) and no fresh bullion benchmark updates from the India Bullion and Jewellers Association (IBJA), spot retail pricing across Indian jewelry hubs is primarily anchored to the closing metrics of the preceding trading session.

Tracking MCX Futures and Spot Bullion Benchmarks

On the domestic derivatives front, the headline gold futures contract maturing on December 4, 2026, on the Multi Commodity Exchange slipped by ₹140 to settle near ₹150,390 per 10 grams. In physical bullion trade, pure 24-carat bullion was quoted around ₹150,550 per 10 grams, while the official IBJA closing spot rate stood at ₹148,138 per 10 grams as of the evening of October 1. Market participants anticipate that upcoming central bank policy deliberations and global inflation readings will continue to dictate short-term price discovery across both paper contracts and physical jewelry showrooms.

Comprehensive City-Wise 24-Carat and 18-Carat Gold Rates (Per 10 Grams)

Retail quotations for pure investment-grade 24-carat gold and popular jewelry-grade 18-carat gold vary slightly across metropolitan and tier-2 centers due to state-level levies, local transportation overheads, and regional merchant premiums:

Consumer Buying Guide: Factoring In Making Charges, BIS Hallmark, and GST

Prospective jewelry shoppers and bullion accumulators should note that base spot quotations exclude the mandatory 3% Goods and Services Tax (GST) as well as retail craftsmanship or making charges, which typically range between 5% and 25% depending on ornamental complexity. Industry regulators advise buyers to verify mandatory Bureau of Indian Standards (BIS) hallmark stamps—specifically the 6-digit Hallmark Unique Identification (HUID) code—to confirm authenticated fineness before executing retail purchases across physical jewelry outlets.