Gold prices in India held steady on Saturday, October 17, 2026, with rates remaining firm across major metro markets as the festive season gathered pace. With Diwali falling on October 20 this year and Dhanteras just days away, the yellow metal is entering its most important demand window of the year on a stable note.
As per indicative rates tracked on Saturday morning, 24-karat gold was quoted at Rs 14,743 per gram, or Rs 1,47,430 per 10 grams. 22-karat gold — the purity most commonly used for jewellery — was priced at Rs 13,514 per gram, translating to Rs 1,35,140 per 10 grams. 18-karat gold stood at Rs 11,057 per gram, or Rs 1,10,570 per 10 grams.
Readers should note that these are indicative base figures for the metal itself. They exclude the 3 per cent GST levied on gold, making charges, and any local levies — so the price at your neighbourhood jewellery shop will be higher than the numbers quoted here. The rate tables are best read as wholesale-style benchmarks rather than final retail prices.
One price tracker showed no change in its 22-karat table compared to Friday: 8 grams at Rs 1,08,120, 10 grams at Rs 1,35,150, and one tola at Rs 1,57,585. The lack of movement over the past 24 hours suggests global cues and the rupee’s movement stayed largely balanced overnight.
For perspective on how far the metal has run, 24-karat gold was at roughly Rs 1,33,866 per 10 grams at this time last year. The current level marks an increase of about 11.13 per cent year-on-year — a reminder of why Indian households continue to treat gold as both an adornment and a store of value through volatile times.
The steady pricing is coming alongside a visible build-up of festive demand on the ground. Titan’s Tanishq has launched its “Adhyantara” festive jewellery collection, and jewellers across the country are rolling out Dhanteras and Diwali offers — from discounts on making charges to buyback schemes — to pull footfalls into showrooms during the auspicious buying window. Jewellery retailers say advance bookings and customer enquiries have picked up in the last week, a typical pattern in the days preceding Dhanteras.
The broader backdrop remains supportive for bullion. Global uncertainties and persistent central-bank buying have kept international gold prices elevated through 2026, and Indian prices have tracked that trajectory closely. Domestic dealers also note that the current rate stability, after months of sharp swings, is giving fence-sitting buyers the confidence to finalise purchases before the festival.
That said, buyers would do well to separate the headline per-gram rate from what they will actually pay. Between GST, making charges that vary by design and jeweller, and any premiums on lightweight or antique-finish pieces, the final bill can exceed the quoted rate meaningfully. Comparing offers across jewellers, checking the BIS hallmark, and asking for a breakup of making charges versus metal cost remain the smartest ways to shop this Diwali.
With the wedding season following hot on the heels of Diwali, demand for gold is unlikely to cool any time soon. Whether prices stay pinned at these levels or resume their upward march will depend on global cues in the weeks ahead — but for today, India’s gold market is calm, steady, and getting ready for its biggest week of the year.
