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Gold and Silver Prices Surge Again: What Will a 22-Carat Gold Ring Cost?
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News18•01-10-2026, 10:26
Gold and Silver Prices Surge Again: What Will a 22-Carat Gold Ring Cost?
- •Gold and silver prices have started to rise again from October 1, after a downward trend for several days.
- •On Thursday, October 1, the price of gold increased by 833 rupees.
- •Today at 9 AM, 10 grams of gold was trading at ₹1,46,950 on MCX.
- •Silver prices on MCX increased by ₹1,837, trading at ₹2,25,543.
- •A 22-carat 5-gram gold ring will cost approximately ₹75,000 to ₹85,000, including making charges and GST.
Key Questions Answered
Gold and silver prices rose because US inflation data was better than expected, which temporarily lowered the likelihood of the Federal Reserve raising interest rates, although this was somewhat offset by rising fuel and crude oil prices due to stalled US-Iran ceasefire discussions.
On October 1, 2026, the base price for 5 grams of gold is approximately ₹68,250, and after adding making charges and GST, the total cost of a 22-carat gold ring will be around ₹75,000 to ₹85,000.
On Thursday, October 1, 2026, the price of 10 grams of gold on MCX increased by ₹833 to trade at ₹1,46,950, while silver prices increased by ₹1,837 to trade at ₹2,25,543.
