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Gold and Silver Prices Surge This Week; Check Latest Rates Before Buying Jewelry
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News18•10-10-2026, 10:19
Gold and Silver Prices Surge This Week; Check Latest Rates Before Buying Jewelry
- •The price of 24-carat gold increased by 1,292 rupees per 10 grams this week, reaching 1,49,430 rupees in the domestic market.
- •The price of 22-carat gold, widely used for making traditional jewelry, rose by 1,180 rupees to stand at 1,36,878 rupees per 10 grams.
- •Silver prices also witnessed an upward trend, with rates climbing to 2,21,109 rupees per kilogram.
- •Market experts attribute these price fluctuations to international market volatility and strong festive demand within the country.
Key Questions Answered
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold reached ₹1,49,430 per 10 grams, 22-carat gold rose to ₹1,36,878 per 10 grams, and 18-carat gold increased to ₹1,12,073 per 10 grams.
Retail jewelers use the benchmark rates released every morning and evening by the India Bullion and Jewellers Association (IBJA) as a base, adding making charges and applicable taxes to calculate the final showroom price.
Experts note that US bond yields hovering near 5 percent, crude oil prices staying above $100 per barrel, and the strength of the dollar are exerting pressure and preventing precious metals from rising excessively.
