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Gold Rate Drop: Major Relief As Prices Fall By Rs 1860 In Three Days Before Dasara
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News18•15-10-2026, 08:09
Gold Rate Drop: Major Relief As Prices Fall By Rs 1860 In Three Days Before Dasara
- •Gold prices have continuously dropped over three days from October 12 to October 14, 2026, bringing joy to buyers.
- •The price of 10 grams of 24-carat gold decreased by 1,860 rupees, 22-carat by 1,500 rupees, and 18-carat by 1,300 rupees.
- •The strengthening of the rupee is identified as a major reason for the decline in domestic gold prices.
- •This timely price drop offers a great purchasing opportunity ahead of the festive and wedding season.
Key Questions Answered
Between October 12 and October 14, 2026, the price of 10 grams of 24-carat gold decreased by 1,860 rupees. Additionally, the price of 22-carat gold dropped by 1,500 rupees and 18-carat gold dropped by 1,300 rupees.
A major reason for the decline in domestic gold prices is the strengthening of the Indian rupee, which is putting downward pressure on domestic gold rates. Analysts also note that market anticipation surrounding upcoming US Consumer Price Index (CPI) data and US interest rates plays a short-term role.
Base market prices of gold do not include extra charges. When purchasing jewelry, buyers must pay an additional 3% GST, making charges, and other associated fees, so it is crucial to confirm the final store price.
