Gold Prices Today: From Diwali Shopping To The Dollar, What Makes Gold Rates Rise And Fall?

Gold prices fluctuate ahead of Diwali as festive demand and currency movements influence rates. Check 22K and 24K gold prices across 20 Indian cities and understand key market factors.

Oct 18, 2026, 08:28 IST

Gold Prices Today: The gold prices in India continue the volatile trajectory even this week. The dip and rise in the price have given customers the exact gap window where gold looks affordable.

With falling prices, the demand has surged, and this is creating domestic pressure on the gold price.

As of October 18, 2026, 24K gold costs approximately ₹1,47,660 per 10 grams, while 22K gold stands at ₹1,35,350. From US Federal Reserve interest rate expectations to the rupee-dollar exchange rate, several factors influence daily prices.

With Dhanteras, Diwali and the wedding season approaching, buyers are keeping a close eye on gold rates before making a purchase.

Here are the latest indicative rates across 20 Indian cities and four key reasons behind gold price volatility.

Gold Price Today In 20 Cities Across The Nation

The following table lists the indicative retail gold prices per 10 grams across 20 major Indian cities as of October 18, 2026.

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City
22K Gold Rate (per 10g)
24K Gold Rate (per 10g)
Mumbai
₹1,35,350
₹1,47,660
Delhi
₹1,35,500
₹1,47,810
Bengaluru
₹1,35,350
₹1,47,660
Kolkata
₹1,35,350
₹1,47,660
Chennai
₹1,35,350
₹1,47,660
Hyderabad
₹1,35,350
₹1,47,660
Pune
₹1,35,350
₹1,47,660
Ahmedabad
₹1,35,400
₹1,47,710
Jaipur
₹1,35,500
₹1,47,810
Lucknow
₹1,35,500
₹1,47,810
Coimbatore
₹1,35,350
₹1,47,660
Madurai
₹1,35,350
₹1,47,660
Nagpur
₹1,35,350
₹1,47,660
Chandigarh
₹1,35,500
₹1,47,810
Nashik
₹1,35,380
₹1,47,690
Surat
₹1,35,400
₹1,47,710
Vadodara
₹1,35,400
₹1,47,710
Patna
₹1,35,400
₹1,47,710
Bhubaneswar
₹1,35,350
₹1,47,660
Visakhapatnam
₹1,35,350
₹1,47,660
Note: These are indicative rates provided for reference and have not been independently verified against live city-wise quotes. Actual prices may vary by jeweller and location. The listed rates exclude 3% GST, making charges and applicable wastage charges.

Key Reasons Behind the Gold Prices

Festive and Wedding Season Demand in India

Gold demand in India has now taken its turn and is rising during Dhanteras, Diwali and the wedding season. As households purchase jewellery, coins and bullion, it has affected all.

Increased buying can push local premiums higher when supplies tighten. However, festive demand alone does not guarantee rising prices, as international rates, import costs and consumers' purchasing power also influence domestic gold prices.

Rupee-Dollar Exchange Rate Fluctuations

Also, India imports much of its gold, making domestic prices sensitive to rupee-dollar movements.

Ever since international gold is priced in US dollars, a weaker rupee increases import costs. This can push Indian gold prices higher even when global prices remain unchanged, while a stronger rupee may help moderate domestic rates.

Also Read: Gold Price Today: Will Gold Prices Crash Before Diwali? From Falling Prices To Demand Shifts, 5 Reasons That Impact the Metal

Aishwarya Samant

Senior Executive - Editorial

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