Precious metal prices in India continued their upward trajectory on Saturday, October 10, 2026, driven by elevated international spot rates, heightened geopolitical volatility across West Asian supply routes, and rising domestic pre-festive demand. In major bullion hubs, 24-carat gold climbed to approximately ₹15,142 per gram (₹1,51,420 per 10 grams), while 22-carat gold stood around ₹13,880 per gram (₹1,38,800 per 10 grams). With major festivals like Navratri, Dhanteras, and Diwali approaching, this sharp upswing represents a noticeable cost increase for retail buyers, wedding planners, and festive shoppers looking to purchase jewellery and bullion.

Key Drivers Behind the Yellow Metal’s Fresh Rally

The surge in domestic gold rates is supported by a mix of macroeconomic factors and regional tensions in energy and shipping corridors:

• Middle East Shipping Disruption: Renewed security concerns around maritime passages near the Strait of Hormuz and the Arabian Gulf have reignited safe-haven demand among institutional investors.

• Global Monetary Cues: Sustained focus on US inflation readings and interest rate signals from the Federal Reserve continues to steer global bullion momentum, keeping spot gold hovering near record multi-year peaks.

• Pre-Festive Domestic Demand: The onset of the festive quarter traditionally spikes wholesale and retail purchases across Northern, Western, and Southern markets, reinforcing spot market premiums.

City-Wise Gold Rates on October 10, 2026 (Per Gram)

(Note: Rates listed represent baseline bullion prices excluding local Goods and Services Tax (GST), TCS, and individual jeweller making charges.)

Tips for Jewellery Buyers During the Price Surge

With spot prices climbing, retail customers should take steps to ensure they receive certified purity and avoid unnecessary premiums:

• Verify BIS Hallmark: Ensure every jewellery purchase carries the mandatory Bureau of Indian Standards (BIS) six-digit alphanumeric HUID (Hallmark Unique Identification) code confirming the exact purity tier (916 for 22K, 750 for 18K).

• Track Making Charges: Jewellers apply varying making charges ranging from 8% to over 25% depending on design complexity; negotiating or seeking flat promotional making charges helps offset high bullion rates.

• Consider Digital Gold or Sovereign Bonds: For pure investment rather than wearable jewellery, digital gold accumulation plans or secondary-market Sovereign Gold Bonds (SGBs) eliminate making charge deductions and storage risks.