Gold Rate Today in India: 29 October 2026 – 22K, 24K and 18K Gold Prices

Last updated: 29 October 2026 | Category: Gold Price & Business News

Gold prices in India remain an important topic for jewellery buyers, families planning weddings, and readers following the bullion market. On Thursday, 29 October 2026, gold prices vary slightly across cities and price-reporting sources. The rate also depends on gold purity, local demand, taxes, and jewellers’ pricing policies.

According to ET Markets, the indicative national rates were approximately ₹1,44,770 per 10 grams for 24-carat gold and ₹1,34,310 per 10 grams for 22-carat gold. Other market trackers reported somewhat different figures, highlighting why buyers should confirm the final local rate before purchasing.

Gold Rate Today in India: Latest Price Table

The following rates are indicative reference prices reported for 29 October 2026. Actual retail prices may differ by city and jeweller.

Source: ET Markets for 24K and 22K reference rates. Prices exclude applicable taxes and jewellery-making charges.

What Is the Gold Rate Today in Different Indian Cities?

Gold prices can vary between jewellery markets because of transportation costs, local taxes and duties where applicable, demand, and jeweller pricing.

Here is a city-wise reference for 24-carat gold on 29 October 2026, based on reported market data:

These figures are indicative rates published by The Financial Express on 29 October 2026. Check the latest local quotation before making a purchase.

Difference Between 24K, 22K and 18K Gold

Understanding gold purity is essential before purchasing jewellery or other gold products.

24-carat gold: This is the highest commonly quoted commercial purity, generally associated with 99.9% pure gold. It is widely used for bullion and investment products. Because it is relatively soft, it is less suitable for many everyday jewellery designs.

22-carat gold: This contains approximately 91.67% gold, with other metals making up the balance. It is commonly used for traditional Indian jewellery, including necklaces, bangles, rings and earrings.

18-carat gold: This contains 75% gold and 25% other metals. It is often used for durable jewellery designs, including pieces featuring gemstones.

The correct choice depends on the product, intended use, budget and purity requirements. A higher purity does not automatically make every item the best choice for every buyer.

Why Do Gold Prices Change Every Day?

Gold prices are influenced by several domestic and international factors.

1. International gold prices

Gold is traded in global markets, and changes in international bullion prices can affect domestic rates. Global economic uncertainty and shifts in investor demand may influence these movements.

2. Indian rupee and US dollar

International gold is generally priced in US dollars. When the rupee weakens against the dollar, importing gold can become more expensive in India, all else being equal. A stronger rupee may have the opposite effect.

3. Inflation and interest rates

Gold is often viewed as a store of value during periods of inflation or economic uncertainty. Expectations about interest rates can also influence demand because gold does not pay interest or dividends.

4. Wedding and festive demand

India has a substantial market for gold jewellery. Wedding seasons and festivals can increase consumer demand, although the effect on prices also depends on international markets and supply conditions.

5. Import costs and local market conditions

Import-related costs, transportation, dealer margins and local demand can contribute to differences between quoted gold prices across cities and retailers.

Is Gold Cheaper Today Than Yesterday?

Daily comparisons depend on the source and the purity being compared. ET Markets reported 24-carat gold at ₹1,44,770 per 10 grams on 29 October, compared with ₹1,44,664 on 28 October. Its reported 22-carat price was ₹1,34,310 today, compared with ₹1,34,286 the previous day.

These figures indicate a small increase in that particular price series. Other providers may show different movements because of their calculation methods, reporting times and market coverage.

For a reliable comparison, use the same source, city, purity and unit on both days. Avoid assuming that a price change reported by one provider applies identically to every jewellery shop in India.

How Much Does 10 Grams of Gold Jewellery Cost?

The final bill for gold jewellery is usually higher than the basic gold value because buyers may also pay making charges and applicable taxes.

For example, if the quoted 22-carat gold rate is ₹1,34,310 per 10 grams, that is the indicative value of the gold before additional charges. The final amount depends on the jewellery design, the jeweller’s making-charge policy, applicable GST and any additional product costs.

Before buying, ask the jeweller for an itemised bill showing:

• Gold purity and net gold weight.

• Rate per gram on the purchase date.

• Making charges and any applicable wastage charges.

• Applicable GST and other charges, if any.

• Hallmarking and HUID details, where applicable.

This helps you compare prices fairly between jewellery shops.

Important Tips Before Buying Gold in India

Gold purchases can involve significant expenses, so checking the details is important.

Check the latest local rate: Do not rely only on an old online article. Ask the jeweller for the current rate for the required purity.

Verify purity and hallmarking: Look for the relevant Bureau of Indian Standards (BIS) hallmark and verify the HUID where applicable.

Compare the final bill: A shop advertising a lower gold rate may charge different making fees. Compare the total payable amount for similar items.

Keep the invoice: The purchase bill records the purity, weight, price and other transaction details. Keep it safely for future reference.

Understand resale conditions: Buyback deductions and exchange policies differ among jewellers. Ask about these conditions before purchasing.

Gold Price Outlook: What Could Happen Next?

Gold prices can move in either direction. Changes in global economic conditions, interest-rate expectations, currency movements, geopolitical uncertainty and physical demand may influence the market.

Although some people consider gold a way to diversify their savings, its price is not guaranteed to rise. Short-term price movements can be unpredictable, and buying at a high price does not guarantee a profit later.

Anyone following the gold market should compare multiple reliable sources and consider their own financial circumstances before making significant financial decisions.

Conclusion

Gold rate today in India on 29 October 2026 varies according to purity, location and the reporting source. ET Markets lists indicative prices of ₹1,44,770 per 10 grams for 24-carat gold and ₹1,34,310 per 10 grams for 22-carat gold.

Buyers should check the latest local quotation, confirm purity and hallmarking, and calculate making charges and taxes before purchasing jewellery. Checking the complete bill is more useful than comparing the gold rate alone.

For daily gold price updates, follow reliable market sources and verify the date and time of every price report.