Gold Price Today, October 15, 2026: Gold prices in India continue to attract attention as the precious metal experiences a downward trend during the festive season. Buyers planning to purchase jewellery for Navratri, Diwali or upcoming weddings are closely monitoring the latest rates, hoping to benefit from the recent correction.

According to the price update for Thursday, October 15, the reported rate of 24-carat gold in Delhi stands at ₹1,48,400 per 10 grams, while 22-carat gold is priced at ₹1,36,040 per 10 grams.

The latest figures follow a decline of ₹1,800 in the price of 99.9% pure gold in Delhi's bullion market during the previous trading session. Meanwhile, silver prices have also weakened, reflecting broader pressure on precious metals.

Both domestic developments and international market conditions are influencing gold prices, with movements in the Indian rupee playing an important role.

Gold Price Today: How Much Does 22K and 24K Gold Cost in Delhi?

Gold buyers in the national capital are seeing lower reported prices following the recent market correction.

As of the morning of October 15, 2026, the quoted price of 24-carat gold in Delhi is ₹1,48,400 per 10 grams.

Meanwhile, 22-carat gold, commonly used for making jewellery, is listed at ₹1,36,040 per 10 grams.

According to the supplied market report, 99.9% pure gold became ₹1,800 cheaper in Delhi's bullion market during the previous trading session.

However, bullion market quotations and retail jewellery prices may differ because of purity, taxes, making charges and dealer margins.

Consumers planning to buy jewellery should therefore confirm the final price with their jeweller before completing a purchase.

Gold Rate October 15, 2026: City-Wise 22K and 24K Gold Prices

Here are the reported gold prices across 10 major Indian cities for October 15, 2026.

Note: These are the quoted prices provided for October 15, 2026. They have not been independently verified against live bullion market data. Jewellery prices may include additional taxes and making charges.

The figures indicate that Delhi, Jaipur, Lucknow and Chandigarh have identical quoted rates for both 22-carat and 24-carat gold.

Mumbai, Chennai, Kolkata and Hyderabad also share the same reference prices in the supplied list.

Gold Price Per Gram: Latest Rates for Different Quantities

Many consumers prefer purchasing smaller quantities of gold rather than investing in a full 10-gram unit.

Based on the reported Delhi rates, the approximate metal value for different quantities is as follows.

These values are calculated using the quoted Delhi prices and do not include any additional jewellery-making expenses.

Why Are Gold Prices Falling in India?

Several factors can influence the movement of gold prices in the domestic market.

One important factor mentioned in the supplied report is the strengthening of the Indian rupee against the US dollar.

India imports a significant portion of its gold requirements, and international gold transactions are generally priced in dollars.

When the rupee strengthens, the rupee-denominated cost of imported gold can decrease, assuming international prices and other factors remain unchanged.

This can create downward pressure on domestic gold prices.

The report also refers to measures reportedly taken by the Reserve Bank of India to support the domestic currency.

However, the precise contribution of those measures to the latest gold price decline has not been independently established.

International Gold Price: Spot Gold Quoted at $4,083.94 Per Ounce

Global precious metal prices also influence the Indian bullion market.

According to the supplied report, international spot gold was quoted at approximately $4,083.94 per troy ounce.

International gold prices respond to a wide range of developments, including inflation expectations, interest rates, geopolitical uncertainty and changes in global investment demand.

When the US dollar strengthens, gold can become more expensive for buyers using other currencies, potentially affecting demand.

Similarly, expectations about future US Federal Reserve interest rate decisions can influence investor interest in gold.

However, domestic gold prices do not always move in exactly the same direction or proportion as international quotations because exchange rates, import costs and local market conditions also matter.

Gold Prices During Navratri: Is This a Good Time to Buy Jewellery?

The festive season is traditionally an important period for jewellery purchases in India.

Many households consider buying gold during religious festivals, weddings and other family celebrations.

A correction in gold prices may encourage consumers who have been waiting for more affordable rates.

However, buyers should remember that gold prices can fluctuate significantly, and a recent decline does not guarantee further reductions.

Those purchasing jewellery for personal use may prefer to compare prices across multiple reputable sellers rather than attempting to predict the lowest possible market level.

For investment purposes, factors such as financial goals, liquidity requirements and risk tolerance should also be considered.

Silver Price Today: White Metal Also Becomes Cheaper

Alongside gold, silver has also experienced a notable decline.

According to the October 15 report, the quoted retail price of silver stands at approximately ₹2,34,900 per kilogram.

The previous trading session reportedly witnessed a ₹5,000 per kilogram fall in Delhi's bullion market.

International spot silver was quoted at approximately $55.53 per ounce in the supplied update.

Silver prices can be influenced by the same macroeconomic factors affecting gold, including currency movements and interest rate expectations.

However, silver also has significant industrial applications, making it sensitive to developments in manufacturing, electronics and renewable energy.

What Is the Difference Between 22-Carat and 24-Carat Gold?

Consumers buying gold jewellery should understand the difference between the two commonly quoted purity levels.

24-carat gold is approximately 99.9% pure and is generally preferred for investment-oriented products such as certain coins and bars.

22-carat gold contains approximately 91.6% gold, with the remaining portion consisting of other metals that improve durability.

Because pure gold is relatively soft, 22-carat gold is commonly used for traditional jewellery.

Buyers should always check the purity and applicable hallmarking details before purchasing gold ornaments.

Important Things to Check Before Buying Gold

A lower market quotation does not necessarily mean that the final jewellery bill will be equally low.

Making charges can vary considerably depending on the design, complexity and jeweller.

Applicable GST and other charges may also increase the final amount payable.

Consumers should request an itemised invoice showing the gold weight, purity, metal value, making charges and taxes.

Checking the BIS hallmark and the Hallmark Unique Identification number, where applicable, can also help buyers verify the authenticity of hallmarked jewellery.

For investment purchases, consumers should understand resale conditions and any difference between buying and selling prices.

Will Gold Prices Decline Further?

The future direction of gold prices remains uncertain.

Investors will continue monitoring international gold prices, movements in the US dollar, the rupee exchange rate and monetary policy developments.

Domestic festive demand could also influence retail market activity.

Although the recent correction may attract buyers, there is no guarantee that gold prices will continue falling over the coming days.

Consumers should rely on current market quotations rather than unverified predictions about future prices.

Gold Price Today, October 15: Key Takeaways for Buyers

Gold prices have reportedly declined in India, with Delhi's 24-carat gold rate quoted at ₹1,48,400 per 10 grams and 22-carat gold at ₹1,36,040.

Mumbai, Kolkata, Chennai and Hyderabad have slightly lower reported prices of ₹1,48,250 for 24-carat gold and ₹1,35,890 for 22-carat gold.

Meanwhile, silver is quoted at approximately ₹2,34,900 per kilogram in the supplied retail update.

If you are planning to purchase gold during the festive season, compare local jeweller quotations, verify purity and check the complete bill before making a decision.

Disclaimer: This article is intended for general information and does not constitute financial or investment advice. The October 15, 2026 prices are based on the supplied report and have not been independently verified against live market quotations. Consult a qualified financial adviser before making investment decisions.