Gold prices moved lower in India at the beginning of the week, offering some relief to buyers after recent volatility in the precious metals market. On Monday, October 5, 2026, both 22-carat and 24-carat gold rates were lower across several major Indian cities.

In Delhi, 24-carat gold is priced at ₹1,49,320 per 10 grams, while 22-carat gold stands at ₹1,36,890 per 10 grams. Mumbai is witnessing slightly lower rates, with 24-carat gold at ₹1,49,170 and 22-carat gold at ₹1,36,740 per 10 grams.

Gold had also witnessed a notable correction during the previous week. According to the figures cited, 24-carat gold became cheaper by as much as ₹3,500 per 10 grams in some cities, while 22-carat gold recorded a decline of up to ₹3,200.

Meanwhile, movements in international bullion markets continue to remain important for domestic gold prices. Spot gold in the global market is quoted at $4,153.32 per ounce.

Gold Prices on October 5 Across Major Indian Cities

Gold rates differ slightly between cities because of factors such as local market conditions, transportation expenses and other charges. Here are the gold prices reported for October 5:

Delhi, Jaipur, Lucknow and Chandigarh have identical quoted rates, with 22-carat gold at ₹1,36,890 and 24-carat gold at ₹1,49,320 per 10 grams.

Mumbai, Chennai, Kolkata and Hyderabad are also showing similar prices. In these cities, 22-carat gold is quoted at ₹1,36,740 per 10 grams, while 24-carat gold stands at ₹1,49,170.

Ahmedabad and Bhopal have 22-carat gold at ₹1,36,790 and 24-carat gold at ₹1,49,220 per 10 grams.

Gold Became Cheaper During the Previous Week

The October 5 decline comes after gold prices weakened during the previous week as well.

Depending on the city, the price of 24-carat gold fell by as much as ₹3,500 per 10 grams during the week, while 22-carat gold became cheaper by up to ₹3,200.

However, bullion prices can change rapidly, particularly when global markets experience sharp movements. Consumers planning to buy jewellery should also remember that quoted gold rates generally do not represent the final amount payable at a jewellery store.

Making charges, applicable taxes and other costs can increase the final purchase price.

Silver Price Also Moves Lower

Gold is not the only precious metal trading lower. Silver prices have also recorded a decline.

On the morning of October 5, silver is quoted at approximately ₹2,34,900 per kilogram in the domestic market, according to the figures provided.

The report says silver became cheaper by around ₹10,000 per kilogram over the previous week.

In international markets, spot silver is quoted at around $60.97 per ounce.

Silver prices have experienced considerable volatility this year, making global precious-metal trends important for both investors and consumers to watch.

What Influences Gold and Silver Prices in India?

Domestic bullion prices are affected by a combination of global and local factors.

International gold and silver prices are particularly important because India depends significantly on imports to meet demand for precious metals. Movements in the rupee against the US dollar can therefore influence domestic prices.

When the rupee weakens against the dollar, importing gold can become more expensive, although the final domestic price also depends on several other factors.

Global interest-rate expectations, geopolitical uncertainty, investment demand, central-bank activity and movements in the US dollar can also influence international gold prices.

Within India, festive and wedding-season demand can affect buying activity, while taxes, duties and local market conditions contribute to the final retail price.

RBI Monetary Policy Meeting Also in Focus

Domestic financial markets will also be watching the Reserve Bank of India's October Monetary Policy Committee meeting.

According to the information provided, the meeting begins on October 5, with the policy decision scheduled to be announced on October 7.

At its August meeting, the RBI had kept the repo rate unchanged at 5.25%.

Interest-rate expectations can be relevant to precious metals because changes in rates, bond yields and currency markets can influence investor demand for non-interest-bearing assets such as gold. However, gold prices depend on multiple domestic and global factors, so the outcome of one monetary policy meeting alone does not determine their direction.

What Gold Buyers Should Check Before Purchasing

People planning to purchase gold should check the latest local rate rather than relying solely on a national benchmark.

The purity of the metal is equally important. While 24-carat gold represents a higher level of purity, 22-carat gold is commonly used for jewellery because it is mixed with other metals to improve durability.

Buyers should also check hallmarking, applicable taxes and making charges before completing a jewellery purchase.

Gold and Silver Rates in Focus on October 5

The precious metals market has started the week on a softer note, with both gold and silver prices showing declines based on the rates cited for October 5.

In Delhi, 24-carat gold is at ₹1,49,320 per 10 grams, while Mumbai, Kolkata and Chennai are quoting ₹1,49,170. Silver, meanwhile, stands at around ₹2,34,900 per kilogram.

With global gold at approximately $4,153.32 an ounce and spot silver at $60.97 an ounce, international bullion trends will remain important for domestic prices.

Consumers should keep in mind that bullion rates can change during the trading day and may vary by city, dealer and purchase type. Checking the latest price with a jeweller or authorised market source before buying can therefore help avoid confusion.

Disclaimer: Gold and silver prices mentioned above are based on the rates provided for October 5, 2026, and may change during the day. This article is for informational purposes only and should not be considered investment advice.