Gold prices across India registered a marginal reduction on Monday, (October 12 2026) offering potential retail buyers and household investors a stable market environment across key purity categories. Standard 24-karat gold settled at ₹15,141 per gramme, down by a single rupee from the previous trade. Meanwhile, 22-karat gold stood at ₹13,879 per gramme and 18-karat purity reached ₹11,356 per gramme.

National retail rates across purities

For buyers purchasing larger quantities, ten grammes of 24-karat fine gold cost ₹1,51,410. The equivalent weight in 22-karat ornamental gold stood at ₹1,38,790, whilst 18-karat gold settled at ₹1,13,560.

Smaller purchases reflected this same marginal movement. Eight grammes of 24-karat gold was priced at ₹1,21,128, 22-karat at ₹1,11,032, and 18-karat at ₹90,848. Bulk investors buying 100 grammes saw 24-karat gold valued at ₹15,14,100, 22-karat at ₹13,87,900, and 18-karat at ₹11,35,600. Across all these weight brackets, prices fell by a uniform margin of one rupee per gramme compared to the prior trade.

City-wise rates show subtle variations

Retail gold prices remained uniform across most major Indian urban hubs, though minor regional differences were visible. In Mumbai, Kolkata, Bengaluru, Hyderabad, Pune, and throughout Kerala, rates mirrored the national average at ₹15,141 per gramme for 24-karat, ₹13,879 for 22-karat, and ₹11,356 for 18-karat gold.

However, buyers in New Delhi paid slightly higher prices. In the capital city, 24-karat gold was quoted at ₹15,156 per gramme, 22-karat at ₹13,894, and 18-karat at ₹11,371. Chennai recorded a distinct figure for 18-karat gold at ₹11,399 per gramme, whilst its 24-karat and 22-karat rates matched Mumbai at ₹15,141 and ₹13,879 respectively. In Gujarat, commercial centres Ahmedabad and Vadodara listed 24-karat gold at ₹15,146 per gramme, 22-karat at ₹13,884, and 18-karat at ₹11,361.

Futures market trades lower on MCX

On the domestic derivatives market, gold futures on the Multi Commodity Exchange (MCX) experienced a mild decline. December 4 delivery gold contracts fell 0.46 per cent to ₹1,50,800 per 10 grammes during morning trade. Silver futures held firm at ₹2,25,509 per kilogramme. This follows Friday’s close on October 9, where domestic spot gold finished at ₹1,48,909 per 10 grammes and spot silver at ₹2,21,191 per kilogramme.

International markets showed a contrasting upward momentum as global spot gold surged past $4,200 per ounce. US gold futures rose 0.42 per cent to reach $4,234 per ounce. Lower energy costs and strong investment demand provided momentum, though elevated US Treasury yields and expectations of further Federal Reserve rate tightening capped gains. Investors are now watching upcoming US inflation figures, which will influence future interest rate decisions.