India gold price at Rs 1,49,170 per 10 gm on October 1
Gold prices in India stood at Rs 1,49,170 per 10 gm on Thursday, Oct. 1. 22K gold stood at Rs 1,36,739 per 10 gm, while silver was at Rs 2,23,860 per kg, according to Bullion.co.in.
Read the source at NDTV ProfitThe numbers
| Delhi 24K gold on Oct. 1: | Rs 1,48,640 per 10gm |
|---|---|
| Chennai 24K gold on Oct. 1: | Rs 1,49,330 per 10gm |
Why it matters to operators and investors
Monitor jewellers’ sales volumes, pricing pass-through and inventory funding needs, as this single-day gold quote alone does not establish an earnings impact.
What to watch next
- Subsequent gold quotes holding above or falling below Rs 1,49,170 per 10 gm
- Tanishq announcements emphasizing lighter-weight collections
- Kalyan Jewellers announcements expanding exchange offers
- Retailer disclosures showing transaction growth diverging from gold-volume growth
- Broader making-charge discounts across major jewellery chains
The counter-case
A single gold-price quote is not a jewellery-retailer catalyst. If prices have risen materially, affordability pressure could reduce purchase volumes or shift demand toward lighter products; higher nominal sales would not necessarily mean stronger underlying demand or margins.