India retail rates: 24K gold at ₹149,590 per 10g on October 1
Indian Bullion Association reported 24-carat gold at ₹149,590/10 grams and 22-carat gold at ₹137,124/10 grams on October 1. Silver 999 Fine was ₹225,920/kg. Jewellers may add making charges, taxes and GST to final bills.
Read the source at Mint · MoneyThe numbers
| MCX Gold 5 November futures: | ₹148,288 per 10 grams |
|---|---|
| MCX Silver 4 December contracts: | ₹225,730 per kg |
Why it matters to operators and investors
Treat these bullion rates as pricing context rather than evidence of momentum or retailer margin changes, since no comparable prior rates or company-level data were supplied.
What to watch next
- Comparable Indian Bullion Association rates for a subsequent date
- Retailer announcements of making-charge promotions
- Published retail quotes separating metal value, making charges and taxes
- Jeweller disclosures showing changes in average purchase weight or product mix
The counter-case
This is a bullion-price snapshot, not an established retail-company catalyst. Without comparable prior rates, it shows no price move. Even if prices rose, higher jewellery ticket sizes could weaken unit demand, while nominal revenue gains would not necessarily improve margins.