India’s 22-carat gold price falls ₹21 to ₹13,769 per gram on October 1

Gold prices in India fell by ₹21 to ₹13,769 for 1 gram of 22-carat gold on October 1. Delhi, Mumbai and Pune recorded declines, while Kolkata, Chennai, Bengaluru, Hyderabad and Ahmedabad were unchanged.

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The numbers

Delhi 22-carat gold, 1 gram: ₹13,780
Mumbai 22-carat gold, 1 gram: ₹13,730
Kolkata 22-carat gold, 1 gram: ₹13,860
Pune 22-carat gold, 1 gram: ₹13,730

Why it matters to operators and investors

Keep jewellery pricing and customer messaging city-specific, reflecting declines in Delhi, Mumbai and Pune without implying reductions in markets where rates were unchanged.

What to watch next

  • Further gold-rate declines in Delhi, Mumbai and Pune
  • Price declines spreading to the cities with unchanged rates
  • Jewellers announcing changes to making charges or discounts
  • Retailers reporting stronger purchase conversions rather than inquiries alone