Gold Price Today, October 6: Check 18K, 22K & 24K Gold Rates in Major Indian Cities

Gold price in India have continued their upward momentum today, Monday, October 6, amid festive demand and global market fluctuations. The price of gold has seen a steady rise across all purity levels — 18K, 22K, and 24K — as both domestic and international factors influence the precious metal’s value.

As of today, 24-carat gold is priced at ₹12,077 per gram, marking an increase of ₹137. Meanwhile, 22-carat gold stands at ₹11,070 per gram (up ₹125), and 18-carat gold is priced at ₹9,058 per gram, rising by ₹103.

This steady uptick in gold prices reflects a combination of strong festive season buying in India and geopolitical and economic uncertainty globally, particularly due to concerns over the US government’s fiscal policies and inflationary pressures.

🪙 Why Gold Prices Are Rising

Gold has always been a preferred investment option in India — not just for its cultural value but also as a hedge against inflation and currency fluctuations.

In the past few days, global gold prices have edged higher due to increasing investor interest in safe-haven assets. The possibility of a US government shutdown, fluctuating dollar index, and changes in crude oil prices have all contributed to heightened demand for gold.

In India, the ongoing festive season — which includes Navratri, Dussehra, and Diwali — has further boosted retail demand. Traditionally, these festivals are considered auspicious for buying gold jewellery, coins, and bars.

Additionally, the weakening of the Indian rupee against the US dollar has slightly pushed up domestic gold prices, as India imports a major share of its gold requirements.

💎 Understanding Gold Purity and Usage

Before making a gold purchase, it’s important to understand the difference between purity levels:

• 24K Gold (99.9% pure): The purest form of gold, typically used for investment or gold coins and bars. It is too soft for jewellery.

• 22K Gold (91.6% pure): Commonly used in jewellery, durable, and perfect for crafting intricate ornaments.

• 18K Gold (75% pure): Mixed with other metals like copper and silver, making it ideal for lightweight, modern jewellery designs.

When buying gold, always look for BIS Hallmark certification to ensure authenticity and purity.

📍 Gold Prices Today in Major Indian Cities (Per Gram)

Source: GoodReturns

📈 Factors Influencing Gold Prices

Several domestic and international factors impact the daily gold rates in India:

1. 🌍 Global Market Trends: Fluctuations in the global gold market affect domestic prices directly.

2. 💵 US Dollar Value: A stronger dollar usually leads to lower gold prices, and vice versa.

3. 📉 Inflation Rates: Gold acts as a hedge against inflation, attracting investors during high inflation periods.

4. 🪔 Seasonal Demand: Festivals and weddings drive up demand, particularly in India.

5. ⚖️ Government Policies: Import duties and GST also play a key role in determining retail gold prices.

💡 Key Takeaway

Gold prices are hovering near record highs as both global economic uncertainty and India’s festive demand push prices upward. For investors, gold remains a safe and stable asset, while for buyers, the current rates highlight the importance of comparing daily city-wise prices before making a purchase.

Whether you’re investing or shopping for the festive season, always buy hallmarked gold from trusted jewellers and keep an eye on daily updates to make the most of your investment.