Gold Price Today (6 October 2026): Rates Ease to ₹1.49 Lakh per 10g Ahead of Festive Season
Gold prices in India extended their decline on Monday, 6 October 2026. Gold futures on the Multi Commodity Exchange (MCX) slipped 0.12% and opened near ₹1.48 lakh per 10 grams, while retail 24-karat gold held around ₹14,900 per gram across major cities.
The pullback comes after a strong August rally and a correction through September, even as India heads into the peak festive buying months of October and November — traditionally the strongest period for physical gold demand.
Gold Rate Today: 6 October 2026
| Purity | Price per gram | Price per 10 grams |
|---|---|---|
| 24K (99.9%) | ₹14,902 | ₹1,49,020 |
| 22K (91.6%) | ₹13,660 | ₹1,36,600 |
| 18K (75%) | ₹11,177 | ₹1,11,770 |
Indicative retail rates for 6 October 2026 (via goodreturns.in, reported by Times Now). Actual jeweller prices vary slightly by city and exclude GST and making charges.
City-wise Gold Prices Today
| City | 24K (per gram) | 22K (per gram) |
|---|---|---|
| Gurgaon | ₹14,933 | ₹13,690 |
| Kozhikode | ₹14,917 | ₹13,674 |
| Raipur | ₹14,917 | ₹13,674 |
| Bhubaneswar | ₹14,917 | ₹13,674 |
Source: Times of India city gold-rate pages, 6 October 2026.
How Gold Has Moved in October So Far
| Date | 22K (per gram) | 24K (per gram) |
|---|---|---|
| 1 Oct 2026 | ₹13,680 | ₹14,924 |
| 2 Oct 2026 | ₹13,775 | ₹15,028 |
| 3 Oct 2026 | ₹13,675 | ₹14,918 |
| 4–5 Oct 2026 | Unchanged | Unchanged |
| 6 Oct 2026 | ₹13,674 | ₹14,917 |
For context, gold had a strong August — rising 7.85% from ₹1,42,876 to ₹1,54,090 per 10 grams on the India bullion reference rate — before correcting in September, when MCX gold fell around 3% and silver plunged over 5.4%. Internationally, spot gold was trading near $4,140 per troy ounce on 5 October, with US futures around $4,157 — off their peaks as a strong dollar and rising US Treasury yields kept the non-yielding metal under pressure.
Why Are Gold Prices Falling?
A strong US dollar and high bond yields. US Treasury yields are hovering near multi-decade highs, and the dollar remains firm amid expectations of further US Federal Reserve rate action. Higher yields raise the opportunity cost of holding gold, which pays no interest.
Profit-taking after the August rally. Gold's near-8% surge in August invited selling, and the metal has been consolidating those gains through September and early October.
Safe-haven demand is providing a floor. Elevated crude oil prices above $100 a barrel and the ongoing US-Iran conflict have kept geopolitical risk premium in gold, limiting the downside.
A weak rupee is supporting domestic prices. The rupee is languishing near record lows against the dollar, which makes imported gold costlier in rupee terms and has cushioned the international price fall for Indian buyers.
Rate expectations also matter for gold: the RBI's monetary policy decision is due on 7 October, with markets widely expecting a 25-basis-point repo rate hike. Read our RBI MPC October 2026 preview for what it means for loans, FDs and markets.
Festive Season Outlook: Should Buyers Wait?
October and November are traditionally India's peak months for physical gold buying, and analysts expect that seasonal demand to support prices. Dhruv Joglekar, Assistant Fund Manager at Monarch PMS, told PTI that gold is "well-positioned to stabilise and potentially catch a strong tailwind as clarity emerges on US inflation, backed by the traditional surge in physical demand during the peak festive months of October and November, along with central bank demand."
For buyers, the purpose of the purchase matters more than timing a small dip:
- Jewellery buyers should compare making charges and GST across jewellers — these add 10–20% over the metal price — and insist on BIS-hallmarked jewellery.
- Investors may prefer coins, bars or digital gold to avoid making charges eating into returns.
- Avoid stretching budgets for a marginal price dip; gold remains near record highs in rupee terms despite the recent easing.
Gold vs Stocks After September's Correction
Indian equities recorded their sharpest monthly fall in September 2026 since March — the Nifty 50 dropped 6.1% and the Sensex 5.8%. With both equities and gold correcting last month, analysts advise investors against deploying all fresh capital into one asset class. Experts quoted by TradingView recommend a staggered approach to equities and diversification across commodities and other assets while building a portfolio — a setup in which gold's traditional role as a diversifier comes into focus.
FAQs
What is the price of 24K gold today (6 October 2026)?
24-karat gold (99.9% purity) is around ₹14,902 per gram, or roughly ₹1,49,020 per 10 grams, before GST and making charges.
What is the 22K gold rate today?
22-karat gold is around ₹13,660 per gram (₹1,36,600 per 10 grams).
Why is the gold price falling today?
A strong US dollar, multi-decade-high US Treasury yields and profit-taking after August's rally are pressuring prices. Safe-haven demand from geopolitical tensions and a weak rupee are limiting the fall.
Will gold prices rise during the festive season?
Analysts expect the traditional October–November surge in physical demand, along with central-bank buying, to support prices — but short-term moves will still track the dollar, US yields and crude oil. There are no guarantees.
Does the gold rate differ across Indian cities?
Yes, marginally. On 6 October, 24K gold ranged from about ₹14,917 per gram in Kozhikode, Raipur and Bhubaneswar to ₹14,933 in Gurgaon. Making charges vary more than the metal rate, so compare the final bill.
Conclusion
Gold has cooled from its October 2 high to around ₹1.49 lakh per 10 grams as a strong dollar and high global yields weigh on the metal, partly offset by geopolitical safe-haven demand and a weak rupee. With the festive season — traditionally India's strongest demand window — now underway, buyers get slightly better entry levels than last week, but the metal remains near record highs in rupee terms. Compare all-in costs, buy hallmarked gold, and match the purchase to its purpose rather than chasing day-to-day price moves.