{"id":2377,"date":"2026-10-02T08:34:20","date_gmt":"2026-10-02T08:34:20","guid":{"rendered":"https:\/\/newsraise.com\/in\/2026\/10\/02\/gold-jewellery-prices-dip-india-2026\/"},"modified":"2026-10-02T08:34:20","modified_gmt":"2026-10-02T08:34:20","slug":"gold-jewellery-prices-dip-india-2026","status":"publish","type":"post","link":"https:\/\/newsraise.com\/in\/2026\/10\/02\/gold-jewellery-prices-dip-india-2026\/","title":{"rendered":"Gold jewellery prices dip across India as market outlook stays weak"},"content":{"rendered":"\n<!-- Quick Adsense WordPress Plugin: http:\/\/quickadsense.com\/ -->\n<div class=\"9fece8afa224fd09e54b043d0febfb58\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- NR ATF -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-8898941184964366\"\r\n     data-ad-slot=\"4839033563\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<p>Gold and silver markets continued to slide on October\u202f1, 2026, as traders awaited the United States jobs report and broader geopolitical uncertainty. In India, the price of 22\u2011karat gold jewellery fell modestly across the country\u2019s major retail chains, marking the latest step in a monthly decline of roughly 8.5\u202f% for gold, according to industry commentary.<\/p>\n<h2>Current retail gold prices across major Indian cities<\/h2>\n<p>All major jewellery retailers reported the same headline price for 22\u2011karat gold on the morning of October\u202f1. Tanishq listed the metal at Rs\u202f13,725 per gram in Delhi, Mumbai, Chennai, Kolkata, Trivandrum and Bengaluru. This represents a Rs\u202f30 drop from the Rs\u202f13,755 per gram price recorded on September\u202f30.<\/p>\n<p>Three other leading chains \u2013 Malabar Gold &amp; Diamonds, Kalyan Jewellers and Joyalukkas \u2013 quoted a uniform price of Rs\u202f13,680 per gram in each of the six cities. Their September\u202f30 rates were Rs\u202f13,710 per gram, indicating a Rs\u202f30 reduction as well.<\/p>\n<p>The consistency of pricing across brands and locations suggests that retailers are closely tracking the same market signals, likely driven by fluctuations in the global spot price of gold and the strength of the U.S. dollar.<\/p>\n<h2>Indicative rates from the Indian Bullion and Jewellers Association<\/h2>\n<p>The Indian Bullion and Jewellers Association (IBJA) published its indicative retail selling rates for both gold and silver on the same day. For fine gold of 999 purity, the association listed an AM rate of Rs\u202f14,869 per gram, up from Rs\u202f14,789 per gram on the September\u202f30\u202fPM rate. The 22\u2011karat benchmark was set at Rs\u202f14,512 per gram, a modest increase from Rs\u202f14,434 the previous day.<\/p>\n<p>Lower\u2011karat gold also saw slight upticks: 20\u2011karat gold was quoted at Rs\u202f13,233 per gram (versus Rs\u202f13,162), 18\u2011karat at Rs\u202f12,044 (versus Rs\u202f11,979) and 14\u2011karat at Rs\u202f9,590 (versus Rs\u202f9,539). Silver of 999 purity was priced at Rs\u202f221,954 per kilogram, compared with Rs\u202f220,435 on September\u202f30.<\/p>\n<p>These IBJA figures, while higher than the retail prices quoted by individual stores, serve as a benchmark for the broader market and indicate that the underlying metal prices have edged upward despite the retail price dip.<\/p>\n<h2>Market outlook and factors influencing prices<\/h2>\n<p>Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Ltd. and President of the IBJA, described the current environment as \u201cvery much alive\u201d with inflation concerns. He noted that gold and silver have each posted monthly losses\u20148.5\u202f% for gold and 13.5\u202f% for silver\u2014as traders await the U.S. employment data.<\/p>\n<p>Kothari highlighted that the U.S. dollar reached a three\u2011month high, buoyed by rising Treasury yields. At the same time, renewed uncertainty over cease\u2011fire negotiations in Iran has kept inflation expectations elevated. August Personal Consumption Expenditures (PCE) inflation came in at 3.4\u202f%, below forecasts, reducing the probability of an October Federal Reserve rate hike to 38\u202f%, while a December hike is now priced at 87\u202f%.<\/p>\n<p>From a technical perspective, Kothari said gold has broken a key support level at $4,250 and is now eyeing the $4,100 and $4,000 thresholds. Silver, meanwhile, has broken its head\u2011and\u2011shoulders neckline at $62.50, with the next targets identified at $60 and $57.<\/p>\n<p>These macro\u2011economic dynamics\u2014stronger dollar, mixed inflation data, and geopolitical tension\u2014are feeding into the modest price adjustments seen in Indian jewellery stores. While the IBJA\u2019s indicative rates have risen slightly, the retail price reductions reflect a cautious approach by retailers, likely aimed at maintaining sales volumes amid uncertain consumer sentiment.<\/p>\n<p>Analysts will be watching the upcoming U.S. jobs report closely. A stronger-than\u2011expected employment figure could reinforce expectations of a Federal Reserve rate hike, further strengthening the dollar and putting additional downward pressure on gold prices. Conversely, weaker data could revive hopes for a pause in rate hikes, potentially stabilising or even lifting gold prices in the near term.<\/p>\n<p>For Indian consumers, the current price levels mean that buying 22\u2011karat gold jewellery now is marginally cheaper than a week earlier, but the overall market remains volatile. Retailers such as Tanishq, Malabar Gold &amp; Diamonds, Kalyan Jewellers and Joyalukkas are likely to continue adjusting prices in line with global spot movements and the evolving macro\u2011economic backdrop.<\/p>\n<p>In summary, October\u202f1 saw a uniform dip of Rs\u202f30 per gram for 22\u2011karat gold across the nation\u2019s leading jewellery chains, set against a backdrop of broader precious\u2011metal weakness, a strong U.S. dollar, and lingering geopolitical risk. The IBJA\u2019s slightly higher indicative rates suggest that the underlying metal price is not falling as sharply as retail prices, underscoring the complex interplay between global markets and domestic retail pricing strategies.<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>On October\u202f1, 2026, 22\u2011karat gold jewellery fell to Rs\u202f13,725 per gram at Tanishq and Rs\u202f13,680 at other major retailers in major Indian cities, reflecting broader weakness in precious\u2011metal markets.<\/p>\n","protected":false},"author":3,"featured_media":2378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[299],"tags":[1761,216,2596,2598,2597],"class_list":["post-2377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-gold","tag-india","tag-jewellery","tag-market-outlook","tag-prices","entry"],"_links":{"self":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/2377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/comments?post=2377"}],"version-history":[{"count":0,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/posts\/2377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media\/2378"}],"wp:attachment":[{"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/media?parent=2377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/categories?post=2377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsraise.com\/in\/wp-json\/wp\/v2\/tags?post=2377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}