What happened
On October 23, 2026, 24-carat gold was quoted at Rs 14,248 per gram, 22-carat at Rs 13,060 and 18-carat at Rs 10,686 in the major Indian metros, per Goodreturns.in as cited by The Indian Express.
Why it matters
Jewellery buyers see roughly Rs 175 to Rs 190 a gram cheaper than the previous day, though GST, TCS and making charges still apply.
Remember this
24K at Rs 14,248 per gram — the cheapest Indian gold has looked in weeks.
City Spread (24K, per gram)
Delhi Rs 14,263 · Chennai Rs 14,248 · Mumbai Rs 14,248 · Kolkata Rs 14,248 · Bangalore Rs 14,248 · Hyderabad Rs 14,248 · Pune Rs 14,248 · Vadodara Rs 14,243 · Ahmedabad Rs 14,243.
More context & who is affected
Indian gold prices slipped on October 23, 2026, with 24-carat coins trading near Rs 14,248 per gram, 22-carat around Rs 13,060 and 18-carat close to Rs 10,686, according to The Indian Express and Goodreturns.in. MCX futures fell 0.9 per cent and opened at Rs 1.42 lakh per 10 grams, pressurised by oil-price spikes and the accompanying inflation fears reported by Times Now.
The sticker was a shade softer in Delhi, where 24-carat was quoted at Rs 14,263 and 22-carat at Rs 13,075 per gram. Vadodara and Ahmedabad printed slightly lower at Rs 14,243 and Rs 13,065 respectively, according to the Indian Express city table.
Every quoted figure excludes GST, TCS and the jeweller's making charges, so the actual amount at the counter will run higher. Different aggregators also swing within a few hundred rupees during the day depending on when they capture the rate.
- 24K Rate (per gram)
- ₹14,248 Goodreturns.in rate for 24-carat gold on October 23, 2026; Times Now printed the same figure.The Indian ExpressTimes Now
- 22K Rate (per gram)
- ₹13,060 Standard Indian jewellery purity (91.6%) on October 23, 2026; Delhi posted Rs 13,075.The Indian ExpressTimes Now
- MCX 10-gram Gold
- ₹1.42 lakh (-0.9%) MCX 10-gram gold futures opened at Rs 1.42 lakh and slipped 0.9 per cent on October 23, 2026.Times Now
Jewellery Buyers
Consumers see roughly Rs 175 to Rs 190 per gram cheaper per karat than the previous session.
General Public
Delhi prints about Rs 15 higher than Chennai, Mumbai, Kolkata, Bangalore, Hyderabad and Pune on 24K, so the metro matters.
Investors
MCX gold futures opened 0.9 per cent lower, nudging intraday exposure and hedging decisions for the metal.
Reporting fromThe Indian Express ↗Times Now ↗
Sources & verification2 sources · 4 claims
These are the records behind this briefing. Linked reporting is not the same as independent confirmation.
- The Indian ExpressReportingPublished Oct 23, 2026 · Accessed Oct 23, 2026
- Times NowReportingPublished Oct 23, 2026 · Accessed Oct 23, 2026
Claims and linked sources
On October 23, 2026, 24-carat gold was quoted at Rs 14,248 per gram, 22-carat at Rs 13,060 and 18-carat at Rs 10,686 across major Indian metros.
Versus October 22, 24K fell Rs 190, 22K Rs 175 and 18K Rs 143 per gram on October 23, 2026.
MCX gold futures fell 0.9 per cent and opened at Rs 1.42 lakh per 10 grams on October 23, 2026.
Times Now attributed the pullback to surging oil prices that are fuelling inflation worries.
