The gold rate today in India stands at ₹14,766 per gram for 24-carat gold, according to rates cited by The Indian Express. The price of 22-carat gold is ₹13,535 per gram, while 18-carat gold is selling at ₹11,074 per gram.
Compared with October 16, 24-carat gold has become ₹22 costlier per gram. The 22-carat rate is up ₹20, while 18-carat gold has increased by ₹16.
The increases are not huge on a per-gram basis. For buyers purchasing jewellery, coins or larger quantities ahead of the festive season, though, even a small daily movement can noticeably change the final bill.
24-Carat Gold Reaches ₹14,766 Per Gram
Pure 24-carat gold is priced at ₹14,766 per gram on October 17.
That takes the value of 10 grams to roughly ₹1.48 lakh before any additional charges that may apply when buying physical gold.
The price is up from ₹14,744 per gram a day earlier.
A ₹22 increase may look modest, but multiply it across a 10-gram purchase and the difference becomes ₹220 before taxes or other costs.
That is why buyers tracking 24-carat gold prices ahead of a planned purchase often watch day-to-day movements closely.
Twenty-four-carat gold is typically used for investment products such as coins and bars rather than most jewellery because pure gold is softer than lower-purity alloys.
22-Carat Gold Is Priced at ₹13,535
For jewellery buyers, the 22-carat number is often more relevant.
The 22-carat gold rate today stands at ₹13,535 per gram, up ₹20 from October 16.
At that rate, the basic value of 10 grams works out to approximately ₹1,35,350.
Actual jewellery prices will be higher.
A jeweller normally adds making charges, and GST is calculated as well. Some products may also carry different wastage or design-related costs depending on the retailer and the piece being purchased.
So two shops quoting the same underlying gold rate can still produce noticeably different final bills.
That becomes particularly important during the festive period, when customers may see discounts on making charges that change the overall cost more than a small movement in bullion itself.
18-Carat Gold Moves to ₹11,074
Eighteen-carat gold is priced at ₹11,074 per gram.
That represents a ₹16 increase from the previous day.
The lower purity means 18-carat gold contains less pure gold than 22K or 24K varieties, but that is not necessarily a disadvantage for every buyer.
The additional metals in the alloy can make jewellery harder and more suitable for pieces that need to tolerate regular wear.
It is also commonly used in designs containing diamonds or other stones.
For someone comparing jewellery rather than buying gold solely as an investment, 18-carat gold prices therefore matter alongside the higher-purity rates.
Delhi Gold Prices Are Slightly Higher
Gold rates vary a little between Indian cities.
Delhi has one of the higher quoted prices on October 17, with 24-carat gold at ₹14,781 per gram.
Twenty-two-carat gold in the capital is ₹13,550 per gram, while 18-carat gold is ₹11,089.
Mumbai is slightly cheaper.
The city’s rates are ₹14,766 for 24K, ₹13,535 for 22K and ₹11,074 for 18K.
Kolkata, Bengaluru and Hyderabad are also showing the same quoted rates as Mumbai across these three purity levels.
The differences may be small, but city-level pricing can vary because of local demand, logistics and dealer-level costs.
Chennai Has a Higher 18-Carat Rate
Chennai’s 24K and 22K rates match Mumbai at ₹14,766 and ₹13,535 per gram respectively.
The difference appears in 18-carat gold.
The quoted Chennai gold rate for 18K is ₹11,125 per gram, making it higher than the corresponding Mumbai, Kolkata, Bengaluru and Hyderabad rate.
Ahmedabad and Vadodara are also marginally above Mumbai for the higher-purity categories.
Both cities show 24-carat gold at ₹14,771 per gram, 22-carat at ₹13,540 and 18-carat at ₹11,079.
For anyone buying a large quantity, these small regional differences can become worth checking.
The Displayed Gold Rate Is Not the Final Jewellery Price
A common mistake is to multiply the quoted per-gram price by jewellery weight and assume that is what will appear on the bill.
It rarely works that way.
Jewellery pricing includes the value of the gold plus making charges and applicable taxes. Stones, specialised designs and additional craftsmanship can add more.
Making charges themselves are not standard across the industry.
One jeweller may quote a fixed amount per gram, while another charges a percentage of the gold value.
That makes the gold price per gram a useful starting point rather than the full purchase price.
Buyers comparing shops should therefore compare the final amount for the same weight and purity instead of looking only at the day’s gold rate.
Purity Matters Just as Much as Price
A lower price can sometimes simply mean lower purity.
Twenty-four-carat gold is close to pure gold, while 22-carat material contains a smaller proportion of gold alongside other metals.
Eighteen-carat gold contains still less.
That affects both price and intended use.
Investment buyers often prefer higher-purity coins or bars. Jewellery buyers may choose 22K or 18K depending on durability, design and budget.
Hallmarking is therefore important when buying physical gold.
Checking the purity marking and receiving a proper invoice helps make sure a cheaper quote is genuinely a better price rather than a different product being compared.
Daily Movements Can Add Up Quickly
Saturday’s increase is relatively small, but gold buyers have seen much larger movements during 2026.
That volatility is one reason attempting to identify the perfect day to buy can be difficult.
Someone purchasing for a fixed requirement, such as a wedding or festival, may prefer to spread purchases over time rather than make the entire purchase on one day.
Investment buyers have different options, including physical gold, exchange-traded funds and other market-linked products.
Each comes with a different cost structure.
For physical buyers, however, the number that matters today is straightforward.
The gold rate on October 17, 2026 is ₹14,766 per gram for 24K, ₹13,535 for 22K and ₹11,074 for 18K at the national reference level cited in the report.
All three are higher than they were a day ago.
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