22 Carat Gold Rate Today (23/10/2026) Drops Rs 17,500 At Tanishq, IBJA, Joyalukkas, Malabar Before Diwali

Gold rates at top jewelers in India has crashed significantly on October 23, 2026, just as Diwali is around the corner. At Tanishq alone, 22-carat gold price nosedived by at least Rs 17,500 in 100 grams, while 24-carat slipped below Rs 1,42,300 per 10 grams mark. The performance is due to broad-based sell-offs in physical gold rates of India up to Rs 19,000 per 100 grams in 24-carat and Rs 17,500 in 916 purity. Gold is expected to find support as Dhanteras demand absorbs the current correction.

Gold Rates Today

Tanishq Gold Rates Today

22-carat gold price plunged by Rs 17,500 in 100 grams, dropped Rs 1,750 in 10 grams, slipped Rs 1,400 in 8 grams and is down by Rs 175 in 1 gram. Accordingly, on October 23, 22-carat gold price stood at Rs 13,100 per 1 gram, at Rs 104,800 per 8 grams, at Rs 131,000 per 10 grams and at Rs 1,310,000 per 100 grams.

Additionally, 24-carat gold price stood at Rs 14,291 per 1 gram and at Rs 1,42,910 per 10 grams. Also, 18-carat gold price is at Rs 10,718 per 1 gram and at Rs 1,07,180 per 10 grams.

IBJA Gold Rates Today

At IBJA, the 999 purity gold price is at Rs 14,145 per 1 gram, while the 995 purity and 916 purity gold prices are at Rs 14,088 per 1 gram respectively. Also, on Friday, the 750 purity gold price is at Rs 10,609 and the 585 purity gold is priced at RS 8,275 respectively.

Malabar Gold Rates Today

At stores of Malabar, 22-carat gold price is at Rs 13,060 per 1 gram and the 10-grams gold is available at Rs 1,30,600. Further, 24-carat gold rates stood at Rs 14,247 per 1 gram and at Rs 1,42,470 per 10 grams.

Joyalukkas Gold Rates Today

At retail stores, 22-carat gold is available at Rs 13,060 per 1 gram and at Rs 1,30,600 per 10 grams. These rates are applicable in cities like Andhra Pradesh, Delhi, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal.

How Dhanteras Will Impact Gold?

As per Rajeev Sharan, Head of Research, Brickwork Ratings, the rupee held in a narrow band on Friday, opening 3 paise firmer at 94.78 before softening toward 95.15 to the dollar by afternoon, while 24-karat gold slipped another Rs 1,900 to Rs 1.42 lakh per 10 grams in its third straight decline. What changed today is a rare split in market logic: Brent crude surging toward USD 114 on Middle East tanker strikes is weakening the rupee through India's oil import bill, yet that same energy shock is reigniting global inflation fears, lifting US bond yields, and dragging gold prices down.

Further, he added that the divergence matters because festive buyers are getting an unexpected discount even as geopolitical tensions boil. Looking ahead, the rupee will face friction around 95.30 as oil remains elevated, while gold should find solid support near current levels as Dhanteras demand absorbs this temporary pullback.

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