Another Drop In Gold Rate In India Today, October 6th: 24K,22k,18k Gold Falls; Silver Prices Remain Flat

Gold price in India today declined after experiencing no major movement in the last two days. On October 6th, the 24 karat gold rate in India fell by Rs. 160 per 100 grams, while the 22 karat gold price dropped by Rs.150 per 100 grams.

Even in the international market, Gold held below $4,150 an ounce today near two-month lows as a stronger dollar and surging Treasury yields outweighed support from softer US jobs data and reduced expectations for an October rate hike by the Federal Reserve as per Trading Economics.

The domestic bullion market is currently following trends in global spot gold prices amid changing geopolitical developments. In the domestic commodity market, gold futures for December 2026 delivery also slipped by Rs.262 to Rs. 1, per 1,49,050 per 10 grams.

Gold Rate in India Today, October 6th

As of Tuesday, October 6th, the 24-carat gold rate in India slipped by Rs. 160 per 10 grams to cost Rs.1,49,020 per 10 grams. While the 22-carat gold prices today dropped by Rs. 150 and are currently at Rs. 1,36,600 per 10 grams. Similarly, the 18-carat gold rate today retails at Rs. 1,11,770 which dropped by Rs. 120.

Similarly, the 100 grams of 24-carat gold stands at Rs. 14,90,200 after decreasing by Rs.1600. While the 22-carat gold price in India per 100 grams is now retailing at Rs. 13,66,000 which dropped by Rs. 1500.

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures slated to mature on December 5th also experienced a decline today, trading at Rs.1,49,020 after slipping by 0.21%. Similarly, silver futures, with an expiry date of December 5th, dropped today by 0.43% to trade at Rs. 2,25,105 per Kg.

City-Wise Gold Rates Today, October 6th

Major metropolitan cities in India, including Chennai, Mumbai, Bangalore, and Hyderabad, mirrored Huge in the gold rates in India today. Here's the latest city-wise update on 22-carat and 24-carat gold rates on October 6th.

In Chennai, the 24-carat gold rate stands at Rs.1,49,020 per 10 grams, while the 22-carat gold price in Chennai is Rs. 1,36,600 per 10 grams.

In Bangalore, the gold rate for 24-carat is Rs.1,49,020 per 10 grams, and the 22-carat gold rate in Bangalore is Rs. 1,36,600 per 10 grams.

In Hyderabad, the 24K gold price is Rs.1,49,020 per 10 grams, and the 22K gold rate in Hyderabad is Rs. 1,36,600 per 10 grams.

In Mumbai, the 22-carat gold rate is Rs. 1,36,600 per 10 grams, while the 24-carat gold price in Mumbai remains at Rs.1,49,020 per 10 grams.

Silver Price Movement in India

Silver prices in India today observed no major movement for the 5th consecutive day. So 1kg of silver in India costs Rs. 2,35,000, while 100g of silver in India costs Rs. 23,500.

Gold Price Outlook & Analysis

"Gold fell 3.4% to $4,140 last week, its second straight weekly loss, while silver dropped 6.1% to $60.37, lifting the gold-silver ratio to 68.6. Early Fed hike fears, a firm dollar and Treasury yields at their highest since 2002 drove the selling. Softer PCE inflation and a weak 29,000 September payrolls print cut October hike odds to about 22%, but rallies above $4,200 faded. The US-Iran standoff kept oil and rate expectations elevated. This week, the RBI policy on 7 October, Fed speakers and US data are key, with gold support at $4,110 and then the psychological $4,000 mark." said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd. and Chairman at Jain International Trade Organisation

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