Gold Rates Today Crash On Dussehra In Chennai, Delhi, Mumbai, More Cities; 24K, 22K, 18K Gold Prices On Oct-20

Gold rates in the majority of cities of India crashed sharply on the occasion of Dussehra on October 20, 2026. The 24-carat gold price dropped as much as Rs 8,700 in 100 grams, while the 22-carat and 18-carat gold prices plunged by at least Rs 8,000 and Rs 6,500. This is despite the global bullion market witnessing a buying trend. On Tuesday, spot gold traded around $4,145 per ounce with marginal upside, and spot silver neared $57.5 per ounce with 1% gains. The MCX bullion market is closed for the morning session for the festival but will open from 5:00 pm for its evening session. The decline in physical gold rates is good news for devotees who are looking to buy gold on this auspicious day.

Gold Rates In India Today:

24-carat gold prices dropped by Rs 8,700 in 100 grams, dipped Rs 870 in 10 grams, down by Rs 696 in 8 grams and lower by Rs 87 in 1 gram.

Meanwhile, 22-carat gold prices declined by Rs 8,000 in 100 grams, tumbled Rs 800 in 10 grams, slipped Rs 640 in 8 grams and is down by Rs 80 in 1 gram.

Also, in 18-carat, 100 grams gold price plummeted by Rs 6,500, 10 grams slipped Rs 650, 8 grams dipped Rs 520 and 1 gram is down by Rs 65.

24 Carat Gold Prices Fall Today

In Chennai, 24-carat gold price stood at Rs 14,805 per 1 gram, at Rs 1,48,050 per 10 grams and at Rs 14,80,500 per 100 grams. Meanwhile, in cities like Mumbai, Kolkata, Pune, Kerala, Hyderabad, and Bangalore, 24-carat gold price stood at Rs 14,717 per 1 gram, at Rs 1,47,170 per 10 grams and at Rs 14,71,700 per 100 grams on Dussehra.

Meanwhile, in Delhi, 24-carat gold is most expensive at Rs 14,820 per 1 gram, at Rs 1,48,200 per 10 grams and at Rs 14,82,000 per 100 grams. In cities like Ahmedabad and Vadodara, 24-carat gold price stood at Rs 14,722 per 1 gram, at Rs 1,47,220 per 10 grams and at Rs 14,72,200 per 100 grams.

22 Carat Gold Prices Down Today

In Chennai, 22-carat gold price is at Rs 13,571 per 1 gram, at Rs 1,35,710 per 10 grams and at Rs 13,57,100 per 100 grams. Meanwhile, in Mumbai, Kerala, Hyderabad, Bangalore, Kolkata and Pune, 22-carat gold is available at Rs 13,490 per 1gram, at Rs 1,34,900 per 10 grams and at Rs 13,49,000 per 100 grams.

Further, in Delhi, this same carat is available at Rs 13,586 per 1 gram, at Rs 1,35,860 per 10 grams and at Rs 13,58,600 per 100 grams. Also, in Ahmedabad and Vadodara, gold price stood at Rs 13,495 per 1 gram, at Rs 1,34,950 per 10 grams and at Rs 13,49,500 per 100 grams.

18 Carat Gold Prices Drop Today

18-Carat gold prices are at Rs 11,038 per 1 gram, at Rs 1,10,380 per 10 grams, and at Rs 11,03,800 per 100 grams in cities like Mumbai, Hyderabad, Kerala, Bangalore, Kolkata and Pune. In Chennai, 18-carat is most expensive at Rs 11,156 per 1 gram, at Rs 1,11,560 per 10 grams and at Rs 11,15,600 per 100 grams.

In Ahmedabad and Vadodara, 18-carat gold prices are at Rs 11,042 per 1 gram, at Rs 1,10,420 per 10 grams and at Rs 11,04,400 per 100 grams. In Delhi, the price stood at Rs 11,119 per 1 gram, at Rs 1,11,190 per 10 grams and at Rs 11,11,900 per 100 grams.

Gold Rates City-Wise

City	24K Gold (₹)	22K Gold (₹)	18K Gold (₹)
Chennai	₹14,805	₹13,571	₹11,156
Mumbai	₹14,717	₹13,490	₹11,038
Delhi	₹14,820	₹13,586	₹11,119
Kolkata	₹14,717	₹13,490	₹11,038
Bangalore	₹14,717	₹13,490	₹11,038
Hyderabad	₹14,717	₹13,490	₹11,038
Kerala	₹14,717	₹13,490	₹11,038
Pune	₹14,717	₹13,490	₹11,038
Vadodara	₹14,722	₹13,495	₹11,042
Ahmedabad	₹14,722	₹13,495	₹11,042

What Is Impacting Gold Prices In India?

As per Ashish Rajodiya, Head of Commodities, PL Capital, gold and silver are firmer on Monday, with MCX gold near Rs 1,48,250 per 10 grams, up Rs 332, and MCX silver at Rs 2,11,800 per kg, up Rs 613 or 0.29%, while spot gold holds around $4,178 an ounce. Softer crude is easing inflation worries, and an AI-linked equity selloff has pulled Treasury yields lower, which together are giving bullion some room after last week's volatility.

He added that markets now price a Fed hold at the October 27-28 meeting as the clear base case, so the focus shifts to the tone of the statement and the next round of inflation data. If crude keeps softening and yields stay lower, gold and silver could extend their recovery, while a renewed oil spike or a hawkish signal from the Fed would put the gains at risk.

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