Gold Rates in India Today : On November 1, 2026, the price of 24-carat gold in India remained steady at ₹1,38,880 per 10 grams. The local market began November following a steep drop in October, although quoted prices in the UAE and numerous Gulf nations remained lower than Indian rates.
According to current Indian prices, 22-carat gold is priced at ₹1,27,300 per 10 grams and 18-carat gold at ₹1,04,160. The numbers provide purchasers with a comparison across purity levels as the holiday season continues.
October was a challenging month for gold prices. The 24-carat rate decreased by ₹10,360 per 10 grams, or ₹1,03,600 per 100 grams. Throughout the month, prices for various carats fell by around 7%.
Gold Rates in India Today: Prices by Carat
On November 1, the price of one gram of 24-carat gold was ₹13,888. The rates were ₹12,730 for 22-carat gold and ₹10,416 for 18-carat gold.
The pricing varies according to the quantity purchased. The domestic rates as reported are shown in the table below.
| Gold quantity | 24-carat | 22-carat | 18-carat |
|---|---|---|---|
| 1 gram | ₹13,888 | ₹12,730 | ₹10,416 |
| 8 grams | ₹1,11,104 | ₹1,01,840 | ₹83,328 |
| 10 grams | ₹1,38,880 | ₹1,27,300 | ₹1,04,160 |
| 100 grams | ₹13,88,800 | ₹12,73,000 | ₹10,41,600 |
Enrich Money CEO Ponmudi R has connected gold’s recent depreciation to ongoing inflation, high crude oil costs, and anticipation of future interest rate rises from the US Federal Reserve.
Gold declined roughly 2.72% over the reporting week, falling below $4,000 per ounce and reaching a low of around $3,881 on Friday. Silver underperformed, dropping between 8% and 9% and sliding below $50 per ounce for the first time in 11 months.
Ponmudi also mentioned the pressure from decline in US technology equities. Concerns about the returns on huge artificial intelligence investments prompted margin calls and forced selling in precious metals, adding to the downward pressure.
Gold Rates in India Today vs UAE and Gulf Markets
When the listed international rates are translated into Indian rupees, the prices for 24-carat gold in certain Gulf marketplaces fall. The UAE pricing was ₹12,072 per gram, which equates to ₹1,20,720 for 10 grams.
Bahrain reported a stated pricing of ₹11,971 per gram, or ₹1,19,710 for 10 grams. In Kuwait, the price per gram was ₹12,117, whereas in Saudi Arabia, it was ₹12,168.
Oman had a price of ₹12,219 per gram, whereas Qatar had a cost of ₹12,202.
| Country | 24K price per gram (INR) |
|---|---|
| Bahrain | ₹11,971 |
| Kuwait | ₹12,117 |
| Oman | ₹12,219 |
| Qatar | ₹12,202 |
| Saudi Arabia | ₹12,168 |
| UAE | ₹12,072 |
The reported 24-carat values in the listed Gulf markets were lower than India’s cost of ₹13,888 per gram. However, the comparison only considers published gold rates; extra taxes, jewelry-making fees, and other expenditures are not included in the amounts supplied.
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Ponmudi anticipates that inflation and the potential of another US Federal Reserve rate hike in December will continue to be major influences in gold and silver prices. Lower prices may entice central bank purchases, but any rebound will be dependent on broader market circumstances.
For India, currency swings will be important. Currency movements, crude oil prices, and foreign capital flows may all have an impact on domestic bullion rates, as well as worldwide gold prices.
Ponmudi also mentioned the pressure from decline in US technology equities. Concerns about the returns on huge artificial intelligence investments prompted margin calls and forced selling in precious metals, adding to the downward pressure.
October was a challenging month for gold prices. The 24-carat rate decreased by ₹10,360 per 10 grams, or ₹1,03,600 per 100 grams. Throughout the month, prices for various carats fell by around 7%.
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