Gold Price Today: 24K Gold Drops ₹3,500 in a Week; Check Rates in Delhi, Mumbai, Jaipur and Other Cities

Gold Price Today, October 4, 2026: Gold prices remained unchanged on Sunday after witnessing considerable pressure over the past week. The price of 24-carat gold has fallen by around ₹3,500 per 10 grams in a week, while 22-carat gold has become approximately ₹3,200 cheaper during the same period.

Silver prices have also remained steady for the third consecutive day after a sharp decline earlier this month.

Attention in the bullion market is now shifting towards the US Federal Reserve's policy meeting scheduled for later in October. Changing expectations over US interest rates, movements in the dollar and bond yields, inflation data and geopolitical developments could influence the next major move in precious metals.

For Indian buyers, 24-carat gold is currently hovering around ₹1.49 lakh per 10 grams across several major cities.

Gold Prices Remain Unchanged on October 4

Gold prices did not register a fresh change on Sunday following the previous session's weakness.

Despite today's stability, the broader weekly trend has been negative. The price of 24-carat gold has declined by approximately ₹3,500 per 10 grams over the past week. Meanwhile, 22-carat gold has fallen by around ₹3,200 per 10 grams.

The correction has come as investors reassess the outlook for US monetary policy ahead of the Federal Reserve's next meeting.

Gold generally reacts strongly to changes in US interest-rate expectations because the precious metal does not generate interest income. Higher interest rates and bond yields can make interest-bearing assets relatively more attractive, while expectations of stable or lower rates can provide support to bullion.

Gold Rate Today: City-Wise Prices on October 4

Here are the reported prices of 18-carat, 22-carat and 24-carat gold across 10 major Indian cities:

Among these cities, 24-carat gold is quoted at ₹1,49,330 per 10 grams in Delhi, Jaipur and Lucknow. Mumbai, Kolkata, Chennai, Bengaluru and Hyderabad have a slightly lower reported rate of ₹1,49,180.

In Patna and Ahmedabad, 24-carat gold stands at ₹1,49,230 per 10 grams.

Actual jewellery purchase prices can differ because making charges, taxes and other costs may be added to the quoted gold rate.

Silver Price Stable for Third Straight Day

Silver has also witnessed a period of stability.

The metal had fallen by ₹5,000 per kilogram on October 1. Since that decline, prices have remained unchanged for three consecutive days, according to the rates provided.

On October 4, silver is priced at ₹2,35,000 per kilogram in Delhi. The same rate is reported in Mumbai and Kolkata.

Chennai continues to command a premium, with one kilogram of silver priced at ₹2,45,000. This makes Chennai the most expensive of the four major metropolitan cities mentioned for silver purchases.

Industrial demand is an important factor for silver because, unlike gold, the metal has substantial industrial applications. Changes in manufacturing activity and industrial consumption can therefore have a notable impact on silver prices.

Why Are Traders Watching the US Federal Reserve?

The next major trigger for precious metals could come from the US Federal Reserve.

Earlier, markets were assigning a much higher probability to another interest-rate increase at the October policy meeting. However, softer-than-expected inflation and employment indicators have altered those expectations.

According to the market expectations cited in the source report, the probability of a rate increase in October was close to 70% earlier in the week but subsequently dropped to around 22%.

These probabilities can change rapidly as new economic data and comments from Federal Reserve officials emerge.

If the Fed keeps rates unchanged, some of the pressure on non-yielding assets such as gold could ease. On the other hand, a more hawkish-than-expected policy signal, stronger dollar or higher US Treasury yields could again put pressure on precious-metal prices.

What Could Decide Gold's Next Move?

Apart from the Federal Reserve, several domestic and international factors could influence gold prices in the coming days.

The US dollar remains one of the most important variables. Because international gold is predominantly priced in dollars, a stronger US currency can make bullion more expensive for buyers using other currencies and potentially weaken demand.

Bond yields are another important factor. Higher yields increase the opportunity cost of holding an asset such as gold that does not pay regular interest.

Inflation expectations, geopolitical tensions, central-bank demand and investor flows into gold-related investment products can also affect prices.

For Indian consumers, movements in the rupee against the US dollar are particularly relevant because India depends heavily on imports to meet domestic gold demand.

Should Buyers Focus Only on the Daily Gold Rate?

People planning to purchase jewellery should remember that the quoted gold price is not necessarily the final amount payable at a jewellery store.

The purity of gold, making charges, applicable taxes and jeweller-specific charges can change the final bill.

Buyers should also verify hallmarking and purity before purchasing gold jewellery rather than making a decision based only on the daily market rate.

Investors, meanwhile, should distinguish between physical gold, jewellery and financial products linked to gold because their costs, liquidity and risk characteristics can differ.

Gold Market Enters a Crucial Period

After falling by approximately ₹3,500 per 10 grams in a week, 24-carat gold has entered a period where global monetary-policy signals could become increasingly important.

For October 4, however, prices are stable. Delhi and Jaipur are quoting 24-carat gold at ₹1,49,330 per 10 grams, while Mumbai and Kolkata are at ₹1,49,180. Silver is also unchanged at ₹2,35,000 per kilogram in Delhi, Mumbai and Kolkata, while Chennai is quoting ₹2,45,000.

The next major direction for bullion could depend on changes in US interest-rate expectations, the dollar, Treasury yields and geopolitical developments. Buyers and investors should therefore treat short-term price forecasts cautiously, as precious-metal markets can remain highly volatile.

Disclaimer: Gold and silver prices mentioned above are based on the rates provided in the source information and may vary by location, dealer and time. This article is for informational purposes only and should not be considered investment advice. Investors should evaluate their financial circumstances and consult a qualified professional before making investment decisions.