Gold Price Today, October 21, 2026: 22K Gold Falls to ₹1,34,040 in Delhi and Jaipur; Check City-Wise Rates

Gold Price Today, October 21, 2026: Gold prices declined across major Indian cities on Wednesday, offering some relief to consumers planning jewellery purchases during the festive and wedding seasons. According to the morning rates reported for October 21, 22-carat gold was priced at ₹1,34,040 per 10 grams in Delhi, Jaipur and Lucknow, while 24-carat gold stood at ₹1,46,220. Mumbai recorded a slightly lower rate of ₹1,46,070 for 24-carat gold. The domestic correction comes amid weakness in international bullion markets as investors await the US Federal Reserve's upcoming interest rate decision.

Gold Prices Decline Across India on October 21

Gold prices continued to face downward pressure in the Indian bullion market on October 21, 2026, as international economic developments influenced investor sentiment.

The decline comes at a time when Indian consumers are closely monitoring precious metal prices ahead of major festivals and the wedding season.

According to the reported morning quotations, both 22-carat and 24-carat gold became cheaper across several major cities.

In the national capital, 24-carat gold was quoted at ₹1,46,220 per 10 grams, while the price of 22-carat gold stood at ₹1,34,040.

Mumbai and Kolkata recorded 24-carat gold prices of ₹1,46,070 per 10 grams, with 22-carat gold available at an indicative rate of ₹1,33,890.

Internationally, spot gold was quoted near $4,125.90 per troy ounce.

Market participants are now focusing on the US Federal Reserve's monetary policy meeting scheduled for October 27–28, which could influence the direction of global precious metal prices.

Gold Rate Today: Latest 22K and 24K Gold Prices in 10 Major Cities

Here are the indicative gold prices reported for October 21, 2026.

Note: These are indicative morning rates from the supplied market report, not independently verified live quotations. Actual jewellery prices may differ depending on the seller, purity, making charges and applicable taxes.

Gold Price in Delhi, Jaipur and Lucknow

Gold buyers in Delhi, Jaipur and Lucknow are seeing identical indicative rates in the reported comparison.

In all three cities, 22-carat gold is priced at ₹1,34,040 per 10 grams, while 24-carat gold costs ₹1,46,220.

For consumers planning to purchase gold jewellery, the price of 22-carat gold is particularly relevant because this purity is commonly used for ornaments.

Meanwhile, 24-carat gold is generally preferred for investment-grade bars and coins due to its higher purity.

The difference between the reported 22-carat and 24-carat rates in these cities is ₹12,180 per 10 grams.

Consumers should remember that jewellery bills may include making charges, wastage charges where applicable, and GST in addition to the quoted gold value.

Gold Prices in Mumbai, Kolkata, Chennai and Bengaluru

Mumbai and Kolkata recorded slightly lower gold prices compared with Delhi in the morning quotations.

In both cities, 24-carat gold stood at ₹1,46,070 per 10 grams, while 22-carat gold was listed at ₹1,33,890.

Chennai recorded the highest gold prices among the cities included in the report.

The price of 24-carat gold in Chennai reached ₹1,47,160 per 10 grams, while 22-carat gold was quoted at ₹1,34,890.

The source also reported rates of ₹1,46,070 for 24-carat gold and ₹1,33,890 for 22-carat gold in Bengaluru and Pune.

Differences in local bullion market conditions, dealer premiums, transportation costs and other charges can contribute to variations in retail gold prices.

Gold Price per Gram: Check the Cost of Different Quantities

Based on Delhi's reported gold rates, the approximate cost of different quantities is as follows:

These figures represent the gold value calculated from the reported per-10-gram rates. They exclude additional retail charges.

Why Are Gold Prices Falling in October 2026?

The latest weakness in gold prices is linked to several international economic factors.

One of the most important developments is uncertainty surrounding future US interest rates.

Gold is a non-interest-bearing asset, meaning investors do not receive regular interest payments simply by holding physical gold.

When government bond yields rise or interest rates remain elevated, some investors may prefer assets that generate income.

A stronger US dollar can also weigh on gold prices because the precious metal is traded internationally in dollars.

In addition, profit booking after a substantial price rally can contribute to short-term corrections.

These factors may affect international prices, which subsequently influence domestic bullion quotations.

However, changes in global gold prices do not always translate into identical movements in India because currency fluctuations and local market conditions also play a role.

US Federal Reserve Meeting Could Influence Gold Prices

Investors are closely watching the Federal Reserve's monetary policy meeting scheduled for October 27–28, 2026.

According to the supplied report, the US central bank increased its benchmark overnight interest rate by 25 basis points in September, bringing the target range to 3.75%–4.00%.

Market participants will be looking for indications of whether policymakers intend to maintain current rates or introduce further changes.

If interest rates remain elevated for an extended period, gold could face pressure from higher bond yields and the opportunity cost of holding a non-yielding asset.

On the other hand, expectations of lower interest rates could improve gold's relative attractiveness.

The Federal Reserve's decisions will depend on economic conditions, including inflation, employment trends and broader financial stability.

Therefore, any prediction about the immediate direction of gold prices remains uncertain.

How Far Has Gold Fallen From Its Reported Record High?

The source report states that international gold prices reached a record level of $5,594.82 per troy ounce in January 2026.

Compared with the reported spot price of $4,125.90 on October 21, the difference is $1,468.92 per ounce.

This represents an approximate decline of 26.3% from the stated peak.

However, this comparison depends on the accuracy and consistency of the historical price benchmark. The record-high figure should be independently verified before being used as a definitive measure of the market's decline.

Gold prices can experience significant corrections even during periods of strong long-term investor interest.

Such movements highlight the importance of understanding price volatility rather than assuming that precious metals always increase in value.

Silver Price Today: White Metal Also Trades Lower

Alongside gold, silver prices were also under pressure in the domestic market.

According to the morning figures cited in the report, silver was quoted at approximately ₹2,29,900 per kilogram on October 21, 2026.

In the international market, spot silver stood near $57.86 per troy ounce.

The source report also referred to a domestic silver price of around ₹4 lakh per kilogram during January 2026.

If compared directly with the October 21 quotation of ₹2,29,900, this would indicate a difference of ₹1,70,100 per kilogram, or approximately 42.5%.

However, historical peak comparisons should use consistent market benchmarks, as spot prices, futures contracts and retail quotations can differ significantly.

Silver prices are influenced by investment demand as well as industrial consumption in sectors such as electronics, solar energy and manufacturing.

Consequently, silver can sometimes experience sharper fluctuations than gold.

What Is the Difference Between 22-Carat and 24-Carat Gold?

Gold purity is one of the most important considerations when purchasing jewellery or investment products.

24-Carat Gold: This is the highest commonly traded purity category, containing approximately 99.9% gold. It is generally used for investment-grade coins and bars rather than conventional jewellery requiring greater durability.

22-Carat Gold: This contains approximately 91.67% pure gold, with the remaining portion consisting of other metals. It is widely used for traditional gold jewellery in India.

Because 24-carat gold has a higher gold content, its price per gram is generally higher than that of 22-carat gold.

Consumers should check the purity and applicable BIS hallmarking details before making a purchase.

Will Festive and Wedding Demand Support Gold Prices?

India's festive and wedding seasons traditionally generate strong demand for gold jewellery, coins and other precious metal products.

Many households consider gold purchases an important part of family celebrations and long-term savings.

A correction in gold prices may encourage some buyers who postponed purchases during earlier price increases.

However, high absolute prices can still restrict the quantity of gold consumers are willing to purchase.

Some buyers may choose lightweight jewellery or smaller gold articles to remain within their budgets.

Although seasonal demand can support domestic bullion markets, it cannot guarantee that prices will rise.

International interest rates, currency movements and investment flows will continue to influence the broader outlook.

Important Things to Check Before Buying Gold

Consumers planning to purchase gold should compare quotations from authorised jewellers and verify the final payable amount.

The purity of the product should match the description provided by the seller.

For hallmarked jewellery, buyers should check the applicable BIS hallmark and Hallmark Unique Identification details where required.

Making charges can differ considerably between jewellery designs and retailers.

Buyers should also understand the applicable GST, exchange conditions and buyback policies before completing a transaction.

For investment purposes, factors such as liquidity, storage, taxation and price fluctuations should be considered.

Gold Price Outlook: What Could Happen Next?

The direction of gold prices in the coming sessions will depend on several developments.

US monetary policy announcements, inflation data, Treasury bond yields and movements in the dollar could influence international bullion prices.

In India, the rupee-dollar exchange rate and festive jewellery demand may affect domestic quotations.

Geopolitical uncertainty could also increase safe-haven interest in gold, although its impact may be offset by changes in interest rate expectations.

Market participants should therefore remain cautious about short-term price predictions.

Final Takeaway

Gold prices declined across several Indian cities on October 21, 2026, with 22-carat gold quoted at ₹1,34,040 per 10 grams in Delhi, Jaipur and Lucknow.

The corresponding 24-carat rate stood at ₹1,46,220, while Mumbai recorded a slightly lower price of ₹1,46,070 per 10 grams.

International spot gold was reported near $4,125.90 per ounce as investors awaited the Federal Reserve's upcoming monetary policy decision.

Silver also remained under pressure, with one domestic market reference quoting the metal at ₹2,29,900 per kilogram.

For consumers planning to buy gold during the festive or wedding season, checking updated local prices, purity certification and additional jewellery charges remains essential before making a purchase.

Disclaimer: This article is intended for informational purposes only and does not constitute financial or investment advice. Gold and silver prices fluctuate according to market conditions. Buyers should verify the latest rates with authorised dealers, while investors should consult qualified financial professionals before making investment decisions.