Gold prices witnessed a sharp decline across India on Tuesday, October 20, 2026, on Dussehra, offering potential relief to consumers planning jewellery purchases during the festive season. According to Goodreturns, 24-carat gold fell by ₹870 per 10 grams, while 22-carat gold declined by ₹800 and 18-carat gold dropped by ₹650.
With gold and silver traditionally in demand during the festive period, buyers are keeping a close watch on bullion prices across major cities, including Mumbai, Delhi and Bengaluru.
Gold rate today in India
According to Goodreturns, the indicative gold rates on October 20 were as follows:
| Gold purity | Price per gram | Price per 10 grams |
|---|---|---|
| 24-carat gold | ₹14,717 | ₹1,47,170 |
| 22-carat gold | ₹13,490 | ₹1,34,900 |
| 18-carat gold | ₹11,038 | ₹1,10,380 |
The price of 24-carat gold declined by ₹870 per 10 grams. Meanwhile, 22-carat gold fell by ₹800 per 10 grams, and 18-carat gold dropped by ₹650 over the same period.
City-wise gold rates today: Mumbai, Delhi and Bengaluru
Gold prices can vary across cities depending on local taxes, transportation costs and jewellers’ pricing. The indicative rates reported for October 20 are listed below.
| City | 24K gold per gram | 22K gold per gram | 18K gold per gram |
|---|---|---|---|
| mumbai | ₹14,717 | ₹13,490 | ₹11,038 |
| Delhi | ₹14,732 | ₹13,505 | ₹11,052 |
| Bengaluru | ₹14,717 | ₹13,490 | ₹11,038 |
These rates are indicative and may differ from the prices quoted by individual jewellers. Making charges, GST and other applicable costs are generally additional.
Silver rate today in Mumbai, Delhi and Bengaluru
Silver prices are also being tracked closely during the festive season. The indicative silver rate reported for October 20 was ₹230 per gram, or ₹2,30,000 per kilogram, across Mumbai, Delhi and Bengaluru.
| City | Silver per gram | Silver per 10 grams | Silver per kilogram |
|---|---|---|---|
| mumbai | ₹230 | ₹2,300 | ₹2,30,000 |
| Delhi | ₹230 | ₹2,300 | ₹2,30,000 |
| Bengaluru | ₹230 | ₹2,300 | ₹2,30,000 |
Buyers should confirm the latest rates with local bullion dealers or jewellers before making a purchase, as prices can change during the trading day.
Why are gold prices in focus on Dussehra?
Dussehra is considered an auspicious occasion for new beginnings and purchases in many parts of India. Gold buying often picks up during the festive period, as consumers purchase jewellery, coins and other gold items for personal use and gifting.
The decline in gold prices on October 20 could attract buyers who have been waiting for a correction. However, the retail price paid for jewellery will depend on the gold rate on the day of purchase, the item’s weight and purity, making charges and applicable taxes.
What should gold buyers know?
Consumers planning to buy gold or silver should compare prices across jewellers and check the purity and hallmarking details before completing a transaction. They should also ask for a clear breakdown of the metal cost, making charges and taxes on the final bill.