Overview

• On October 10, The Indian Express reported a pullback, with 24K at ₹12,229 per gram (down ₹186), 22K at ₹11,210 (down ₹170) and 18K at ₹9,172 (down ₹139).
• On October 9, Republic World listed higher levels at 24K ₹12,415, 22K ₹11,380 and 18K ₹9,311 per gram during a festive demand bump.
• Later on October 10, Free Press Journal cited fresh peaks near 24K ₹12,416 per gram and said MCX December gold futures hit ₹1,22,165 per 10 grams.
• Quoted rates across major metros such as Chennai, Mumbai, Bengaluru and Kolkata were broadly similar, with only modest city-level differences.
• Reports underscore gold’s use as an inflation hedge, with 24K typically chosen for investment and 22K and 18K primarily bought for jewellery.