Gold prices remain in focus as India enters the festive season, a period when demand for jewellery and precious metals typically attracts greater attention. On October 2, 2026, the domestic bullion market is closed on account of Gandhi Jayanti, meaning the latest physical-market prices largely reflect the previous trading session.

Ahead of the holiday, gold had strengthened in Delhi's bullion market, while futures prices on the Multi Commodity Exchange (MCX) recorded a marginal decline. International gold was quoted at around $4,210.80 per ounce, according to the figures cited in the latest market update.

Consumers planning to purchase gold during the festive period should compare local rates and check the purity of the metal before completing a transaction, as retail prices can vary across cities and jewellers.

Gold Price in Delhi Before Gandhi Jayanti Holiday

In the previous trading session, gold of 99.9% purity in Delhi's bullion market increased by ₹500 to ₹1,49,800 per 10 grams. It had previously closed at ₹1,49,300 per 10 grams.

Another bullion-market reference cited a 24-carat gold rate of ₹1,50,540 per 10 grams.

Rates can differ between market sources because they may represent different markets, pricing methodologies or timings. Retail jewellery prices may also include making charges, taxes and other applicable costs.

MCX Gold Futures Slip Marginally

While physical gold had strengthened in Delhi, MCX gold futures moved slightly lower.

Gold futures were quoted at ₹1,47,724 per 10 grams, down ₹142. In the preceding trading session, the contract had closed at ₹1,47,866 per 10 grams.

In the international market, gold was trading around $4,210.80 per ounce, according to the cited update.

Another retail-rate reference placed 24-carat gold at ₹1,49,390 per 10 grams.

Gold Price Today: City-Wise 24K, 22K and 18K Rates

The following are the city-wise indicative gold prices cited for October 2:

Prices are per 10 grams and are indicative rates based on the figures cited in the source update. Actual retail prices can differ.

Gold Rates by Purity: From 24K to 10K

Gold prices vary significantly depending on purity. While 24-carat gold represents a higher level of purity, lower-carat gold contains a larger proportion of other metals.

According to the available bullion rates, the purity-wise prices are:

The quoted per-gram and 10-gram figures in the source do not align exactly in every category due to apparent rounding or source-data differences, so buyers should confirm the live rate before making a purchase.

Gold Recovered in Delhi but Remained Lower Over the Week

The previous trading session brought a second consecutive day of gains for gold in Delhi's bullion market. Gold with 99.9% purity climbed ₹500 to ₹1,49,800 per 10 grams, compared with its previous closing price of ₹1,49,300.

Despite the two-session recovery, the broader weekly trend remained weaker. According to the cited figures, gold had fallen by approximately ₹2,800 per 10 grams, or around 2%, over the week.

This combination of short-term recovery and weekly decline highlights the volatility that has been visible in precious-metal prices.

What Gold Buyers Should Check Before Purchasing

With the festive season underway, buyers should avoid relying only on headline gold rates. The final amount paid at a jewellery store can differ from the quoted bullion price because of gold purity, making charges, taxes and other costs.

Buyers should also check the BIS hallmark and purity details of jewellery before purchasing. Comparing rates across trusted jewellers can provide a clearer picture of the total cost.

Since the bullion market is closed for Gandhi Jayanti on October 2, today's quoted domestic rates should be treated as reference prices based largely on the latest available market data rather than a fresh physical-market trading session.

Gold prices may move again when regular trading resumes, depending on domestic demand, global bullion trends, currency movements and broader financial-market conditions.