{
  "type": "article",
  "title": "Dussehra Gold Price Slump: Retail Bullion Rates Ease Across Delhi, Mumbai, Chennai, and Other Major Cities",
  "summary": "Gold retail prices witnessed a sharp drop across major Indian cities on Dussehra, with 24K gold declining by Rs 8,700 per 100 grams while MCX futures showed modest resilience.",
  "content": "Gold buyers across India witnessed welcome relief on the auspicious occasion of Dussehra as spot market bullion rates registered broad declines across key metropolitan centres. Physical prices for 24-carat, 22-carat, and 18-carat gold dropped across all weight denominations, giving festival shoppers and retail jewel consumers an attractive window for festive accumulations.\n\nMagnitude of the Daily Downward Revision\nThe daily price revision reflected substantial cuts across all purity categories. For pure 24-carat gold, prices slumped by Rs 8,700 for a 100-gram tranche. A 10-gram parcel saw an Rs 870 drop, while 8-gram sovereign purchases declined by Rs 696, and 1 gram fell by Rs 87.\n\nThe standard jewellery-grade 22-carat gold mirrored this downward trend with significant ease. A 100-gram quantity dropped by Rs 8,000, while the widely monitored 10-gram benchmark fell by Rs 800. Additionally, an 8-gram unit contracted by Rs 640, and single-gram purchases dropped by Rs 80.\n\nThe affordable 18-carat gold segment underwent a matching reduction across retailers. Rates for 100 grams plummeted by Rs 6,500, with 10-gram quantities easing by Rs 650. Concurrently, an 8-gram quantity saw a cut of Rs 520, and 1 gram declined by Rs 65.\n\nMetropolitan Rates for 24-Carat Bullion\nDisparities driven by local value-added taxes, freight logistics, and regional trade premiums shaped distinct rates across urban centres. Delhi recorded the highest pricing nationally for 24-carat gold, where 1 gram stood at Rs 14,820, 10 grams reached Rs 1,48,200, and 100 grams stood at Rs 14,82,000.\n\nIn Chennai, 24-carat gold was marked at Rs 14,805 per 1 gram, Rs 1,48,050 per 10 grams, and Rs 14,80,500 per 100 grams. Across other major hubs including Mumbai, Kolkata, Pune, Kerala, Hyderabad, and Bangalore, 24-carat gold traded uniformly at Rs 14,717 per 1 gram, Rs 1,47,170 per 10 grams, and Rs 14,71,700 per 100 grams on Dussehra. In Gujarat, Ahmedabad and Vadodara pegged 24-carat gold at Rs 14,722 per 1 gram, Rs 1,47,220 per 10 grams, and Rs 14,72,200 per 100 grams.\n\nCity-Wise Standings for 22-Carat Jewellery Gold\nIn the popular 22-carat jewellery segment, Delhi again occupied the upper end of the price spectrum, posting Rs 13,586 per 1 gram, Rs 1,35,860 per 10 grams, and Rs 13,58,600 per 100 grams.\n\nChennai followed closely with 22-carat metal quoted at Rs 13,571 per 1 gram, Rs 1,35,710 per 10 grams, and Rs 13,57,100 per 100 grams. Meanwhile, buyers in Mumbai, Kerala, Hyderabad, Bangalore, Kolkata, and Pune secured 22-carat gold at Rs 13,490 per 1 gram, Rs 1,34,900 per 10 grams, and Rs 13,49,000 per 100 grams. In Ahmedabad and Vadodara, rates settled at Rs 13,495 per 1 gram, Rs 1,34,950 per 10 grams, and Rs 13,49,500 per 100 grams.\n\nPrice Matrix for 18-Carat Gold\nIn the 18-carat bracket, Chennai emerged as the most expensive market, pricing 1 gram at Rs 11,156, 10 grams at Rs 11,1560, and 100 grams at Rs 11,15,600. Delhi saw 18-carat quotations at Rs 11,119 per 1 gram, Rs 1,11,190 per 10 grams, and Rs 11,11,900 per 100 grams.\n\nFor buyers across Mumbai, Hyderabad, Kerala, Bangalore, Kolkata, and Pune, 18-carat gold stood at Rs 11,038 per 1 gram, Rs 1,10,380 per 10 grams, and Rs 11,03,800 per 100 grams. Ahmedabad and Vadodara logged corresponding 18-carat levels of Rs 11,042 per 1 gram, Rs 1,10,420 per 10 grams, and Rs 11,04,400 per 100 grams.\n\nDerivatives Trend and Macroeconomic Catalysts\nIn contrast to the retail spot pullback, futures exchanges experienced modest buying momentum. Ashish Rajodiya, Head of Commodities at PL Capital, noted that gold and silver held firmer on Monday, with MCX gold near Rs 1,48,250 per 10 grams, advancing by Rs 332, while MCX silver stood at Rs 2,11,800 per kg, gaining Rs 613 or 0.29%, as spot gold held near $4,178 an ounce internationally.\n\nRajodiya observed that softening crude oil is currently alleviating consumer inflation concerns, while a tech-heavy equity drawdown linked to AI shares has guided Treasury yields lower, collectively creating technical breathing room for precious metals following prior volatility. He added that market participants are pricing a Federal Reserve interest rate pause during the upcoming October 27-28 policy meeting as their definitive base scenario. Consequently, market attention is pivoting toward the central bank's linguistic tone and forthcoming inflationary prints. A prolonged easing in crude oil coupled with depressed yields could extend gold and silver rebounds, whereas fresh energy spikes or hawkish central bank guidance would directly jeopardize these advances.\n\nWhat this means for you\nThe dip in spot gold rates during Dussehra provides direct cost savings for households planning festive and wedding jewellery purchases across Indian cities.\n\n• Across India: The price drop of Rs 870 on 10 grams of 24K and Rs 800 on 22K gold meaningfully reduces out-of-pocket expenses for festive jewellery buyers. Consumers making customary auspicious purchases can secure physical metal at comparatively softer levels.\n• In Delhi: Delhi consumers face the highest domestic rate at Rs 1,48,200 per 10 grams for 24K gold despite the latest markdown. Local buyers can leverage the day's price dip to offset regional retail premiums during festive shopping.\n• In Chennai: In Chennai, 22K jewellery gold eased to Rs 1,35,710 per 10 grams, offering competitive entry points for southern jewellery consumers. Local buyers can secure seasonal ornaments at lower price bases ahead of the wedding rush.\n• For Commodity Investors: While physical bullion eased, MCX futures ticked up Rs 332 to trade near Rs 1,48,250 per 10 grams alongside international spot holding at $4,178 an ounce. Traders should monitor US Treasury yields and crude oil trajectories ahead of the upcoming central bank policy review.\n\nWhy this happened\nThe drop in domestic spot prices reflects daily spot bullion revisions, while global derivatives drew underlying support from falling crude oil benchmarks and softened bond yields.\n\n• Softening Crude Oil Prices: Retreating oil prices helped alleviate immediate headline inflationary pressures across global economies. This dynamic reduced short-term macroeconomic distress, stabilizing bullion movements after prior sessions of heavy volatility.\n• AI Equity Selloff and Lower Yields: A retreat in high-valuation technology and artificial intelligence equities prompted a decline in US Treasury yields. Lower sovereign yields traditionally reduce the opportunity cost of holding non-yielding assets, providing support to spot gold near $4,178 per ounce.\n• Anticipation of Central Bank Decisions: Investors have largely priced in a status quo policy hold for the October 27-28 Federal Reserve meeting. Bullion trajectories will hinge on the central bank's guidance alongside incoming inflation data prints.\n\nQuestions & Answers\n\n1. How much did 24-carat gold prices decline on Dussehra?\nPure 24-carat gold dropped by Rs 8,700 per 100 grams and by Rs 870 per 10 grams across domestic markets.\n\n2. What were the gold rates in Delhi for 24-carat and 22-carat gold?\nIn Delhi, 24-carat gold was priced at Rs 1,48,200 per 10 grams, while 22-carat gold stood at Rs 1,35,860 per 10 grams.\n\n3. What was the price of 24-carat gold in Mumbai and Bangalore?\nIn Mumbai and Bangalore, alongside Kolkata, Pune, Kerala, and Hyderabad, 24-carat gold traded at Rs 1,47,170 per 10 grams.\n\n4. How did gold and silver perform on the MCX derivatives exchange?\nMCX gold traded higher by Rs 332 near Rs 1,48,250 per 10 grams, while MCX silver rose by Rs 613 to trade at Rs 2,11,800 per kg.\n\n5. At what price level did global spot gold trade?\nInternational spot gold held steady around $4,178 per ounce amidst declining Treasury yields and softer crude oil.",
  "url": "https://trendkia.com/en/market/dussehra-para-sone-ki-kimaton-men-giravata-janie-delhi-mumbai-aura-chennai-men-24k-22k-aura-18k-ke-taja-reta-49699",
  "category": "Market",
  "publishedAt": "2026-10-20",
  "tags": [
    "Gold Price Today",
    "Dussehra Gold Rate",
    "24K Gold",
    "22K Gold",
    "MCX Gold",
    "Commodities Market"
  ],
  "language": "en",
  "site": "TrendKia"
}