Gold rate today has dropped across major Indian cities for 24, 22 and 18 carat purity levels amid rising Middle East tensions and a stronger US dollar. The retail price in India stands at ₹14,826 per gram for 24 carat gold, ₹13,590 per gram for 22 carat gold, and ₹11,119 per gram for 18 carat gold.
The price of 24K gold on October 14, 2026, reflects a decrease of ₹103 compared to the previous day. Similarly, 22K and 18K gold prices recorded decreases of ₹95 and ₹78 respectively over the rates on October 13.
According to Vikram Subburaj, CEO of Giottus.com, gold and silver futures are currently under pressure in the domestic market with silver seeing a sharper correction. MCX December gold futures were quoted at ₹1,48,274 per 10 grams, down 0.85 percent from the previous close of ₹1,49,543. December silver futures stood at ₹2,18,850 per kg, down 1.81 percent from the previous close of ₹2,22,877.
Key Points Of The Gold Rate Today Drop
- The national retail price for 24 carat gold stands at ₹14,826 per gram after dropping ₹103.
- MCX December gold futures fell 0.85 percent to quote at ₹1,48,274 per 10 grams.
- Spot gold internationally fell 0.3 percent to $4,157.90 an ounce.
- Rising geopolitical tensions in West Asia and a firm US dollar continue to impact precious metal movements.
International Market Factors And US Dollar Impact
The international backdrop remains challenging for bullion investors as a firm US dollar weighs heavily on market sentiment. Spot gold fell 0.3 percent to $4,157.90 an ounce, while US December gold futures settled 0.3 percent lower at $4,177.30.
Investors are currently waiting for US inflation data and comments from Federal Reserve Chair Kevin Warsh for clearer signals on the interest-rate outlook. These macroeconomic indicators are guiding near-term price trajectories across international and domestic markets.
City Wise Rate For Precious Metals
Gold prices vary slightly across different regions in India based on local taxes and levies. In Chennai, 24K and 22K gold stand at ₹14,826 and ₹13,590 per gram respectively, while 18K is priced at ₹11,165. In Mumbai, Kolkata, Bangalore, and Hyderabad, 24K is ₹14,826, 22K is ₹13,590, and 18K is ₹11,119 per gram.
Delhi records 24K gold at ₹14,841, 22K at ₹13,605, and 18K at ₹11,134 per gram. Pune lists 24K at ₹15,826, 22K at ₹13,590, and 18K at ₹11,119 per gram. Vadodara and Ahmedabad report 24K gold at ₹14,831, 22K at ₹13,595, and 18K at ₹11,124 per gram.
Tensions In West Asia And Middle East Conflicts
Geopolitical instability in the Middle East has intensified following a Houthi warning designating Saudi oil infrastructure as legitimate targets. A subsequent strike hit an Aramco building in Dhahran, sparking a minor fire with no reported injuries, according to the Saudi energy ministry. In response, the Saudi-led coalition launched retaliatory strikes against Houthi energy terminals and fuel storage reserves in Yemen.
Coalition spokesperson Turki al-Maliki stated that precautions were taken to minimize civilian collateral damage, while air defense systems intercepted and destroyed a cruise missile over the Al-Kharj governorate in Riyadh province. Meanwhile, a 60-day maritime armistice brokered by the US and Iran in mid-June 2026 has disintegrated, replacing brief shipping lane stability with renewed missile strikes and mounting maritime risk.
Frequently Asked Questions
What is the gold rate today in India?
The gold rate today in India stands at ₹14,826 per gram for 24 carat gold, ₹13,590 per gram for 22 carat gold, and ₹11,119 per gram for 18 carat gold, reflecting a decrease across all purities.
Why are gold prices dropping amid Middle East tensions?
While geopolitical tensions typically drive safe-haven rallies, current domestic and spot gold prices are also facing downward pressure from a firm US dollar, profit booking, and market anticipation of upcoming US inflation data.
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