Gold has had a bumpy week. Between October 20 and October 23, 2026, 24-carat gold fell by about ₹5,560 per 10 grams, according to price trackers, before recovering a little. On October 27 it was quoted at about ₹1,42,850 per 10 grams, slightly lower again on the day. With Dhanteras on Friday, November 6 and Diwali on November 8, many families are asking the same thing: buy now, or wait?
Gold rate this week at a glance
- October 23: about ₹1,42,830 per 10 grams (24-carat), after a sharp fall that week
- October 24: a small recovery in some markets
- October 27: about ₹1,42,850, down about 0.5% on the day
- International price: Comex gold near $4,023 an ounce on October 27
Quotes differ slightly between sources and cities because of local taxes, transport costs and jewellers’ margins. Always check the rate at the shop or the IBJA reference rate on the day you buy.
Why gold fell
Indian gold prices mostly follow two things: the international price in dollars and the rupee-dollar exchange rate. This week, global gold and silver both slipped as some of the safe-haven buying of recent months eased, and Indian rates followed. Profit-taking after a strong run earlier in the year also played a part. None of this tells us where prices go next; gold can swing several percent in a week either way.
Buying for Dhanteras: practical tips
- Check hallmarking: buy only BIS-hallmarked jewellery with the six-digit HUID code, which you can verify on the BIS Care app.
- Ask for the making charge separately: it can range widely and is where most of the difference between shops lies.
- Remember GST: 3% on the gold value plus 5% on making charges.
- Consider buying in parts: instead of one large purchase on one day, buying smaller amounts over a few weeks reduces the risk of buying at a short-term high.
- For investment, not wearing: gold ETFs or gold mutual funds avoid making charges and purity concerns.
For the full festival guide, see our Dhanteras 2026 date and gold buying guide, and for a longer view, 5 smart moves to protect your savings with gold.
Quick answers
What is the gold rate today in India? 24-carat gold was about ₹1,42,850 per 10 grams on October 27, 2026. Check today’s rate with your jeweller or IBJA.
Why did the gold price fall this week? Global gold prices eased and Indian rates followed, with some profit-taking after earlier gains.
When is Dhanteras 2026? Friday, November 6, 2026.
Will gold get cheaper before Dhanteras? Nobody can predict short-term moves reliably. Prices could rise or fall before November 6.
Should I buy gold before Dhanteras 2026 or wait? No one can time the market reliably. Many buyers split purchases across a few weeks instead of buying everything on one day.
What is the 22 carat gold rate today? It is usually about 8% to 9% lower than the 24 carat rate. Ask your jeweller for the day’s exact 22 carat price.
Questions to think about
- Is buying gold on Dhanteras still about tradition, or has it become mainly an investment decision?
- Should jewellers be required to display making charges as clearly as the gold rate?
- With gold this expensive, are lighter-weight and 18-carat designs the future for festival buying?
Sources: gold rates as reported by StartupTalky, goldpriceindia.com and Goodreturns-based coverage, October 2026; Comex price as reported by StartupTalky. This is general information, not investment advice.
