Gold Petal Price in India Falls 2.0% to USD 153,661,603/tonne

Gold Petal in India was quoted at USD 153,661,603/tonne as of 2026-10-01, down 2.0% from USD 156,805,252/tonne on 2026-09-24. The monthly change stands at -4.8% from USD 161,335,420/tonne on 2026-09-01. The quarter change is +0.0% from USD 153,620,939/tonne on 2026-07-03, while the year change is +16.2% from USD 132,182,684/tonne on 2025-10-01. The 52-week high is USD 191,584,607/tonne on 2026-01-29 and the 52-week low is USD 131,775,625/tonne on 2025-10-03.

According to the Ministry of Commerce, India's gold imports fell 57.75% to USD 2.3 billion in August 2026 following the May 13 customs duty hike from 6% to 15%.

The World Gold Council reported that domestic gold prices traded at a discount of USD 78/oz below import parity as of September 11, 2026, due to increased recycling of old gold. The India Bullion and Jewellers Association reported that retail gold sales in India declined 8-10% in September 2026 compared to the previous year due to price uncertainty and geopolitical tensions.