Gold Price in India Falls 1.9% to USD 154,018,714/tonne
Gold Ten on the Indian market slipped 1.9% on the week to USD 154,018,714/tonne as of 2026-10-01, though it remains 0.2% higher on the quarter.
Gold Ten in India was quoted at USD 154,018,714/tonne as of 2026-10-01, down 1.9% from USD 157,054,315/tonne on 2026-09-24. The month change stands at -4.7% from USD 161,567,118/tonne on 2026-09-01. On the quarter, the price is up 0.2% from USD 153,704,959/tonne on 2026-07-03. The 52-week high of USD 169,717,124/tonne was recorded on 2026-08-25 and the 52-week low of USD 146,666,530/tonne on 2026-07-17.
Demand-side data point to softer Indian buying. According to ETRetail, India's official gold imports declined 57.75% to USD 2.3 billion in August 2026 following the May 13 customs duty hike. Moneycontrol reported that retail gold sales in India fell 8-10% year-on-year in September 2026 as price uncertainty and geopolitical tensions weighed on consumer sentiment.
On the supply side, the World Gold Council reported that domestic gold prices traded at a discount of USD 78/oz to import parity as of 11 September 2026 due to adequate local supply and old gold exchange. The latest quote of USD 154,018,714/tonne sits between the 52-week low of USD 146,666,530/tonne and the high of USD 169,717,124/tonne recorded during the year.