Gold Ten Price in India Falls 1.9% to USD 164,086,873/tonne
The weekly decline leaves prices 7.5% higher than a month earlier, with policy and demand developments from India shaping the background.
Gold Ten in India was quoted at USD 164,086,873/tonne as of 2026-09-04, down 1.9% from USD 167,189,281/tonne on 2026-08-28. On a monthly basis the price is up 7.5% from USD 152,643,222/tonne on 2026-08-05.
The 52-week high stands at USD 169,717,124/tonne, recorded on 2026-08-25, while the 52-week low is USD 146,666,530/tonne, recorded on 2026-07-17. The latest quote sits below the high and above the low within that range.
Two developments bear on the Indian market. The Central Board of Indirect Taxes and Customs hiked the gold import tariff value to $1,500 per 10 grams, announced on 2026-08-26. Earlier, the World Gold Council reported on 2026-08-19 that jewellery and inventory demand had increased ahead of the festive season, and that gold imports rebounded to 40-45 tonnes in July.
Policy measures have been in place since earlier in the year. The Government of India implemented a 15% effective import duty from 2026-05-13. The combination of the duty framework, the revised tariff value and seasonal demand forms the backdrop to the latest weekly movement, with the price change over the week standing at -1.9% and the change over the month standing at +7.5%.