Gold prices in India experienced a general decline on October 20, 2026, affecting both 22-carat and 24-carat gold across the country. According to The Hindu BusinessLine, the national rate for 1 gram of 22-carat gold stood at ₹13,570, representing a drop of ₹80 from the previous day. The price for 8 grams of 22-carat gold was recorded at ₹1,08,560, a decrease of ₹640. These figures, sourced from bankbazaar.com, indicate a broad-based downward movement in the precious metal market.
The decline was consistent across major metropolitan centers. In Delhi, 22-carat gold was priced at ₹13,590 per gram, while in Mumbai and Pune, the rate was ₹13,540. Kolkata and Bhubaneswar recorded the highest prices among the cities listed, with 22-carat gold at ₹13,640 per gram. Conversely, Chennai, Coimbatore, and Hyderabad saw the lowest rates at ₹13,490 per gram for 22-carat gold. The 24-carat gold rate in Delhi was ₹14,270 per gram, down by ₹84, while in Kolkata it reached ₹14,322 per gram.
The price reduction extended to numerous tier-2 cities across the country. In Jaipur, Surat, and Vadodara, 22-carat gold was priced at ₹13,594 per gram. Nagpur and Indore reported rates of ₹13,540 per gram, while Lucknow, Chandigarh, Ludhiana, and Kanpur all recorded prices of ₹13,590 per gram. Cities in the south, including Madurai, Thrissur, and Vijayawada, maintained the lower price point of ₹13,490 per gram for 22-carat gold. The uniformity of the drop, with 22-carat gold falling by exactly ₹80 in every listed city, suggests a synchronized adjustment in the domestic market.
The 24-carat gold prices also mirrored this trend, with a consistent drop of ₹84 per gram across all reported locations. For instance, in Surat and Jaipur, 24-carat gold was priced at ₹14,274 per gram, while in Coimbatore and Chennai, it was ₹14,165 per gram. The 8-gram weight of 24-carat gold saw a decrease of ₹672, with prices ranging from ₹1,13,320 in lower-priced cities to ₹1,14,576 in higher-priced locations like Kolkata and Patna. This widespread decline provides a temporary reprieve for consumers and jewelers, although the sources do not specify the underlying global or domestic factors driving the price movement on this specific date.