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Gold rate today (November 3, 2026): Check 24k, 22k, 20k and 18k gold jewellery prices from Malabar Gold & Diamonds, Kalyan Jewellers, Tanishq & IBJA in Delhi, Mumbai, Hyderabad & more cities
Gold rates tpday: Gold prices for 22k jewellery have increased across major brands in India as Dhanteras approaches. while, gold and silver jewellery indicative prices at the India Bullion and Jewellers Association (IBJA) also increased today.
Gold firms on softer oil prices, US midterm results awaited
Gold prices experienced a modest uptick in early Asian markets, spurred by a decline in oil prices that has helped ease inflationary concerns. This shift is shaping investor expectations around potential actions from the Federal Reserve. Attention is also focused on the US midterm election outcomes, which could influence market volatility, while India's gold demand faces a projected six-year low amidst high prices affecting sales.
India’s illegal gold imports surge 1,500% after tax hike
India's illegal gold imports surged dramatically in the third quarter of 2023, reaching 50 metric tons. This rise is attributed to the government's recent duty hike on gold and silver imports. The increase in informal shipments is linked to previous tax increases that incentivized smuggling and cash sales. Gold demand typically rises during major festivals, though year-on-year metrics indicate a decline.
Indians refuse to cash in on gold in their lockers hoping for a better price
India’s gold demand is expected to fall to a six-year low of around 650 tonnes in 2026 as record prices, rising living costs and a weak monsoon weigh on jewellery purchases and investment, according to the World Gold Council (WGC).
India's gold bar game is next only to China despite 40% investment plunge
India’s gold investment demand rose 12% quarter-on-quarter to around 60 tonnes in the September quarter, although it remained below year-ago levels as easing price momentum and higher import duties weighed on buying, the World Gold Council said.
India's 2026 gold demand seen falling to six-year low on price rise: World Gold Council
India's gold demand is expected to fall to a six-year low of around 650 tonnes in 2026 as record-high prices, rising living costs and a weak monsoon weigh on jewellery purchases and investment demand, the World Gold Council (WGC) said.
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Gold demand gains traction as market enters key festive & wedding season
Bar and coin demand, meanwhile, has reportedly moderated as price momentum has eased, tempering some of the investment-related buying seen during the earlier price rally.
Digital gold purchases surge 83% to Rs 2,590 crore in September
According to the World Gold Council (WGC), September purchases rose 4% from August while volumes touched 1.7 tonnes, 18% above the long-term monthly average. In January-September, digital gold purchases climbed 76% to 16.3 tonnes from 9.2 tonnes in the corresponding period last year, reflecting growing appetite for accessible gold investments.
India's gold import route changing course for a benefit all jewellers want
India is diversifying its gold import sources as expanding domestic refining capacity, tax incentives and the India-UAE trade pact reshape supply chains. Switzerland’s share of India’s bullion imports fell to 21.9% in FY26 from 42.4% five years earlier, while the UAE’s share rose to 16.5% from 10.8%, according to Crisil Intelligence.
India’s hidden gold chest is giving imported bullion a run for its money
Soaring gold prices are prompting Indians to exchange old jewellery for new designs this festive season rather than cut back on purchases. Old-gold exchanges now account for over 50% of transactions at Tanishq, more than 55% of sales at Kalyan Jewellers and 73% at Joyalukkas in August.
Indians may heed PM Modi's gold message this festive season, with a twist
India’s festive gold demand is likely to be stronger in value but weaker in volume this year as record prices, higher import duties and Prime Minister Narendra Modi’s call for restraint weigh on purchases. IBJA expects Modi’s appeal to curb gold buying to potentially reduce festive sales and imports by 10–12%.
Illegal gold imports surge in India: Smuggled gold selling up to Rs 8,000 cheaper is distorting bullion market & hurting legitimate dealers
Smuggled gold is distorting India's bullion market, impacting legitimate dealers and jewelers. Higher import duties have made the grey market increasingly attractive for gold. Industry estimates suggest over one hundred tonnes could enter India illegally this year. This development occurs while revenue intelligence agencies intensify their crackdown on smuggling. Jewellery council chairman suggests reducing import duties to boost exports.
PM Modi's call to cut gold purchases & 15% tax change India's import numbers
Modi’s renewed call to curb gold purchases comes as the government seeks to reduce India’s gold import bill and put some of the estimated 31,000 tonnes of household-held gold into circulation. Gold imports fell each month after a similar appeal in May — by nearly 4% in May, 20% in June, 23.7% in July and nearly 30% in August.
Social Impact Summit 2026: Recycled gold powers circular economy
The significance of gold in India's circular economy is on the rise, with various stakeholders prioritizing transparency and trust in gold sourcing. Malabar Gold & Diamonds caters to a remarkable eighty percent of its demand through recycled gold. Meanwhile, younger consumers are increasingly seeking knowledge about gold's ethical origins. Furthermore, the financialization through gold ETFs and loans bolsters support for households and ventures alike.
Gold rate today (September 3, 2026): Check 24k, 22k, 20k, 18k gold jewellery prices from Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers, Tanishq & IBJA in Delhi, Mumbai, Hyderabad & more cities
Here are the latest 22k gold jewellery rates from from Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers and Tanishq in New Delhi, Mumbai, Chennai, Kolkata, Trivandrum and Bengaluru. Also see the latest 24k , 22k, 20k, 18k and 14k gold prices and the 999-purity silver rate from the Indian Bullion & Jewellers Association (IBJA) today.
Surging gold prices drive record margins despite mining costs rising 16% in Q1'26: World Gold Council
Gold producers achieved record margins and cash flows in early 2026. Rising royalty payments significantly increased mining costs during this period. Despite higher expenses, gold prices surged to historic highs. Miners maintained capital discipline, returning substantial funds to shareholders. Supply chain disruptions are expected to further impact costs in the next quarter.
The business shift in India's ₹7 lakh crore market amid gold cost pressure
Indian jewellery sales show resilience despite lower gold volumes. Consumers now buy lighter pieces and focus on value per gram. Organised jewellers are expanding by offering diamonds and newer designs. Recycled gold is becoming a significant growth driver for retailers. The market is shifting towards branded retail and experience-driven environments.
Gold gets its glitter back as Indian buyers return ahead of wedding and festive season
India’s gold demand is recovering after June’s price correction, with jewellery purchases, imports and retailer stocking picking up ahead of the festive season. Gold ETFs also continue to attract investors, while old-gold exchanges are helping consumers manage elevated prices.
Indian gold industry forms self-regulatory body with WGC backing
The World Gold Council (WGC) has collaborated with India's gold industry to establish the Indian Association for Gold Excellence and Standards (IAGES). This aims to enhance consumer confidence and trust by promoting fair practices, regulatory compliance, and a strict audit framework. The association will include industry bodies like IBJA, GJC, and GJEPC, with the WGC supporting the initiative to popularise IAGES among retail consumers and finance the campaign.
Digital gold biz: WGC asks Finmin, RBI to draft guidelines
The World Gold Council (WGC) has requested the Union finance ministry and Reserve Bank of India to establish guidelines and regulatory frameworks for the digital gold business in India. The council aims to protect digital gold and promote transparency in buying and holding gold. With over 120 million customers already buying digital gold, WGC urges the government to align regulations with the broader economic agenda.
Central banks bought the most gold since 1967 last year, WGC says
Buying dipped during the coronavirus pandemic but accelerated in the second half of 2022, with central banks purchasing 862 tonnes between July and December, according to the WGC.
Global gold demand rises 28% to 1,181.5 tonnes in September quarter: WGC
Among large buyers were the central banks of Turkey, Uzbekistan, Qatar and India, but the WGC said a substantial amount of gold was also bought by central banks that did not publicly report their purchases. It did not give any details on which countries these could be, but banks that do not regularly publish information about their gold stockpiles include those of China and Russia. Purchases of gold bars and coins also surged in Turkey to 46.8 tonnes in the quarter, up more than 300% year-on-year, as people bought gold to shield themselves from rampant inflation.
Gold smuggling may rise 33% in 2022: WGC
However, despite duty hike, inflation and uncertainty, WGC has pegged this year's gold consumption at 800 tonnes, which is a shade higher than 797 tonnes consumed in 2021.
World Gold Council member cos paid $8.7 bn in wages, S$7.6 bn in taxes in 2020: Report
Gold mining employees are well paid, the report added. Wages among WGC member companies are on average six times higher than the national average.
Central banks bought most gold in 2018 since 1967: WGC
The world consumed 4,345.1 tonnes of gold in 2018, up from 4,159.9 tonnes in 2017
33 executives of ICICI Securities quit to join WGC Wealth
WGC, which owns 38% in Dewan Housing Finance, entered the wealth management space in August by hiring Atul Singh, former CEO of Julius Baer Wealth Advisors India as its CEO.
Gold Q1 imports down 50% due to down-stocking by traders: WGC
The net imports in 2017 stood at 888 tonnes and 558 tonne in 2016.
India's Q1 gold demand up 15% on positive mood: WGC
The total demand stood at 167.1 tonnes during the corresponding quarter last year, according to WGC 'Gold Demand Trends First quarter 2015' report.
India's gold imports down 5.7% in Q1 2013; demand up 27%: WGC
Gold demand in India, the world's largest consumer, rose by 27 per cent to 256.5 tonnes in the first quarter of 2013, World Gold Council said today.
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