Gold rates on October 15: Price of 24K, 22K, 20K, 18K and 14K gold inches higher across India

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Fine Gold (999) is trading at Rs 12,679 today, while standard 22K is at Rs 12,375. For lower purities of the yellow metal, 20K gold is at Rs 11,285, 18K at Rs 10,270, and 14K at Rs 8,178. These rates, release by the India Bullion and Jewellers Association, are all-India averages and exclude GST, making charges and local premiums.

How this compares with yesterday

These prices are modestly higher compared to yesterday. Fine Gold (999) is up Rs 111 per gramme, while 22K has risen by Rs 108. 20K is higher by Rs 99, 18K by Rs 90, and 14K by Rs 72. Each segment is showing almost a 0.9 percent increase in price.

In 10-gramme terms, that’s a day-on-day increase of Rs 1,110 for 999, Rs 1,080 for 22K, Rs 990 for 20K, Rs 900 for 18K and Rs 720 for 14K from October 14.

What’s driving the move

The tone remains supported by festive demand and lingering global uncertainty, which has kept safe-haven interest alive. Retail buying into lighter 18K pieces and steady wholesale restocking also help explain these prices.

City and shop variation

Prices can vary by city and store due to local premiums, logistics, and design complexity. Metro centres with heavier footfall may show a slightly wider spread between buy and sell rates, while neighbourhood stores sometimes quote sharper rates but add higher making charges on intricate work. Always benchmark the per-gramme base rate against the day’s all-India average, then evaluate the design-specific making charge separately.

Buyer checklist

Insist on BIS hallmarking that matches the caratage on your invoice. Lock the price with a proper tax invoice if you’re booking in advance. Ask for the weight breakdown (gold weight vs stones/other materials) so the effective price per gram is transparent. For coins and bars, compare buyback policies—small differences in deductions can matter when prices move quickly.

Bottom line

Gold opened firmer across purities, extending last week’s positive tone. If you’re buying, today’s print adds a small premium over Sunday; if you’re selling or exchanging old jewellery, the broad-based uptick works in your favour.