Gold Price Today 17 October 2026: Latest gold prices released in bullion market, know the rates of 24K, 22K and 18K in major cities including Lucknow, Delhi.

Ahead of the festive season, Karva Chauth, Dhanteras and Diwali shopping, gold prices are seeing a mixed trend in the Indian bullion markets. Amidst geopolitical tensions and fluctuations in crude oil in the global market, gold prices remained stable in the domestic market on Saturday, October 17, 2026. At the national level, the price of 24 carat pure gold (99.9% purity) has been recorded at approximately ₹1,47,430 per 10 grams (₹14,743 per gram). At the same time, the price of 22 carat gold (91.6% purity), which is most used in jewelery making, stands at the level of ₹ 1,35,140 per 10 grams (₹ 13,514 per gram). The price of 18 carat gold, popular for budget and lightweight jewellery, remained at ₹1,10,570 per 10 grams. From Sarafa Bazaar, Aminabad and Mahanagar, the historical square of Lucknow, the capital of Uttar Pradesh, to major jewelery outlets across the country, the rush of buyers has increased.

There is a slight variation in the price of gold in different cities due to local VAT, octroi and transportation costs applicable in different states. On October 17, 2026, retail bullion rates in major cities of the country have been recorded as follows:

(Note: The figures given above are the base prices of bullion market. 3% GST and making charges are added separately in the final retail billing.)

It is most important to understand purity while buying jewellery:

• 24 Karat Gold (999 Purity): This is the purest form of gold. Since it is very soft and flexible, it is not used in making general jewellery. It is mainly purchased for investment in pure gold biscuits, bars and coins.

• 22 Karat Gold (916 Purity): It contains 91.6% pure gold and the remaining 8.4% is mixed with alloys like copper or silver. This mixture adds strength to the metal from which traditional heavy jewellery, bangles and mangalsutras are made.

• 18 Karat Gold (750 Purity): It contains 75% pure gold and 25% other metals. It is mainly used in diamond studded jewellery, rose gold and modern trendy designs, as it is more hard and durable.

Many times customers estimate the total price of jewelery based on the rates seen on display, whereas there is a fixed formula for final billing at the jeweller’s counter:

$$\text{Final Gold Price} = (\text{Gold Rate} \times \text{Weight in Grams}) + \text{Making Charges} + \text{3\% GST}$$

Jewelers usually charge 10% to 18% making charge depending on the design of the jewellery. After this, 3 percent Goods and Services Tax (GST) is added on the entire amount. During the festive season, many big brands offer 25% to 50% discount on making charges, which gives direct savings to the customers on the bill.

To avoid any fraud regarding purity while buying gold, make sure to check the hallmark symbol of Bureau of Indian Standards (BIS). According to the rules of the Central Government, now all gold jewelery has a 6 digit alphanumeric number. HUID (Hallmark Unique Identification) Code is mandatory. The BIS logo, purity grade (such as 22K916 or 18K750) and HUID number are laser engraved on the jewellery. Customers can instantly check the purity, weight and authenticity of the jeweller’s registration by visiting the ‘BIS CARE’ mobile app and entering the HUID code of the jewellery. Apart from this, never forget to get a confirmed GST invoice, in which the weight of the jewelery and the making charges are clearly mentioned separately.