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Gold Climbs Rs 400 to Rs 1.5 Lakh per 10 Gm as Festive Buying Elevates Demand

Jewellery brands and bullion traders reported lower 22K rates as festive demand and firm global trends kept prices supported.

  • Gold and silver prices decreased across major Indian jewellery brands on Tuesday, October 20, 2026, marking a shift from the previous day's trading levels.
  • Earlier in the week, improving festive demand ahead of Diwali and Dussehra initially supported gold prices, though recent market fluctuations have since tempered this upward momentum.
  • As of October 20, 2026, 24k gold stood at Rs 14,717 per gram, while 22k and 18k gold prices were Rs 13,490 and Rs 11,038 per gram respectively.
  • Global precious metal prices remain sensitive to geopolitical tensions; risks to shipping through the Strait of Hormuz intensified after a 60-day US-Iran maritime armistice disintegrated in mid-2026.
  • Analysts from HDFC Securities expect retail demand to strengthen ahead of Diwali, though potential US Federal Reserve rate hikes could constrain global precious metal prices.
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StartupTalky broke the news on Monday, October 19, 2026.
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