Major Indian jewellery chains kept gold prices mostly unchanged on October 16, 2026. Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹13,515 per gram across most states, while Tanishq quoted ₹13,555. For 24K gold, Malabar quoted ₹14,744 per gram and Tanishq ₹14,787, the latter estimated from the prevailing purity premium. Higher interest rates remain a headwind for non-yielding gold, and retail purchases attract 3% GST on the metal's value and 5% GST on making charges.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on businesstoday.in ↗
Related news
- Gold, silver prices on October 18: Check latest rates in Delhi, Mumbai, Kolkata, other cities
Higher interest rates continue to weigh on gold, which pays no yield, while markets watch global economic risks and rising geopolitical tensions in the Middle East. Gold prices in India follow international spot bullion, USD/INR currency moves and retail demand ahead of the festival season. Leading jewellers kept prices mostly unchanged on October 18, 2026: Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹13,535 per gram in most states, while Tanishq listed ₹13,575. For 24K gold, Malabar quoted ₹14,765 per gram and Tanishq ₹14,809 (estimated). Small price gaps between brands reflect store-level pricing, inventory costs and regional logistics.
- Gold , Silver Rate Today Live Updates : Check latest prices , October trends and market updates
Gold prices in Delhi were unchanged on October 19 from October 18, at ₹14,781 per gram for 24K, ₹13,550 for 22K and ₹11,089 for 18K, but still below their October 12 levels. On the MCX, December gold futures fell 2.4% over the past week to about 1.47 lakh per 10 grams, while silver dropped 6.4% to 2.11 lakh per kg. The per-gram price may differ from the final jewellery bill, which can include GST and making charges. Gold prices in Delhi are influenced by international bullion rates, currency exchange movements and local demand.
- Gold price , silver rate suffer weekly losses . Check latest gold rate predictions
- Petrol and diesel prices today , October 18 : How much does fuel cost in Delhi , Mumbai , Bengaluru
Petrol and diesel prices in major Indian cities held steady on October 18, as oil marketing companies announced no revisions. Fuel prices vary by state and city because of local VAT, freight charges and other local factors, even as global crude prices fluctuate amid Middle East tensions. In New Delhi, petrol sells for 102.12 rupees per litre and diesel for 95.20, while Mumbai charges 111.21 and 97.83 respectively. The article also lists Chennai, Kolkata, Bengaluru and Hyderabad, where petrol is highest at 116.15 rupees per litre. State-run companies revise prices daily at 6:00 AM based on a 15-day rolling average of international benchmarks and the rupee-dollar exchange rate.
- Petrol and diesel prices today , October 16 : How much does fuel cost in Delhi , Mumbai , Bengaluru
State-run oil companies kept petrol and diesel prices unchanged in the 6:00 AM revision on Friday, despite the US-Iran war pushing up global crude and fuel costs. CNG prices rose in eight locations, with Chennai, Mathura and Meerut seeing the biggest increases of ₹2 each. In Mumbai, petrol stayed at ₹111.21 per litre. Brent fell 0.39% to $105.51 a barrel and WTI dropped 0.55% to $97.43 as the IEA agreed to release over 20 million barrels of diesel, though investors remained sceptical that these measures would cool the market. Attacks around key shipping routes have surged over the past 10 days, and Washington is weighing lifting sanctions on some “shadow fleet” tankers to ease record-high freight rates.
- Gold rate today ( October 17 , 2026 ): Check 24k , 22k , 20k and 18k gold jewellery prices from IBJA , Malabar Gold & Diamonds , Joyalukkas , Kalyan Jewellers and Tanishq
Related markets
Latest news
- Intel stock pops after JPMorgan gives a Neutral upgrade
JPMorgan (JPM) upgraded Intel (INTC) to Neutral from Underweight. The note points to improving execution under CEO Lip-Bu Tan, potential foundry customers for next-generation manufacturing, and rising earnings estimates for 2027 and 2028.
- Intel leads chip stocks higher as investors jump back into AI trade
Chip stocks rebounded on Monday as investors bought the dip after last week's steep AI trade sell-off. The PHLX Semiconductor Index (^SOX) rose 2%, reversing a recent semiconductor rout. Intel (INTC) jumped 5% after JPMorgan upgraded the stock to Buy, citing "solid execution." Nvidia (NVDA) and AMD (AMD) also gained, while a Goldman Sachs upgrade of CoreWeave (CRWV) to Buy from Neutral helped lift AI sentiment. Arm Holdings (ARM), Micron Technology (MU) and SK Hynix (SKHY) also rebounded after sharp declines last week.
- Netflix stock is down roughly 25% in 2026 as Q3 earnings loom
Netflix (NFLX) reports third-quarter results after the bell on Tuesday, with the stock down more than 25% this year and closing Friday near $70, versus $93.76 at the end of 2025. Investors are worried about slowing viewership, competition from YouTube, and live sports moving to Amazon Prime Video and HBO Max. Last week Netflix cut about 6% of its workforce (roughly 1,000 employees) and named Peter Rice its new chief content officer, and five firms lowered price targets in October. Analysts expect EPS of $0.82 on revenue of $12.88 billion, up about 12% from a year earlier, in line with Netflix's own forecast. KeyBanc's Justin Patterson wants more content investment, product changes, expense cuts and a possible first-ever dividend.
- Cleveland-Cliffs Jumps 10% on Strongest Quarter in Three Years; Nucor and Steel Dynamics Edge Higher
Cleveland-Cliffs (CLF) rose 10% to $13.29 after reporting third-quarter adjusted EBITDA of $612 million, beating its $575 million guidance and up sharply from $143 million a year earlier. Revenue of $5.61 billion missed the $5.72 billion expected, though sales rose 18.6% year over year on a higher average net selling price of $1,177 per ton and larger shipments. Management said imports remain well below historical levels, but it indefinitely idled the galvanizing lines at its Canadian unit Stelco due to oversupply. The company guided to about $715 million of adjusted EBITDA in Q4 and said 2027 adjusted EBITDA should exceed $4 billion based on current index price forecasts. Its target is to bring net debt to EBITDA below 2.5x by mid-2027.
- Tech rebounds as semiconductor stocks jump: AlphaCheck
Stocks were mostly higher on Monday as investors turned their focus to earnings season, with semiconductor stocks rebounding after last week's sharp sell-off. The Tech sector (XLK) rose, led by Nvidia (NVDA), AMD (AMD), Micron (MU) and SK Hynix (SKHY). Intel (INTC) also jumped after JPMorgan analysts upgraded the stock, while CoreWeave (CRWV), hammered last week, rebounded on a Goldman Sachs upgrade. Investors are watching this week's reports from Netflix (NFLX), SpaceX (SPCX), Tesla (TSLA) and Meta (META). The 10-year Treasury (^TNX) yield hovered near 5.1%, while Brent crude (BZ=F) dropped to $108 per barrel and WTI (CL=F) hovered below $98.
- AI capex may be Meta's biggest earnings test
Meta Platforms (META) reports third-quarter earnings after the close on Wednesday, alongside a wave of Big Tech peers. The GAAP EPS estimate is $3.54, though that figure may be messy because a legal settlement will be included and analysts differ on how it will be accounted for. Options imply a 3.2% move in either direction, the smallest since the fourth-quarter report before last. Estimates for next year's capex vary widely: Wedbush near $250 billion, Evercore ISI $210 billion, Bank of America $205 billion and Dan Ives around $194 billion. Most analysts say that spending is acceptable if Meta provides a Muse roadmap and confidence it can monetize it, and the stock is up about seven and a half percent year to date.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.