Archive · 2 Oct 2026
Gold Prices Volatile as Indian Market Closes for Gandhi Jayanti
Gold prices were changing up and down.
On October 2, India’s bullion market was closed for Gandhi Jayanti.
This meant there was no new physical-market trading that day.
Before the holiday, gold in Delhi cost Rs 1,49,800 per 10 grams, including taxes.
Gold futures are contracts that track the expected price of gold.
On the Multi Commodity Exchange, 24-carat gold futures fell slightly.
They dropped by Rs 142 to Rs 1,47,724 per 10 grams.
Investors were watching gold markets in India and around the world.
India’s bullion market was closed on October 2 for Gandhi Jayanti.
Delhi gold prices had reached Rs 1,49,800 per 10 grams before the holiday.
The Delhi figure included applicable taxes.
MCX 24-carat gold futures fell 0.1%, or Rs 142, to Rs 1,47,724 per 10 grams.
Investors monitored movements in domestic and international bullion markets amid price volatility.
- Who
- Investors and participants in India’s domestic bullion market and the Multi Commodity Exchange.
- What
- Gold prices were volatile, while the Indian bullion market was closed and 24-carat gold futures declined.
- When
- October 2, 2026; the market was closed for the Gandhi Jayanti holiday.
- Where
- India, with Delhi prices cited and futures traded on the Multi Commodity Exchange.
- Why
- Investors were tracking movements in domestic and international bullion markets.
- Date
- October 2, 2026
- Holiday
- Gandhi Jayanti
- Market status
- The Indian bullion market was closed, with no fresh physical-market trading activity.
- Delhi gold price
- Rs 1,49,800 per 10 grams before the holiday, including applicable taxes.
- Contract
- 24-carat gold futures on the Multi Commodity Exchange
- Futures price
- Rs 1,47,724 per 10 grams
- Daily change
- Down 0.1%, or Rs 142, from Rs 1,47,866 per 10 grams