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Indian Gold Prices Rise as Futures Gain on October 9
Gold prices in India were reported higher on October 9, 2026.
One report listed 24-carat gold at ₹15,071 per gram, with 22- and 18-carat gold also higher than the day before.
Another report said gold futures rose by more than 1% by noon.
The reports give different 24-carat price figures, so the quoted rates do not match exactly.
One report said festive-season buying supported the market.
Giottus CEO Vikram Subburaj said a rise in December futures alongside falling open interest suggested some traders were buying back positions they had bet against.
He said a move above ₹1,50,000 per 10 grams would be needed to signal stronger buying.
These reports describe different prices and trading measures, rather than one identical quote.
GoodReturns-listed prices were ₹15,071 per gram for 24-carat gold, ₹13,815 for 22-carat and ₹11,303 for 18-carat on October 9.
Those per-gram rates were up ₹114, ₹105 and ₹85, respectively, from October 8.
A separate report said MCX 24-carat gold futures gained ₹1,655, or 1.11%, to ₹1,51,265 per 10 grams by noon.
Reported 24-carat rates differed: GoodReturns was cited at ₹1,50,860 per 10 grams in one report and ₹1,50,710 when converted from another report’s per-gram figure.
Vikram Subburaj said December gold futures had risen 0.42% to ₹1,49,735 per 10 grams while open interest fell 0.75%, suggesting short-covering contributed.
- Who
- Gold buyers and market participants in India; Vikram Subburaj, CEO of Giottus, commented on futures trading.
- What
- Gold prices and futures were reported higher, though the reports cited different 24-carat retail prices and futures figures.
- Where
- India; the futures report cited trading on the Multi Commodity Exchange.
- When
- October 9, 2026; some comparisons were with October 8, and one futures quote was reported by noon.
- Why
- One report attributed support to festive-season buying; Subburaj said short-covering appeared to contribute to a separate futures rise.
Cautious reading
Signs of recovery
What the futures rise may indicate
Cautious reading
Subburaj said falling open interest suggested short-covering contributed to the rise, so it did not by itself confirm stronger buying.
Signs of recovery
Gold futures gained, and the second report said the recovery was supported by festive-season buying; Subburaj said a move above ₹1,50,000 per 10 grams would be needed to treat the recovery as stronger buying.
Key facts
- Date
- October 9, 2026
- GoodReturns rates per gram
- 24-carat ₹15,071; 22-carat ₹13,815; 18-carat ₹11,303
- Change from October 8
- 24-carat up ₹114, 22-carat up ₹105, and 18-carat up ₹85 per gram
- MCX futures by noon
- 24-carat gold futures rose ₹1,655, or 1.11%, to ₹1,51,265 per 10 grams
- Other reported retail rates
- Bullions listed 24-carat gold at ₹1,51,440 per 10 grams; GoodReturns was listed at ₹1,50,860 per 10 grams in the futures report
- Subburaj's futures figures
- December gold futures ended Thursday 0.42% higher at ₹1,49,735 per 10 grams; open interest fell 0.75%
- Price discrepancy
- The first report's ₹15,071-per-gram 24-carat rate converts to ₹1,50,710 per 10 grams, differing from the second report's GoodReturns quote of ₹1,50,860
Quotes
Vikram Subburaj
CEO of Giottus.com
“December gold ended Thursday 0.42% higher at ₹1,49,735 per 10 grams.”
indianexpress.com
Sources
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