October 21 2026 Gold Rates Drop Across Major Indian Jewelers

Overview of October 21 2026 Gold Rates

Retail gold and silver prices decreased on Wednesday, October 21, 2026, at prominent brands including Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas. Meanwhile, the 22k gold price at Tanishq remained steady compared to the previous day.

Indicative retail selling rates published by the India Bullion and Jewellers Association (IBJA) also recorded a decline for both precious metals as market participants monitored broader economic factors such as rupee appreciation and elevated crude prices.

Brand-Wise 22k Gold Pricing

Jewelry buyers tracking gold rate today hyderabad, Chennai, Mumbai, and other urban centers noted varied movements across leading retail chains. As of October 21, 2026, Tanishq maintained its 22k gold jewelry price at Rs 13,340 per gram across major cities including New Delhi, Bengaluru, Coimbatore, and Thiruvananthapuram, holding firm from October 20.

In contrast, retail rates at Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers all adjusted downward to Rs 13,390 per gram on October 21, 2026, dropping from Rs 13,490 per gram the day before.

IBJA Indicative Rates and Market Trends

The IBJA morning rates for October 21, 2026, showed fine gold (999 purity) dropping by ₹188 to stand at ₹14,406 per gram, down from ₹14,594 per gram on October 19. Similarly, 22-karat gold decreased by ₹184 to ₹14,060 per gram, 20-karat slipped to ₹12,821 per gram, 18-karat reached ₹11,669 per gram, and 14-karat was recorded at ₹9,292 per gram. Silver (999 purity) fell by ₹2,900 to settle at ₹2,05,850 per kilogram.

Analyst Outlook and Global Pressures

Industry experts note that gold and silver remain under pressure due to rising oil costs reviving inflation concerns ahead of the upcoming Federal Reserve meeting scheduled for October 27–28. Supply fears have also intensified due to tanker attacks in the Strait of Hormuz alongside ongoing geopolitical tensions in the Middle East and Eastern Europe.

Market tools indicate a low probability of an October rate hike by the Federal Reserve, while December expectations remain strong. Analysts observe that gold continues to hold within a support zone, with future movements depending on whether it sustains key thresholds or breaks toward lower targets.

Sources: The Economic Times, The Economic Times, bfsi.economictimes.indiatimes.com, The Indian Express.