As of today, the price of gold in India is set at Rs 14,918 per gram for 24-carat gold, Rs 13,675 per gram for 22-carat gold, and Rs 11,189 per gram for 18-carat gold, according to Good Returns.
On October 3, 2026, the price for 24K gold in India saw a decline of Rs 110 compared to the previous day, October 2. The current rates for 22K and 18K gold also reflect decreases of Rs 100 and Rs 82, respectively, with prices resting at Rs 13,675 per gram for 22K and Rs 11,189 per gram for 18K gold.
In Yemen, recent hostilities have intensified significantly, with military forces conducting 474 operations within just 24 hours. This escalation has resulted in approximately 1,540 casualties among Houthi forces, either killed or injured. Additionally, the Saudi-led coalition successfully intercepted three Houthi ballistic missiles aimed at southern Saudi Arabia.
In Gaza City, medical personnel at al-Shifa Hospital reported to Al Jazeera that an Israeli airstrike on a residential building in the western sector resulted in the deaths of at least five individuals, including four women, and left at least six others in critical condition.
Neil Atkinson, the former head of the Oil Industry and Markets Division at the IEA, commented that although the G7’s strategic release of oil provides immediate, short-term relief, it does not address the underlying structural deficiencies in the market. In an interview with Al Jazeera, Atkinson emphasized that after seven months of conflict in the Middle East, global supplies of crude oil and refined products remain significantly below the levels seen prior to the war.
A maritime ceasefire facilitated by the United States and Iran in mid-June 2026, intended to protect crucial commercial shipping routes, has now disintegrated. This breakdown has led to a resurgence of missile attacks and increased risks at sea. Following the collapse of this agreement, both nations have resumed military actions and halted all official diplomatic communications.
The abrupt disturbance in global energy markets has sparked a substantial rally in safe-haven assets, causing domestic gold prices to surge alongside international spot prices, influenced by recent changes in import taxation and fluctuations in foreign exchange rates.
