Gold Rate: Dubai vs India Gold Prices on October 16, 2026

Written by: Team Angel OneUpdated on: 16 Oct 2026, 3:21 pm IST

Gold prices in India were higher than Dubai on October 16, 2026, with the 24K rate showing a gap of ₹18,716.57 per 10 grams.

Gold prices were different across Indian cities on October 16, 2026, with Chennai recording the highest 24K rate among the cities listed. Dubai continued to offer lower quoted rates for both 22K and 24K gold.

The difference is not simply down to the gold price itself. Currency rates, local demand, taxes, import duties, and other costs can all affect what buyers pay in the two markets.

22K and 24K Gold Rate in India on October 16, 2026

City	24 Carat Gold (Per 10 Gm in Rs.)	22 Carat Gold (Per 10 Gm in Rs.)
Chennai	₹1,48,020.00	₹1,35,685.00
New Delhi	₹1,47,330.00	₹1,35,053.00
Mumbai	₹1,47,590.00	₹1,35,291.00
Bangalore	₹1,47,710.00	₹1,35,401.00
Hyderabad	₹1,47,820.00	₹1,35,502.00

Note: The above rates were recorded at 9:15 AM on October 16, 2026. Gold prices can change as market conditions move during the day.

Dubai Gold Rate in INR on October 16, 2026

Gold Type	Dubai Rate (AED/10 gram)	INR Rate (Per 10 gm)
24 Carat	5,007.50	₹1,29,143.43
22 Carat	4,637.50	₹1,19,601.13
21 Carat	4,445.00	₹1,14,636.55
18 Carat	3,810.00	₹98,259.90
14 Carat	2,921.00	₹75,332.59

Note: The exchange rate used was 1 AED = ₹25.79 at 9:15 AM on October 16, 2026.

Gold Price Difference Between Dubai and India on October 16, 2026

Karat	India Avg (10g)	Dubai (10g)	Price Difference
24K	₹1,47,860.00	₹1,29,143.43	₹18,716.57
22K	₹1,35,538.00	₹1,19,601.13	₹15,936.87
18K	₹1,10,895.00	₹98,259.90	₹12,635.10

Note: These figures do not take VAT, import duties or making charges into account.

Conclusion

There was a noticeable difference between the quoted gold rates in India and Dubai on October 16. For 10 grams, 24K gold was ₹18,716.57 cheaper in Dubai, while the difference for 22K gold was ₹15,936.87. That gap alone, however, does not tell the whole story for someone planning to buy gold abroad. Travel expenses, making charges, taxes and applicable import rules also need to be considered.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.

Published on: Oct 16, 2026, 9:51 AM IST

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