Gold fell ₹2,780 in 30 days: what actually happened to the price?
todaybhav · 2 October 2026 · 6 min read
Gold fell ₹2,780 in 30 days. But the daily numbers tell a different story
Gold is often described with one number:
Today's gold price.
But one day's rate does not tell you what happened over the past month.
So we looked at our own daily 24K gold data for the latest 30-calendar-day window, from 2 September to 1 October 2026.
The result was not a straight decline.
Gold moved up and down repeatedly before finishing lower than where the period began.
The 30-day result
Our Delhi 24K gold series started at ₹1,52,170 per 10 grams on 2 September.
It ended at ₹1,49,390 per 10 grams on 1 October.
| Measure | 24K gold |
|---|---|
| Starting rate | ₹1,52,170 / 10g |
| Ending rate | ₹1,49,390 / 10g |
| Change | −₹2,780 |
| Percentage change | −1.83% |
| Period high | ₹1,56,810 |
| Period low | ₹1,48,940 |
So someone looking only at the first and last numbers would say:
Gold fell 1.83% in the period.
That is correct.
But it does not explain how the price got there.
Gold did not fall every day
Between the available daily readings in this 30-calendar-day window:
| Daily move | Number of readings |
|---|---|
| Rose | 9 |
| Fell | 15 |
| Unchanged | 4 |
So gold fell on more days than it rose.
But there were still several significant upward moves during the month.
This is why looking only at today's rate can hide the path the price took.
The biggest number was not at the beginning or the end
The highest rate in the period was:
₹1,56,810 per 10 grams on 4 September.
The lowest was:
₹1,48,940 per 10 grams on 30 September.
That is a range of:
₹7,870 per 10 grams.
In other words, the difference between the month's high and low was much larger than the ₹2,780 difference between the opening and closing rates.
| Point | 24K gold per 10g |
|---|---|
| 2 September | ₹1,52,170 |
| 4 September high | ₹1,56,810 |
| 30 September low | ₹1,48,940 |
| 1 October | ₹1,49,390 |
The gold price therefore spent the month moving through a much wider range than the final −1.83% change suggests.
What happened to a 10-gram purchase?
This is where the numbers become easier to understand.
At the beginning of the period:
10 grams = ₹1,52,170
At the end:
10 grams = ₹1,49,390
Difference:
₹2,780
So, using these published 24K rates, the gold component of a 10-gram purchase was ₹2,780 lower at the end of the period than at the beginning.
This does not mean a jewellery bill would fall by exactly ₹2,780.
Making charges, taxes and other components of a jewellery purchase are separate from the published gold rate.
What if someone bought at the month's high?
The high was ₹1,56,810 per 10 grams.
The final rate was ₹1,49,390.
The difference was:
₹7,420 per 10 grams.
That is substantially larger than the ₹2,780 difference between the beginning and end of the period.
It shows why the purchase date matters when gold moves through a wide range.
A person buying near the high and someone buying near the low could see a very different gold cost even though both purchases happened within the same month.
The monthly change hides the daily movement
Here is part of the daily series:
| Date | 24K gold / 10g |
|---|---|
| 2 Sep | ₹1,52,170 |
| 3 Sep | ₹1,55,500 |
| 4 Sep | ₹1,56,810 |
| 5 Sep | ₹1,54,950 |
| 6 Sep | ₹1,54,950 |
| 7 Sep | ₹1,54,300 |
| 8 Sep | ₹1,55,500 |
| 9 Sep | ₹1,54,460 |
| 10 Sep | ₹1,55,660 |
| 11 Sep | ₹1,53,040 |
| 12 Sep | ₹1,54,730 |
| 13 Sep | ₹1,54,730 |
| 14 Sep | ₹1,54,240 |
| 15 Sep | ₹1,53,320 |
| 16 Sep | ₹1,53,590 |
| 17 Sep | ₹1,52,990 |
| 18 Sep | ₹1,54,570 |
| 19 Sep | ₹1,55,990 |
| 20 Sep | ₹1,55,990 |
| 21 Sep | ₹1,55,830 |
| 22 Sep | ₹1,54,900 |
| 23 Sep | ₹1,53,320 |
| 25 Sep | ₹1,52,990 |
| 26 Sep | ₹1,52,830 |
| 27 Sep | ₹1,52,830 |
| 28 Sep | ₹1,50,320 |
| 29 Sep | ₹1,48,950 |
| 30 Sep | ₹1,48,940 |
| 1 Oct | ₹1,49,390 |
The pattern is clear.
Gold rose sharply at the beginning of the period, spent much of September moving around the ₹1.53–₹1.56 lakh range, and then declined toward the end of the month.
The final number alone does not show that journey.
The high-to-low fall was 5%
From the period high of ₹1,56,810 to the low of ₹1,48,940, gold fell by:
₹7,870 per 10 grams.
That is about 5.0% from the high.
But the overall period started at ₹1,52,170 and ended at ₹1,49,390, a decline of only 1.83%.
This is an important distinction.
A market can experience a much larger rise and fall during a period than its final start-to-end change suggests.
Why 30 days is useful — and why it isn't enough
A 30-day window is useful for answering questions such as:
- Has gold moved higher or lower recently?
- What was the month's high?
- What was the month's low?
- How large was the recent range?
- How often did the daily rate move?
But 30 days is too short to establish a long-term trend.
Our earlier 180-day analysis showed a different picture.
Across 180 days from 28 March to 23 September 2026, 24K gold rose on 72 days and fell on 79 days, yet finished 3.5% higher overall.
180 days of gold prices: it fell more often than it rose, and still ended up
The two periods demonstrate why the measurement window matters.
A month can finish lower while a six-month period can finish higher.
What does this mean for someone buying gold?
There is no need to turn a 30-day chart into a prediction.
The useful information is simpler.
If you are buying gold, look at:
Today's rate
The recent high and low
The change over the period
The purity you are buying
And, for jewellery, the complete final bill
A single day's price tells you where gold is now.
A time series tells you how it got there.
Today's number is only one point in the story
On 2 September, our recorded Delhi 24K rate was ₹1,52,170 per 10 grams.
On 1 October, it was ₹1,49,390.
That looks like a relatively small change.
But between those two dates, gold reached ₹1,56,810 and later fell to ₹1,48,940.
That is the difference between looking at two numbers and looking at the data in between.
At TodayBhav, we record gold rates day by day so that the history remains visible rather than reducing the market to just today's number.
The latest rate tells you where gold is.
The history tells you what it has been doing.
This analysis uses TodayBhav's published Delhi 24K gold daily closing series for 2 September to 1 October 2026. The site table contains 29 available readings in this 30-calendar-day window; 24 September is not included in the published series. Gold rates are indicative and can vary by city, seller and product. Jewellery prices also include components beyond the published gold rate.
todaybhav publishes rates for information only. Nothing here is financial advice — see the disclaimer.