Gold Price Today in India: Check the gold rate in India today, October 3; Carat wise and city wise price list below. (File Image)Gold Rate Today: While gold rates in India reached historic highs at the start of October, driven by concerns over a potential US government shutdown, which led to increased demand for safe-haven assets and amidst festive seasonal demand in India, the prices of gold have shown a slight downward trend since yesterday. The yellow metal is considered an ideal inflation hedge, with 24-carat gold being the most expensive form of gold and is commonly used for investment purposes, while the 22-carat gold and 18-carat gold are primarily utilised for jewellery.