Gold and silver prices in India remained largely stable on October 11 across different purity categories. The benchmark price of gold stood at ₹1,51,720 per 10 grams, while silver was priced at ₹2,26,140 per kilogram.
On the Multi Commodity Exchange (MCX), gold futures gained 1.27% to reach ₹1,51,503 per 10 grams. Silver futures also moved higher, rising 0.03% to approximately ₹2,25,820 per kilogram at the time of writing.
Higher interest rates continue to put pressure on gold, which does not generate regular income. Investors are also keeping an eye on global economic uncertainty and increasing geopolitical tensions in the Middle East.
Gold and Silver Prices in Major Indian Cities
Gold is commonly sold in India in 24-carat, 22-carat and 18-carat varieties. While 24-carat gold is considered the purest form, 22-carat gold is widely used for jewellery because its alloy content makes it more durable.
Domestic bullion prices are influenced by international gold and silver rates, movements in the US dollar against the Indian rupee, and consumer demand, particularly ahead of major festivals.
The following table lists the reported 24-carat and 22-carat gold prices across selected cities.
| City | 24K Gold (₹ per 10g) | 22K Gold (₹ per 10g) |
|---|---|---|
| Delhi | ₹1,51,180 | ₹1,38,582 |
| Mumbai | ₹1,51,440 | ₹1,38,820 |
| Bengaluru | ₹1,51,560 | ₹1,38,930 |
| Kolkata | ₹1,51,240 | ₹1,38,637 |
| Hyderabad | ₹1,51,680 | ₹1,39,040 |
| Chennai | ₹1,51,880 | ₹1,39,223 |
Silver prices were reported at the same level across all six cities listed below.
| City | Silver (₹ per 100g) | Silver (₹ per kg) |
|---|---|---|
| Delhi | ₹22,614 | ₹2,26,140 |
| Mumbai | ₹22,614 | ₹2,26,140 |
| Bengaluru | ₹22,614 | ₹2,26,140 |
| Kolkata | ₹22,614 | ₹2,26,140 |
| Hyderabad | ₹22,614 | ₹2,26,140 |
| Chennai | ₹22,614 | ₹2,26,140 |
Gold Rates at Leading Jewellery Brands
Major jewellery retailers reported largely unchanged prices on October 12, 2026. Joyalukkas and Malabar Gold & Diamonds listed 22-carat gold at ₹13,880 per gram across most states. Tanishq quoted its 22-carat rate at ₹13,925 per gram.
For 24-carat gold, Malabar Gold & Diamonds listed a rate of ₹15,142 per gram, while Tanishq’s rate was ₹15,191 per gram. The Tanishq 24-carat figure is an estimate based on the prevailing price premium over 22-carat gold.
| Jeweller | Purity | Rate (₹ per gram) |
|---|---|---|
| Joyalukkas | 22K | ₹13,880 |
| Malabar Gold & Diamonds | 22K | ₹13,880 |
| Malabar Gold & Diamonds | 24K | ₹15,142 |
| Tanishq | 22K | ₹13,925 |
| Tanishq | 24K* | ₹15,191 |
Differences between jewellery brands can arise from their pricing policies, gold procurement costs and regional logistics. International bullion movements remain an important factor influencing the broader direction of prices.
Joyalukkas 22K Gold Price Across States
Joyalukkas reported a 22-carat gold price of ₹13,880 per gram in each of the following states and regions.
| State | Rate (₹ per gram) |
|---|---|
| Andhra Pradesh | ₹13,880 |
| Delhi | ₹13,880 |
| Gujarat | ₹13,880 |
| Karnataka | ₹13,880 |
| Kerala | ₹13,880 |
| Maharashtra | ₹13,880 |
| Odisha | ₹13,880 |
| Punjab | ₹13,880 |
| Tamil Nadu | ₹13,880 |
GST and Other Charges on Gold Jewellery
The prices listed in benchmark tables and retail listings generally represent the base bullion or quoted gold rate. For jewellery purchases in India, buyers should also account for applicable taxes and making charges.
A standard 3% GST applies to the value of gold, while a separate 5% GST applies to jewellery-making charges, as stated in the supplied pricing information. Import duties and local transportation costs can also contribute to differences in gold prices between regions.
Disclaimer: Gold and silver rates can change during the day and may vary by city, retailer and jewellery design. The prices listed above are based on the supplied market and retailer data and are intended for informational purposes only. The Tanishq 24-carat rate is an estimate, not a directly quoted figure. Buyers should confirm the latest prices, taxes and additional charges with their chosen jeweller before making a purchase.
