Gold and silver prices in India remained largely stable on October 19, 2026, across different gold purities, including 24K, 22K and 18K. The benchmark gold price stood at ₹1,48,290 per 10 grams, while silver traded at ₹2,11,840 per kilogram.
On the Multi Commodity Exchange (MCX), gold futures declined 0.27% to ₹1,48,311 per 10 grams. Silver futures also moved lower, falling 0.46% to approximately ₹2,12,150 per kilogram at the time of writing.
Market participants continue to monitor global economic uncertainty and rising geopolitical tensions in the Middle East. Expectations surrounding higher interest rates remain a challenge for gold, which does not offer regular interest income.
Gold and Silver Prices Across Major Indian Cities
Gold prices vary across cities due to differences in local costs, taxes and other market factors. The following table lists the reported rates for 24K and 22K gold on October 19.
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) |
|---|---|---|
| Delhi | ₹1,48,080 | ₹1,35,740 |
| Mumbai | ₹1,48,340 | ₹1,35,978 |
| Bengaluru | ₹1,48,580 | ₹1,36,198 |
| Kolkata | ₹1,48,260 | ₹1,35,905 |
| Hyderabad | ₹1,48,690 | ₹1,36,299 |
| Chennai | ₹1,48,890 | ₹1,36,483 |
City-Wise Silver Rates
Silver prices were reported at the same level across the six cities listed below.
| City | Silver (₹/100g) | Silver (₹/kg) |
|---|---|---|
| Delhi | ₹21,251 | ₹2,12,510 |
| Mumbai | ₹21,251 | ₹2,12,510 |
| Bengaluru | ₹21,251 | ₹2,12,510 |
| Kolkata | ₹21,251 | ₹2,12,510 |
| Hyderabad | ₹21,251 | ₹2,12,510 |
| Chennai | ₹21,251 | ₹2,12,510 |
Why Gold Prices Differ Across India
In the Indian jewellery market, 24-karat gold represents pure gold, while 22-karat gold is commonly used to make ornaments. The alloys mixed with 22K gold make it more durable and suitable for jewellery.
Domestic gold prices are influenced by international bullion rates, movements in the USD/INR exchange rate and anticipated consumer demand, particularly before major festival shopping periods.
The prices quoted in benchmark tables and retail listings generally represent the base metal value. Buyers should also account for applicable taxes and additional charges. Gold purchases attract 3% GST on the value of the metal, while jewellery-making charges attract a separate 5% GST. Import duties and local transportation costs can also contribute to differences in prices between regions.
Gold Rates at Leading Jewellery Brands
Prices at major jewellery retailers remained mostly unchanged on October 19, 2026. Joyalukkas and Malabar Gold & Diamonds listed 22K gold at ₹13,570 per gram across most states. Tanishq quoted its 22K rate at ₹13,575 per gram.
For 24K gold, Malabar Gold & Diamonds listed ₹14,804 per gram, while Tanishq’s reported rate was ₹14,809 per gram. Differences between retailers can arise from pricing policies, inventory costs and regional logistics.
| Jeweller | Purity | Rate (₹/gram) |
|---|---|---|
| Joyalukkas | 22K | ₹13,570 |
| Malabar Gold & Diamonds | 22K | ₹13,570 |
| Malabar Gold & Diamonds | 24K | ₹14,804 |
| Tanishq | 22K | ₹13,575 |
| Tanishq | 24K* | ₹14,809 |
The Tanishq 24K rate is an estimate based on the prevailing price premium over 22K gold.
Joyalukkas 22K Gold Rate by State
The reported 22K gold rate at Joyalukkas was ₹13,570 per gram in each of the following states.
| State | Rate (₹/gram) |
|---|---|
| Andhra Pradesh | ₹13,570 |
| Delhi | ₹13,570 |
| Gujarat | ₹13,570 |
| Karnataka | ₹13,570 |
| Kerala | ₹13,570 |
| Maharashtra | ₹13,570 |
| Odisha | ₹13,570 |
| Punjab | ₹13,570 |
| Tamil Nadu | ₹13,570 |
Disclaimer: Gold and silver prices are subject to market fluctuations and may change during the day. The rates listed here are based on the information available at the time of writing and may differ from prices offered by individual jewellers. Buyers should confirm the latest rates, applicable taxes and making charges with their chosen retailer before making a purchase. This article is for general informational purposes only and should not be considered investment advice.
