Indian gold and silver prices remained elevated on October 7, with rates across 24-carat, 22-carat and 18-carat gold continuing to trade at high levels. Benchmark gold prices were close to the ₹1.50 lakh mark per 10 grams, while silver remained around ₹2.26 lakh per kg.
The benchmark gold rate stood at ₹1,49,780 per 10 grams, while silver was priced at ₹2,26,410 per kg. On the Multi Commodity Exchange (MCX), gold futures declined 0.31% to ₹1,49,702 per 10 grams, while silver futures fell 0.55% to around ₹2,26,125 per kg at the time of writing.
Gold Prices in Major Indian Cities
In the retail market, 24-carat gold represents pure gold, while 22-carat gold is widely used for jewellery because the additional alloys make it more durable.
Gold prices in India are influenced by international bullion prices, movements in the US dollar against the rupee and retail demand, particularly ahead of the festive shopping season.
| City | 24K Gold (₹/10gm) | 22K Gold (₹/10gm) |
|---|---|---|
| Delhi | ₹1,49,280 | ₹1,36,840 |
| Mumbai | ₹1,49,540 | ₹1,37,078 |
| Bengaluru | ₹1,49,620 | ₹1,37,152 |
| Kolkata | ₹1,49,340 | ₹1,36,895 |
| Hyderabad | ₹1,49,780 | ₹1,37,298 |
| Chennai | ₹1,49,940 | ₹1,37,445 |
The quoted benchmark and retail rates generally represent the base value of the bullion. Gold jewellery purchases in India attract 3% GST on the value of the metal, along with 5% GST on jewellery-making charges. Import duties and transportation costs can also contribute to differences in prices across regions.
Silver Rates in Major Cities
Silver prices also remained elevated across the major markets on October 7.
| City | Silver (₹/100gm) | Silver (₹/kg) |
|---|---|---|
| Delhi | ₹22,544 | ₹2,25,440 |
| Mumbai | ₹22,583 | ₹2,25,830 |
| Bengaluru | ₹22,561 | ₹2,25,610 |
| Kolkata | ₹22,570 | ₹2,25,700 |
| Hyderabad | ₹22,579 | ₹2,25,790 |
| Chennai | ₹22,666 | ₹2,26,660 |
Among the listed cities, Chennai recorded the highest silver price at ₹2,26,660 per kg, while Delhi had the lowest rate at ₹2,25,440 per kg.
Gold Rates at Major Jewellery Brands
Major jewellery retailers kept their prices unchanged on October 7, 2026. Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹13,770 per gram across most states.
Tanishq listed its 22K gold price at ₹13,815 per gram. For 24K gold, Malabar Gold & Diamonds quoted ₹15,022 per gram, while Tanishq’s rate stood at ₹15,071 per gram.
Small differences between jewellery brands can result from factors such as store-level pricing, inventory costs and regional logistics.
| Jeweller | Purity | Rate (₹/gram) |
|---|---|---|
| Joyalukkas | 22K | ₹13,770 |
| Malabar Gold & Diamonds | 22K | ₹13,770 |
| Malabar Gold & Diamonds | 24K | ₹15,022 |
| Tanishq | 22K | ₹13,815 |
| Tanishq | 24K* | ₹15,071 |
*The 24K Tanishq rate is estimated based on the prevailing purity premium over 22K gold.
Joyalukkas 22K Gold Rate Across States
Joyalukkas quoted the same 22K gold rate of ₹13,770 per gram across the states listed below on October 7.
| State | Rate (₹/gram) |
|---|---|
| Andhra Pradesh | ₹13,770 |
| Delhi | ₹13,770 |
| Gujarat | ₹13,770 |
| Karnataka | ₹13,770 |
| Kerala | ₹13,770 |
| Maharashtra | ₹13,770 |
| Odisha | ₹13,770 |
| Punjab | ₹13,770 |
| Tamil Nadu | ₹13,770 |
Gold and silver prices can change during the trading session based on movements in international bullion markets, currency fluctuations and domestic demand. Buyers should therefore check the latest rate with their jeweller before making a purchase.
Disclaimer: The prices mentioned in this article are based on the rates provided for October 7, 2026, and are intended for general informational purposes only. Actual jewellery prices may differ because of GST, making charges, local costs, purity, retailer pricing and other applicable charges. Investors and buyers should verify the latest rates and terms with authorised jewellers or market sources before making any purchase or investment decision.