Gold prices in India’s retail market edged higher on Monday, October 19, as rising tensions between the United States and Iran influenced the bullion market. Silver prices also recorded modest gains.
The latest developments followed a warning from Tehran that it had prepared a “new operational plan” in the event of renewed US attacks. According to a CNBC report, a senior Iranian security official said on Sunday that Iran was ready with a response to any fresh US-Israeli attack. Maritime authorities also reported several separate attacks on commercial vessels around the Arabian Peninsula.
Against this backdrop, gold rates for both 24-karat and 22-karat purity showed slight increases across major Indian cities.
Gold and Silver Prices on MCX Today
On October 19, gold futures on the Multi Commodity Exchange (MCX) were trading 0.20% higher at ₹1,48,580 per 10 grams. Silver futures gained approximately 0.44%, reaching ₹2,12,770 per kilogram at around 9:13 am.
The gains reflected the upward movement in domestic bullion prices during the morning session.
Gold and Silver Rates in Major Indian Cities on October 19
The following are the reported retail rates for 24-karat gold, 22-karat gold and 999-fine silver across six major Indian cities.
| City | 24K Gold (10g) | 22K Gold (10g) | Silver 999 Fine (1kg) |
|---|---|---|---|
| New Delhi | ₹148,120 | ₹135,777 | ₹212,240 |
| Mumbai | ₹148,370 | ₹136,006 | ₹212,610 |
| Bengaluru | ₹148,490 | ₹136,116 | ₹212,770 |
| Kolkata | ₹148,180 | ₹135,832 | ₹212,320 |
| Hyderabad | ₹148,610 | ₹136,226 | ₹212,940 |
| Chennai | ₹148,810 | ₹136,409 | ₹213,220 |
Among the cities listed, Chennai recorded the highest quoted rates for both 24-karat and 22-karat gold, as well as silver.
Difference Between 24-Karat and 22-Karat Gold
Gold prices vary depending on the purity of the metal. 24-karat gold is considered the purest form, while 22-karat gold is commonly used to make jewellery because its composition makes it more durable for everyday use.
Silver rates listed above refer to 999-fine silver, which has a purity of 99.9%.
What Is Influencing Bullion Prices?
International geopolitical developments can affect investor sentiment and movements in precious metals. The latest rise in gold and silver prices came amid heightened US-Iran tensions and reports of attacks on commercial vessels near the Arabian Peninsula.
However, bullion prices can fluctuate during the day, and retail rates may differ between cities and sellers.
Disclaimer: The prices in this article are based on the reported rates for October 19, 2026, and are provided for informational purposes only. Actual buying prices may vary by jeweller, location, taxes and applicable making charges. Market prices can change throughout the trading session, so readers should confirm the latest rates with an authorised dealer before making a purchase or investment decision.