Gold prices declined again on October 22, 2026, bringing some relief to buyers planning to purchase jewellery. Prices have been moving up and down in recent trading sessions, and the latest fall has pushed gold rates lower on the Multi Commodity Exchange (MCX). Silver prices also recorded a notable drop.
In early trading, MCX gold futures fell by ₹1,282 to ₹144,797 per 10 grams. Gold had settled at ₹146,079 per 10 grams in the previous trading session. Prices continued to weaken as trading progressed.
Gold and Silver Prices Fall in the International Market
Gold and silver both traded lower in the international market on October 22. On COMEX, gold was down 0.61% at around 9:00 AM, trading at $4,124.70 per ounce.
Silver experienced a steeper decline, falling 1.78% to $56.680 per ounce. The movement in international prices reflected weakness in both precious metals during the morning session.
MCX Gold Falls by ₹1,741, Silver Down ₹5,365
On the MCX, gold futures for December delivery were trading at ₹144,338 per 10 grams at 10:07 AM, down 1.19%. Compared with the previous close of ₹146,079, the price had fallen by ₹1,741 per 10 grams.
Silver also recorded a significant decline. Its price dropped by ₹5,365 to ₹203,837 per kilogram.
The latest movement comes after a period of fluctuating precious-metal prices. Although gold demand often rises during the festive season, prices can change throughout the trading day.
City-Wise Gold Rates on October 22, 2026
The following are the reported gold rates for 24-carat, 22-carat and 18-carat gold in major Indian cities.
| City | 24-Carat Gold (10g) | 22-Carat Gold (10g) | 18-Carat Gold (10g) |
|---|---|---|---|
| Delhi | ₹146,230 | ₹134,050 | ₹109,710 |
| Mumbai | ₹146,080 | ₹133,900 | ₹109,560 |
| Kolkata | ₹146,080 | ₹133,900 | ₹109,560 |
| Chennai | ₹147,170 | ₹134,900 | ₹110,850 |
| Patna | ₹146,130 | ₹133,950 | ₹109,610 |
| Lucknow | ₹146,230 | ₹134,050 | ₹109,710 |
| Meerut | ₹146,230 | ₹134,050 | ₹109,710 |
| Kanpur | ₹146,230 | ₹134,050 | ₹109,710 |
| Ayodhya | ₹146,230 | ₹134,050 | ₹109,710 |
| Varanasi | ₹146,230 | ₹134,050 | ₹109,710 |
| Ghaziabad | ₹146,230 | ₹134,050 | ₹109,710 |
| Noida | ₹146,230 | ₹134,050 | ₹109,710 |
| Gurugram | ₹146,230 | ₹134,050 | ₹109,710 |
| Chandigarh | ₹146,230 | ₹134,050 | ₹109,710 |
| Jaipur | ₹146,230 | ₹134,050 | ₹109,710 |
Should You Buy Gold Jewellery Today?
The fall in gold and silver prices may interest people planning jewellery purchases during the festive season. However, precious-metal rates can fluctuate, so buyers should check the latest local prices before making a purchase.
The rates listed above are indicative and may vary by jeweller and location. The final price of jewellery can also depend on applicable taxes, making charges and other costs.
Disclaimer: Gold and silver prices are subject to market fluctuations and may change during the day. The rates provided are for general information only and should not be treated as guaranteed purchase prices or financial advice. Confirm the latest rates with a local jeweller before buying.