Gold and silver prices remained largely unchanged in the Indian retail market on October 3, 2026, with rates for 24-carat, 22-carat and 18-carat gold showing little movement. The benchmark price of gold stood at ₹1,50,550 per 10 grams, while silver was steady at ₹2,26,590 per kg.
On the Multi Commodity Exchange (MCX), gold futures gained 0.94% to ₹1,50,443 per 10 grams at the time of writing. Silver futures also moved higher, rising 1.22% to around ₹2,26,432 per kg.
Gold Rates in Major Indian Cities
In the physical jewellery market, 24-carat gold is considered the purest form, while 22-carat gold is widely used for jewellery because the addition of other metals makes it more durable.
Gold prices in India are influenced by international bullion prices, movements in the US dollar against the Indian rupee and expectations of higher demand during the festival season. Local market conditions can also cause differences in prices from one city to another.
Here are the latest gold rates:
| City | 24K Gold (₹ per 10 gm) | 22K Gold (₹ per 10 gm) |
|---|---|---|
| Delhi | ₹1,50,000 | ₹1,37,500 |
| Mumbai | ₹1,50,260 | ₹1,37,738 |
| Bengaluru | ₹1,50,380 | ₹1,37,848 |
| Kolkata | ₹1,50,060 | ₹1,37,555 |
| Hyderabad | ₹1,50,500 | ₹1,37,958 |
| Chennai | ₹1,50,700 | ₹1,38,142 |
Silver Rates Across Cities
Silver prices also remained steady on October 3. The rate was ₹22,659 per 100 grams, equivalent to ₹2,26,590 per kg across the listed cities.
| City | Silver (₹ per 100 gm) | Silver (₹ per kg) |
|---|---|---|
| Delhi | ₹22,659 | ₹2,26,590 |
| Mumbai | ₹22,659 | ₹2,26,590 |
| Bengaluru | ₹22,659 | ₹2,26,590 |
| Kolkata | ₹22,659 | ₹2,26,590 |
| Hyderabad | ₹22,659 | ₹2,26,590 |
| Chennai | ₹22,659 | ₹2,26,590 |
Gold Prices at Leading Jewellers
Major jewellery retailers kept their gold prices broadly unchanged on October 3, 2026. Joyalukkas and Malabar Gold & Diamonds quoted 22-carat gold at ₹13,775 per gram across most of the listed markets.
Tanishq’s 22-carat rate was listed at ₹13,820 per gram, while its 24-carat rate stood at ₹15,076 per gram. Malabar Gold & Diamonds quoted 24-carat gold at ₹15,027 per gram.
Small differences between jewellers can occur because of factors such as inventory costs, store-level pricing and regional logistics, even when broader bullion market trends remain similar.
| Jeweller | Purity | Rate (₹/gram) |
|---|---|---|
| Joyalukkas | 22K | ₹13,775 |
| Malabar Gold & Diamonds | 22K | ₹13,775 |
| Malabar Gold & Diamonds | 24K | ₹15,027 |
| Tanishq | 22K | ₹13,820 |
| Tanishq | 24K* | ₹15,076 |
*The 24K Tanishq rate is estimated based on the prevailing purity premium over 22K gold.
Joyalukkas 22K Gold Rate by State
Joyalukkas’ listed 22-carat gold rate was ₹13,775 per gram across the following states:
| State | Rate (₹/gram) |
|---|---|
| Andhra Pradesh | ₹13,775 |
| Delhi | ₹13,775 |
| Gujarat | ₹13,775 |
| Karnataka | ₹13,775 |
| Kerala | ₹13,775 |
| Maharashtra | ₹13,775 |
| Odisha | ₹13,775 |
| Punjab | ₹13,775 |
| Tamil Nadu | ₹13,775 |
GST and Other Charges on Gold
The rates shown in benchmark tables and jeweller listings generally represent the base bullion price. Gold jewellery purchases in India are subject to 3% GST on the value of the metal, along with 5% GST on jewellery-making charges.
Import duties, transportation expenses and other regional costs can also affect the final price paid by customers. Therefore, the amount charged at a jewellery store may differ from the quoted base gold rate.
Disclaimer: Gold and silver prices can change during the day depending on domestic and international market conditions. The rates mentioned above are provided for general information and may vary by jeweller, city and applicable charges. Buyers should confirm the latest price, GST, making charges and other applicable costs with the seller before making a purchase.