Gold and silver prices in India remained largely stable on October 11, with benchmark gold trading at ₹1,49,750 per 10 grams and silver priced at ₹2,22,580 per kilogram. Rates varied slightly across cities and jewellery retailers.
On the Multi Commodity Exchange (MCX), gold futures gained 0.04% to reach ₹1,49,599 per 10 grams, while silver futures declined 0.04% to approximately ₹2,22,790 per kilogram at the time of reporting.
Higher interest rates continue to put pressure on gold, which does not generate regular income. Investors are also monitoring global economic uncertainty and rising geopolitical tensions in the Middle East.
What Determines Gold Prices in India?
Consumers generally purchase gold in 24-carat and 22-carat varieties. While 24-carat gold represents the highest purity, 22-carat gold is commonly used for jewellery because the addition of other metals makes it more durable.
Domestic bullion prices are influenced by international gold prices, movements in the US dollar against the Indian rupee, and demand during the festive shopping season.
The quoted bullion rates generally represent the base price of the metal. Jewellery purchases also involve applicable taxes and additional charges. Under the rates stated in the source, customers pay 3% GST on the gold value and a separate 5% GST on jewellery-making charges. Import duties and local transportation costs can also contribute to differences in prices across regions.
City-Wise Gold Rates on October 11
The following table lists the reported prices for 24-carat and 22-carat gold per 10 grams in major Indian cities.
| City | 24K Gold | 22K Gold |
|---|---|---|
| Delhi | ₹1,49,810 | ₹1,37,340 |
| Mumbai | ₹1,49,670 | ₹1,37,190 |
| Bengaluru | ₹1,49,670 | ₹1,37,190 |
| Kolkata | ₹1,49,670 | ₹1,37,190 |
| Hyderabad | ₹1,49,670 | ₹1,37,190 |
| Chennai | ₹1,49,670 | ₹1,37,190 |
City-Wise Silver Prices
Silver rates also differ across cities. According to the supplied figures, the prices per 100 grams and per kilogram are as follows.
| City | Silver per 100g | Silver per kg |
|---|---|---|
| Delhi | ₹23,990 | ₹2,39,900 |
| Mumbai | ₹23,990 | ₹2,39,900 |
| Bengaluru | ₹23,990 | ₹2,39,900 |
| Kolkata | ₹23,990 | ₹2,39,900 |
| Hyderabad | ₹24,490 | ₹2,44,900 |
| Chennai | ₹24,490 | ₹2,44,900 |
Gold Prices at Leading Jewellery Brands
Major jewellery retailers reported broadly similar prices on October 12, 2026. Joyalukkas and Malabar Gold & Diamonds listed 22-carat gold at ₹13,720 per gram across most states. Tanishq quoted 22-carat gold at ₹13,765 per gram.
For 24-carat gold, Malabar Gold & Diamonds listed a rate of ₹14,967 per gram, while Tanishq’s rate was ₹15,016 per gram. The Tanishq 24-carat figure is an estimate based on the prevailing purity premium over its 22-carat price.
| Jeweller | Purity | Price per gram |
|---|---|---|
| Joyalukkas | 22K | ₹13,720 |
| Malabar Gold & Diamonds | 22K | ₹13,720 |
| Malabar Gold & Diamonds | 24K | ₹14,967 |
| Tanishq | 22K | ₹13,765 |
| Tanishq | 24K* | ₹15,016 |
Differences between jewellery brands can arise from their pricing policies, inventory costs and regional logistics, even when international bullion prices remain similar.
Joyalukkas 22K Gold Rates by State
The supplied figures show a rate of ₹13,720 per gram for 22-carat gold in each of the following states:
| State | Price per gram |
|---|---|
| Andhra Pradesh | ₹13,720 |
| Delhi | ₹13,720 |
| Gujarat | ₹13,720 |
| Karnataka | ₹13,720 |
| Kerala | ₹13,720 |
| Maharashtra | ₹13,720 |
| Odisha | ₹13,720 |
| Punjab | ₹13,720 |
| Tamil Nadu | ₹13,720 |
Disclaimer: Gold and silver prices can change throughout the trading day and may vary by city, jeweller and product. The figures in this article are based on the supplied information and should be treated as indicative, not as guaranteed transaction prices. Making charges, applicable taxes and other fees may affect the final amount payable. Confirm the latest rates with your jeweller before making a purchase.