Gold and silver prices remained largely steady in the Indian market on Gandhi Jayanti, October 2, 2026. Benchmark gold was quoted at ₹1,50,540 per 10 grams, while silver remained around ₹2,26,570 per kg.
On the Multi Commodity Exchange (MCX), gold futures were trading 0.94% higher at ₹1,50,443 per 10 grams. Silver futures also gained 1.22%, reaching around ₹2,26,432 per kg at the time of writing.
In the retail market, 24-carat and 22-carat gold are the most commonly traded varieties. While 24K gold represents the highest purity, 22K 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 rupee and expected demand during the festival season.
Gold Rates in Major Indian Cities
The following are the quoted benchmark gold prices for 24K and 22K gold in major cities:
| City | 24K Gold (₹/10 gm) | 22K Gold (₹/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 |
The rates listed in benchmark tables and jeweller listings generally represent the base bullion price. Buyers should also account for applicable taxes and charges. Gold purchases 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 between markets.
Silver Rates Remain Steady
Silver was quoted at ₹22,657 per 100 grams, or ₹2,26,570 per kg, across the cities listed.
| City | Silver (₹/100 gm) | Silver (₹/kg) |
|---|---|---|
| Delhi | ₹22,657 | ₹2,26,570 |
| Mumbai | ₹22,657 | ₹2,26,570 |
| Bengaluru | ₹22,657 | ₹2,26,570 |
| Kolkata | ₹22,657 | ₹2,26,570 |
| Hyderabad | ₹22,657 | ₹2,26,570 |
| Chennai | ₹22,657 | ₹2,26,570 |
Gold Prices at Major Jewellery Brands
Leading jewellery retailers kept their quoted gold prices unchanged on October 2, 2026.
Joyalukkas and Malabar Gold & Diamonds were quoting 22K gold at ₹13,680 per gram across most states. Tanishq’s 22K gold rate stood at ₹13,725 per gram.
For 24K gold, Malabar Gold & Diamonds quoted ₹14,924 per gram, while Tanishq’s rate was ₹14,973 per gram.
Small differences between jewellers can occur because of individual pricing structures, inventory costs and regional logistics, even though broader gold prices continue to be influenced by international market movements.
| Jeweller | Purity | Rate (₹/gram) |
|---|---|---|
| Joyalukkas | 22K | ₹13,680 |
| Malabar Gold & Diamonds | 22K | ₹13,680 |
| Malabar Gold & Diamonds | 24K | ₹14,924 |
| Tanishq | 22K | ₹13,725 |
| Tanishq | 24K* | ₹14,973 |
The Tanishq 24K rate is estimated based on the prevailing purity premium over 22K gold.
Joyalukkas 22K Gold Rate by State
Joyalukkas’ quoted 22K gold rate was ₹13,680 per gram in the states listed below:
| State | Rate (₹/gram) |
|---|---|
| Andhra Pradesh | ₹13,680 |
| Delhi | ₹13,680 |
| Gujarat | ₹13,680 |
| Karnataka | ₹13,680 |
| Kerala | ₹13,680 |
| Maharashtra | ₹13,680 |
| Odisha | ₹13,680 |
| Punjab | ₹13,680 |
| Tamil Nadu | ₹13,680 |
Disclaimer
Gold and silver prices can change during the day based on international bullion markets, currency movements, taxes, duties and local market conditions. Jewellery prices may also vary from the quoted bullion rates because of making charges and other applicable costs. Readers should confirm the latest price with the respective jeweller or market source before making any purchase or investment decision.