Gold and silver prices declined during the week amid global market pressures. With the Multi Commodity Exchange (MCX) closed on Saturday, October 24, the previous trading session’s rates remain applicable. The India Bullion and Jewellers Association (IBJA) market is also closed on Saturdays and Sundays.
On Friday, gold futures on the MCX fell by 0.81%, or ₹1,159, to close at ₹1,42,150 per 10 grams. According to IBJA data, 24-carat gold was priced at ₹1,41,630 per 10 grams at the market close.
Gold Price Today on MCX, IBJA and Global Markets
Gold prices vary depending on the market and the type of rate being reported. The latest figures provided for October 24 are:
- MCX gold: The December 4, 2026, futures contract closed at ₹1,42,150 per 10 grams after falling ₹1,159.
- IBJA gold: The reported price of 24-carat gold was ₹1,41,630 per 10 grams.
- COMEX gold: Gold was reported trading at around $4,010 per ounce in the international market.
- Delhi bullion market: The reported price of 24-carat gold was ₹1,46,100 per 10 grams, including taxes.
Buyers planning to purchase jewellery for occasions such as Karwa Chauth should compare local jewellery rates before making a decision, as the final price may differ according to taxes, making charges and the jewellery design.
Gold Becomes Cheaper by Nearly ₹4,800 in One Week
IBJA figures show that the price of 24-carat gold declined from ₹1,46,426 per 10 grams on October 16 to ₹1,41,630 on October 23.
This represents a drop of ₹4,796 per 10 grams in one week. The decline may be relevant for people planning to buy gold, although prices can change with market conditions.
Gold and silver are also trading well below their respective reported peaks. MCX gold is ₹60,834 per 10 grams below its peak of ₹2,02,984, while silver is ₹2,61,328 per kilogram below its peak of ₹5,47,328.
City-Wise Gold Rates for 24K, 22K and 18K Gold
The following rates are based on the figures provided in the report. Prices are listed per 10 grams.
| City | 24-carat gold | 22-carat gold | 18-carat gold |
|---|---|---|---|
| Delhi | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| Mumbai | ₹1,42,480 | ₹1,30,600 | ₹1,06,860 |
| Kolkata | ₹1,42,480 | ₹1,30,600 | ₹1,06,860 |
| Chennai | ₹1,42,480 | ₹1,30,600 | ₹1,06,860 |
| Patna | ₹1,42,530 | ₹1,30,650 | ₹1,06,910 |
| Lucknow | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| Ayodhya | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
| Kanpur | ₹1,42,630 | ₹1,30,750 | ₹1,06,860 |
Local jewellery prices may differ from these indicative rates. Buyers should confirm the prevailing price with a jeweller before purchasing.
Disclaimer: This article is intended for general informational purposes and is based on the market figures supplied for the stated dates. Gold and silver prices fluctuate and may vary by source, city, taxes and other charges. The figures should not be treated as live prices or investment advice. Please verify the latest rates with an official exchange, bullion association or local jeweller before making a purchase.