Gold and silver prices across India remained broadly unchanged on October 18, 2026, with benchmark gold trading at ₹1,48,280 per 10 grams and silver priced at ₹2,11,820 per kilogram.
On the Multi Commodity Exchange (MCX), gold futures declined 0.35% to ₹1,48,000 per 10 grams. Silver futures also moved lower, falling 0.36% to around ₹2,11,418 per kilogram at the time of writing.
Higher interest rates continue to weigh on gold, which does not generate regular income. Investors are also monitoring global economic uncertainty and rising geopolitical tensions in the Middle East for their potential impact on precious metal prices.
Gold Rate Today in Major Indian Cities
Gold is commonly purchased in 24-karat and 22-karat varieties in India. While 24K gold represents the highest purity, 22K gold is widely used for jewellery because its alloy content makes it more durable.
Domestic gold prices are influenced by international bullion rates, movements in the rupee against the US dollar and seasonal jewellery demand. Festival shopping can also affect retail buying activity.
Here are the reported gold rates for October 18:
| City | 24K Gold (₹ per 10g) | 22K Gold (₹ per 10g) |
|---|---|---|
| Delhi | ₹1,47,760 | ₹1,35,447 |
| Mumbai | ₹1,48,010 | ₹1,35,676 |
| Bengaluru | ₹1,48,130 | ₹1,35,786 |
| Kolkata | ₹1,47,820 | ₹1,35,502 |
| Hyderabad | ₹1,48,250 | ₹1,35,896 |
| Chennai | ₹1,48,440 | ₹1,36,070 |
These figures represent reported base rates and may vary between retailers. Gold jewellery purchases generally attract 3% GST on the value of the gold, while making charges are subject to a separate 5% GST. Import duties and local transportation costs can also contribute to differences in prices across regions.
Silver Rate Today in India
Silver prices remained unchanged across the listed cities on October 18, with the reported rate at ₹2,11,820 per kilogram.
| City | Silver (₹ per 100g) | Silver (₹ per kg) |
|---|---|---|
| Delhi | ₹21,182 | ₹2,11,820 |
| Mumbai | ₹21,182 | ₹2,11,820 |
| Bengaluru | ₹21,182 | ₹2,11,820 |
| Kolkata | ₹21,182 | ₹2,11,820 |
| Hyderabad | ₹21,182 | ₹2,11,820 |
| Chennai | ₹21,182 | ₹2,11,820 |
Silver prices can move in response to international market trends, currency movements and demand from investors and industrial buyers. The MCX futures price may differ from the quoted physical retail rate.
Gold Rates at Joyalukkas, Malabar Gold and Tanishq
Major jewellery retailers reported largely unchanged gold prices on October 18, 2026. Joyalukkas and Malabar Gold & Diamonds listed 22K gold at ₹13,535 per gram across most states, while Tanishq quoted ₹13,575 per gram for 22K gold.
For 24K gold, Malabar Gold & Diamonds quoted ₹14,765 per gram, compared with Tanishq’s listed rate of ₹14,809 per gram. The Tanishq 24K figure is an estimate based on the prevailing purity premium over its 22K rate.
| Jeweller | Purity | Rate (₹ per gram) |
|---|---|---|
| Joyalukkas | 22K | ₹13,535 |
| Malabar Gold & Diamonds | 22K | ₹13,535 |
| Malabar Gold & Diamonds | 24K | ₹14,765 |
| Tanishq | 22K | ₹13,575 |
| Tanishq | 24K* | ₹14,809 |
The 24K Tanishq rate is estimated based on the prevailing purity premium over 22K gold.
Differences between jewellery brands can result from store-level pricing policies, inventory costs and regional logistics. International bullion movements remain an important influence on the broader direction of gold prices.
Joyalukkas 22K Gold Price by State
Joyalukkas reported a 22K gold rate of ₹13,535 per gram across the following states on October 18:
| State | Rate (₹ per gram) |
|---|---|
| Andhra Pradesh | ₹13,535 |
| Delhi | ₹13,535 |
| Gujarat | ₹13,535 |
| Karnataka | ₹13,535 |
| Kerala | ₹13,535 |
| Maharashtra | ₹13,535 |
| Odisha | ₹13,535 |
| Punjab | ₹13,535 |
| Tamil Nadu | ₹13,535 |
Buyers should confirm the final rate with their chosen jeweller before making a purchase, as prices may vary by location and can change with market conditions. Making charges and applicable taxes may also increase the final bill.
Disclaimer: This article is for general informational purposes only. Gold and silver prices are indicative and may change during the day or differ between jewellers and locations. Please verify the latest rates, taxes and additional charges with the relevant retailer before purchasing.