Gold and silver prices declined in the domestic futures market on Friday, October 30, ahead of Dhanteras and Diwali. Retail rates also varied across major Indian cities, with 24-karat gold priced at around Rs 1.42 lakh per 10 grams and 999 fine silver at approximately Rs 1.87 lakh per kg.
Gold and silver prices witnessed a decline on Friday, October 30, as buyers prepared for the upcoming Dhanteras and Diwali celebrations. Prices in the domestic futures market moved lower during trading, while retail rates differed across major cities.
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On the Multi Commodity Exchange (MCX), gold futures for December delivery fell by around 0.39% to Rs 1,42,351 per 10 grams. Silver futures for December delivery declined by approximately 0.27% to Rs 1,88,943 per kg around midday.
According to the Indian Bullion Association (IBA), 24-karat gold was quoted at Rs 1,42,210 per 10 grams, while 22-karat gold stood at Rs 1,30,359 per 10 grams. The rate of 999 fine silver was Rs 1,87,530 per kg.
Gold and silver prices today in India
The retail prices of precious metals vary according to purity, location and market conditions.
- 24K gold: Rs 1,42,210 per 10 grams
- 22K gold: Rs 1,30,359 per 10 grams
- 999 fine silver: Rs 1,87,530 per kg
Jewellery buyers should also account for making charges, applicable taxes and GST, which can increase the final purchase price.
City-wise gold and silver rates on October 30
The following are the reported retail rates across major Indian cities.
| City / State | 24K gold (10g) | 22K gold (10g) | Silver 999 (1kg) |
| Mumbai | Rs 1,41,960 | Rs 1,30,130 | Rs 1,87,170 |
| New Delhi | Rs 1,41,710 | Rs 1,29,901 | Rs 1,86,850 |
| Bengaluru | Rs 1,42,070 | Rs 1,30,231 | Rs 1,87,320 |
| Kolkata | Rs 1,41,750 | Rs 1,30,693 | Rs 1,86,120 |
| Hyderabad | Rs 1,42,170 | Rs 1,30,323 | Rs 1,86,930 |
| Chennai | Rs 1,42,350 | Rs 1,30,488 | Rs 1,87,710 |
| Kochi | Rs 1,43,940 | Rs 1,31,940 | Rs 2,15,000 |
Why do 24K and 22K gold prices differ?
24-karat gold is considered the purest form of gold, while 22-karat gold contains a smaller proportion of gold mixed with other metals to improve durability.
This makes 22-karat gold more commonly used for jewellery, while 24-karat gold is generally preferred for investment products such as coins and bars.
The final price of gold jewellery can be higher than the quoted retail rate because jewellers add making charges and applicable taxes.
How have gold and silver prices performed?
Gold recorded a strong rise over the previous year, with prices increasing by more than 75%, according to the figures cited in the supplied report. Safe-haven demand and global economic uncertainty have contributed to the metal’s performance.
Silver has also recorded a substantial increase. Its price reportedly rose from around Rs 78,600 per kg in 2023-24 to more than Rs 2.40 lakh per kg in October 2026.
Industrial demand, currency movements and broader market conditions have influenced silver prices.
With Dhanteras approaching on November 6 and Diwali on November 8, buyers may compare rates across jewellers before making purchases.
Customers should check the purity of gold, the applicable hallmarking details, making charges and the final invoice amount. Silver buyers should also confirm the purity and weight of the product.
Since retail prices can vary between cities and jewellers, the quoted bullion rate may not be the exact amount a customer pays at the store.
(Disclaimer: Gold and silver rates mentioned in this article are indicative and may vary across cities, jewellers and markets. The final purchase price may include making charges, GST and other applicable taxes. Buyers are advised to confirm the latest rates with their jeweller before making a purchase.)
Published: 30 Oct 2026, 09:50 am IST
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