Gold, silver prices on Gandhi Jayanti (October 2): Check latest rates in Delhi, Mumbai, Kolkata, other cities
The rates quoted in benchmark tables and store listings reflect base bullion prices. Retail gold purchases in India attract a standard 3% GST on the value of the metal, plus a separate 5% GST on the jewellery making charges.
- Oct 2, 2026,
- Updated Oct 2, 2026 9:27 AM IST
Indian gold and silver markets were largely stable on Gandhi Jayanti 2026 (October 2) across 24-carat, 22-carat, and 18-carat purities. Benchmark gold rates stand at ₹1,50,540 per 10 gm, with silver tracking steady at ₹2,26,570 per kg.
On the Multi Commodity Exchange (MCX), gold futures were up by 0.94% at ₹1,50,443 per 10 gm, whereas silver futures saw a gain of 1.22% at around ₹2,26,432 per kg at the time of writing this story.
MUST READ | Gold at $5,000 by mid-2027? The forces behind the longer-term outlook
In the physical retail market, gold is primarily bought in 24-karat and 22-karat options. While 24-karat represents pure gold, 22-karat remains the preferred choice for crafting ornaments because the mixed alloys deliver greater durability.
Prices in India remain anchored by international spot bullion trends, USD/INR currency dynamics, and anticipatory retail demand ahead of peak festival shopping.
The rates quoted in benchmark tables and store listings reflect base bullion prices. Retail gold purchases in India attract a standard 3% GST on the value of the metal, plus a separate 5% GST on the jewellery making charges. Import duties and local transport surcharges also influence regional price variations across states.
Check the latest gold rates here
| City | 24K Gold (₹ per 10gm) | 22K Gold (₹ per 10gm) |
| 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 |
Check the latest silver rates here
| City | Silver (₹ per 100gm) | Silver (₹ per 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 |
DON'T MISS | Jefferies' Christopher Wood sees gold at $10,000 'sooner or later'; likes India's small, midcaps
Gold rates at top jewellers
Leading retail chains kept prices unchanged on October 2, 2026. Major brands including Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹13,680 per gram across most states. Tanishq listed its 22K gold rate at ₹13,725 per gram. For 24-carat gold, Malabar quoted ₹14,924 per gram, while Tanishq stood at ₹14,973 per gram.
Minor retail rate disparities across brands stem from store-level pricing structures, inventory acquisition costs, and regional logistics, even as global commodity trends determine overall market direction.
| 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 |
*24K Tanishq rate estimated based on the prevailing purity premium over 22K gold.
DO CHECKPUT | India’s hidden stimulus: How a ₹33-lakh-crore gold stockpile could boost consumption
Joyalukkas 22K Gold Rate by State
| 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 |
Indian gold and silver markets were largely stable on Gandhi Jayanti 2026 (October 2) across 24-carat, 22-carat, and 18-carat purities. Benchmark gold rates stand at ₹1,50,540 per 10 gm, with silver tracking steady at ₹2,26,570 per kg.
On the Multi Commodity Exchange (MCX), gold futures were up by 0.94% at ₹1,50,443 per 10 gm, whereas silver futures saw a gain of 1.22% at around ₹2,26,432 per kg at the time of writing this story.
MUST READ | Gold at $5,000 by mid-2027? The forces behind the longer-term outlook
In the physical retail market, gold is primarily bought in 24-karat and 22-karat options. While 24-karat represents pure gold, 22-karat remains the preferred choice for crafting ornaments because the mixed alloys deliver greater durability.
Prices in India remain anchored by international spot bullion trends, USD/INR currency dynamics, and anticipatory retail demand ahead of peak festival shopping.
The rates quoted in benchmark tables and store listings reflect base bullion prices. Retail gold purchases in India attract a standard 3% GST on the value of the metal, plus a separate 5% GST on the jewellery making charges. Import duties and local transport surcharges also influence regional price variations across states.
Check the latest gold rates here
| City | 24K Gold (₹ per 10gm) | 22K Gold (₹ per 10gm) |
| 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 |
Check the latest silver rates here
| City | Silver (₹ per 100gm) | Silver (₹ per 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 |
DON'T MISS | Jefferies' Christopher Wood sees gold at $10,000 'sooner or later'; likes India's small, midcaps
Gold rates at top jewellers
Leading retail chains kept prices unchanged on October 2, 2026. Major brands including Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹13,680 per gram across most states. Tanishq listed its 22K gold rate at ₹13,725 per gram. For 24-carat gold, Malabar quoted ₹14,924 per gram, while Tanishq stood at ₹14,973 per gram.
Minor retail rate disparities across brands stem from store-level pricing structures, inventory acquisition costs, and regional logistics, even as global commodity trends determine overall market direction.
| 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 |
*24K Tanishq rate estimated based on the prevailing purity premium over 22K gold.
DO CHECKPUT | India’s hidden stimulus: How a ₹33-lakh-crore gold stockpile could boost consumption
Joyalukkas 22K Gold Rate by State
| 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 |