Gold, silver prices on October 30: Check latest rates in Delhi, Mumbai, Kolkata, other cities
Silver’s uninterrupted 2025 bull run has hit a wall, with the metal surrendering more than half of its gains as surging crude oil prices and persistent inflation fears fuel expectations of further US interest rate hikes.
- Oct 31, 2026,
- Updated Oct 31, 2026 10:02 AM IST
Indian gold and silver markets slipped further on October 31 across 24-carat, 22-carat, and 18-carat purities. Benchmark gold rates stand at ₹1,38,830 per 10 gm while silver continued its slip from the ₹2-lakh mark trading at ₹1,79,430 per kg. Silver’s uninterrupted 2025 bull run has hit a wall, with the metal surrendering more than half of its gains as surging crude oil prices and persistent inflation fears fuel expectations of further US interest rate hikes.
On the Multi Commodity Exchange (MCX), gold futures were marginally down by 0.05% at ₹1,38,419 per 10 gm, whereas silver futures were down by 0.13% at around ₹1,78,900 per kg at the time of writing this story.
Higher interest rates remain a headwind for non-yielding gold, with markets also watching global economic risks and rising geopolitical tensions in the West Asia region.
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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 | ₹1,38,340 | ₹1,26,812 |
| Mumbai | ₹1,38,580 | ₹1,27,032 |
| Bengaluru | ₹1,38,680 | ₹1,27,123 |
| Kolkata | ₹1,38,390 | ₹1,26,858 |
| Hyderabad | ₹1,38,790 | ₹1,27,224 |
| Chennai | ₹1,38,980 | ₹1,27,398 |
Check the latest silver rates here
| City | Silver (₹ per 100gm) | Silver (₹ per kg) |
| Delhi | ₹17,943 | ₹1,79,430 |
| Mumbai | ₹17,943 | ₹1,79,430 |
| Bengaluru | ₹17,943 | ₹1,79,430 |
| Kolkata | ₹17,943 | ₹1,79,430 |
| Hyderabad | ₹17,943 | ₹1,79,430 |
| Chennai | ₹17,943 | ₹1,79,430 |
MUST READ | Gold prices correct: Jewellers may gain, but will gold loan growth and lender margins take a hit?
Gold rates at top jewellers
Leading retail chains kept prices unchanged on October 31, 2026. At major brands like Joyalukkas 22K gold is trading at ₹13,040 while Malabar Gold & Diamonds quoted ₹12,730 per gram across most states. Tanishq listed its 22K gold rate at ₹13,090 per gram. For 24-carat gold, Malabar quoted ₹13,887 per gram, while Tanishq stood at ₹14,280 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 | 13,040 |
| Malabar Gold & Diamonds | 22K | 12,730 |
| Malabar Gold & Diamonds | 24K | 13,887 |
| Tanishq | 22K | 13,090 |
| Tanishq | 24K* | 14,280 |
*24K Tanishq rate estimated based on the prevailing purity premium over 22K gold.
DO CHECKOUT | Diwali investment: Want to buy digital gold this Dhanteras? BharatPe offers 5% extra gold to eligible buyers
Joyalukkas 22K Gold Rate by State
| State | Rate (₹/gram) |
| Andhra Pradesh | 13,040 |
| Delhi | 13,040 |
| Gujarat | 13,040 |
| Karnataka | 13,040 |
| Kerala | 13,040 |
| Maharashtra | 13,040 |
| Odisha | 13,040 |
| Punjab | 13,040 |
| Tamil Nadu | 13,040 |
Indian gold and silver markets slipped further on October 31 across 24-carat, 22-carat, and 18-carat purities. Benchmark gold rates stand at ₹1,38,830 per 10 gm while silver continued its slip from the ₹2-lakh mark trading at ₹1,79,430 per kg. Silver’s uninterrupted 2025 bull run has hit a wall, with the metal surrendering more than half of its gains as surging crude oil prices and persistent inflation fears fuel expectations of further US interest rate hikes.
On the Multi Commodity Exchange (MCX), gold futures were marginally down by 0.05% at ₹1,38,419 per 10 gm, whereas silver futures were down by 0.13% at around ₹1,78,900 per kg at the time of writing this story.
Higher interest rates remain a headwind for non-yielding gold, with markets also watching global economic risks and rising geopolitical tensions in the West Asia region.
DON'T MISS | Gold prices correct, ETFs see $3 billion in redemptions: Is this the right time to invest?
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 | ₹1,38,340 | ₹1,26,812 |
| Mumbai | ₹1,38,580 | ₹1,27,032 |
| Bengaluru | ₹1,38,680 | ₹1,27,123 |
| Kolkata | ₹1,38,390 | ₹1,26,858 |
| Hyderabad | ₹1,38,790 | ₹1,27,224 |
| Chennai | ₹1,38,980 | ₹1,27,398 |
Check the latest silver rates here
| City | Silver (₹ per 100gm) | Silver (₹ per kg) |
| Delhi | ₹17,943 | ₹1,79,430 |
| Mumbai | ₹17,943 | ₹1,79,430 |
| Bengaluru | ₹17,943 | ₹1,79,430 |
| Kolkata | ₹17,943 | ₹1,79,430 |
| Hyderabad | ₹17,943 | ₹1,79,430 |
| Chennai | ₹17,943 | ₹1,79,430 |
MUST READ | Gold prices correct: Jewellers may gain, but will gold loan growth and lender margins take a hit?
Gold rates at top jewellers
Leading retail chains kept prices unchanged on October 31, 2026. At major brands like Joyalukkas 22K gold is trading at ₹13,040 while Malabar Gold & Diamonds quoted ₹12,730 per gram across most states. Tanishq listed its 22K gold rate at ₹13,090 per gram. For 24-carat gold, Malabar quoted ₹13,887 per gram, while Tanishq stood at ₹14,280 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 | 13,040 |
| Malabar Gold & Diamonds | 22K | 12,730 |
| Malabar Gold & Diamonds | 24K | 13,887 |
| Tanishq | 22K | 13,090 |
| Tanishq | 24K* | 14,280 |
*24K Tanishq rate estimated based on the prevailing purity premium over 22K gold.
DO CHECKOUT | Diwali investment: Want to buy digital gold this Dhanteras? BharatPe offers 5% extra gold to eligible buyers
Joyalukkas 22K Gold Rate by State
| State | Rate (₹/gram) |
| Andhra Pradesh | 13,040 |
| Delhi | 13,040 |
| Gujarat | 13,040 |
| Karnataka | 13,040 |
| Kerala | 13,040 |
| Maharashtra | 13,040 |
| Odisha | 13,040 |
| Punjab | 13,040 |
| Tamil Nadu | 13,040 |