Gold, silver prices on October 7: Yellow metal nears ₹1.50 lakh, silver eyes ₹2.27 lakh. Check latest rates here
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.
- Oct 7, 2026,
- Updated Oct 7, 2026 9:19 AM IST
Indian gold and silver markets remained slightly elevated on October 7 across 24-carat, 22-carat, and 18-carat purities. Gold rates neared the ₹1.50 lakh mark whereas silver is eyeing the ₹2.27 lakh mark. Benchmark gold rates stand at ₹1,49,780 per 10 gm, whereas silver rates stand at ₹2,26,410 per kg. On the Multi Commodity Exchange (MCX), gold futures dropped by 0.31% to ₹1,49,702 per 10 gm, whereas silver futures were down by 0.55% at around ₹2,26,125 per kg at the time of writing this story.
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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 | ₹1,49,280 | ₹1,36,840 |
| Mumbai | ₹1,49,540 | ₹1,37,078 |
| Bengaluru | ₹1,49,620 | ₹1,37,152 |
| Kolkata | ₹1,49,340 | ₹1,36,895 |
| Hyderabad | ₹1,49,780 | ₹1,37,298 |
| Chennai | ₹1,49,940 | ₹1,37,445 |
Check the latest silver rates here
| City | Silver (₹ per 100gm) | Silver (₹ per kg) |
| Delhi | ₹22,544 | ₹2,25,440 |
| Mumbai | ₹22,583 | ₹2,25,830 |
| Bengaluru | ₹22,561 | ₹2,25,610 |
| Kolkata | ₹22,570 | ₹2,25,700 |
| Hyderabad | ₹22,579 | ₹2,25,790 |
| Chennai | ₹22,666 | ₹2,26,660 |
DON'T MISS | GST state-centre panel proposes 3% IGST on gold, silver and platinum imports by banks
Gold rates at top jewellers
Leading retail chains kept prices unchanged on October 7, 2026. Major brands including Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹13,770 per gram across most states. Tanishq listed its 22K gold rate at ₹13,815 per gram. For 24-carat gold, Malabar quoted ₹15,022 per gram, while Tanishq stood at ₹15,071 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 | 13,770 |
| Malabar Gold & Diamonds | 22K | 13,770 |
| Malabar Gold & Diamonds | 24K | 15,022 |
| Tanishq | 22K | 13,815 |
| Tanishq | 24K* | 15,071 |
*24K Tanishq rate estimated based on the prevailing purity premium over 22K gold.
DO CHECKPUT | Gold ahead of festive season: Gold’s 26% correction could be a buying opportunity, says Tata MF
Joyalukkas 22K Gold Rate by State
| State | Rate (₹/gram) |
| Andhra Pradesh | 13,770 |
| Delhi | 13,770 |
| Gujarat | 13,770 |
| Karnataka | 13,770 |
| Kerala | 13,770 |
| Maharashtra | 13,770 |
| Odisha | 13,770 |
| Punjab | 13,770 |
| Tamil Nadu | 13,770 |
Indian gold and silver markets remained slightly elevated on October 7 across 24-carat, 22-carat, and 18-carat purities. Gold rates neared the ₹1.50 lakh mark whereas silver is eyeing the ₹2.27 lakh mark. Benchmark gold rates stand at ₹1,49,780 per 10 gm, whereas silver rates stand at ₹2,26,410 per kg. On the Multi Commodity Exchange (MCX), gold futures dropped by 0.31% to ₹1,49,702 per 10 gm, whereas silver futures were down by 0.55% at around ₹2,26,125 per kg at the time of writing this story.
MUST READ | Durga Puja, Diwali spending raises home insurance concerns as families buy gold, jewellery, valuables
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 | ₹1,49,280 | ₹1,36,840 |
| Mumbai | ₹1,49,540 | ₹1,37,078 |
| Bengaluru | ₹1,49,620 | ₹1,37,152 |
| Kolkata | ₹1,49,340 | ₹1,36,895 |
| Hyderabad | ₹1,49,780 | ₹1,37,298 |
| Chennai | ₹1,49,940 | ₹1,37,445 |
Check the latest silver rates here
| City | Silver (₹ per 100gm) | Silver (₹ per kg) |
| Delhi | ₹22,544 | ₹2,25,440 |
| Mumbai | ₹22,583 | ₹2,25,830 |
| Bengaluru | ₹22,561 | ₹2,25,610 |
| Kolkata | ₹22,570 | ₹2,25,700 |
| Hyderabad | ₹22,579 | ₹2,25,790 |
| Chennai | ₹22,666 | ₹2,26,660 |
DON'T MISS | GST state-centre panel proposes 3% IGST on gold, silver and platinum imports by banks
Gold rates at top jewellers
Leading retail chains kept prices unchanged on October 7, 2026. Major brands including Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹13,770 per gram across most states. Tanishq listed its 22K gold rate at ₹13,815 per gram. For 24-carat gold, Malabar quoted ₹15,022 per gram, while Tanishq stood at ₹15,071 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 | 13,770 |
| Malabar Gold & Diamonds | 22K | 13,770 |
| Malabar Gold & Diamonds | 24K | 15,022 |
| Tanishq | 22K | 13,815 |
| Tanishq | 24K* | 15,071 |
*24K Tanishq rate estimated based on the prevailing purity premium over 22K gold.
DO CHECKPUT | Gold ahead of festive season: Gold’s 26% correction could be a buying opportunity, says Tata MF
Joyalukkas 22K Gold Rate by State
| State | Rate (₹/gram) |
| Andhra Pradesh | 13,770 |
| Delhi | 13,770 |
| Gujarat | 13,770 |
| Karnataka | 13,770 |
| Kerala | 13,770 |
| Maharashtra | 13,770 |
| Odisha | 13,770 |
| Punjab | 13,770 |
| Tamil Nadu | 13,770 |