Introduction
Gold and silver prices are important considerations for jewellery buyers, investors and traders across India. Whether you are planning to purchase gold jewellery, invest in bullion or track commodity market movements, checking the gold rate today can help you understand the latest price trends before making a decision.
On Friday, October 23, 2026, gold and silver prices were under pressure in the Indian market. Morning market reports showed a decline in MCX gold futures and a sharper fall in silver futures. However, retail gold rates can differ across cities, jewellery brands and price-reporting services.
This article covers the latest available indicative gold prices, including 22-carat and 24-carat gold, the silver rate today, city-wise prices in Chennai, Bangalore, Hyderabad, Mumbai and Coimbatore, and the latest available MCX market information.
Important: Gold and silver prices change throughout the day. The figures below are indicative and should be verified with a local jeweller or an up-to-date market source before buying or selling.
Gold Rate Today in India
The gold rate depends on purity, international bullion prices, currency movements, import costs, taxes and local market conditions. Prices quoted by bullion exchanges, market data providers and jewellery retailers may not be identical.
According to market data reported by India Today on October 23, 2026, the indicative 24-carat gold price was around ₹1,42,330 per 10 grams, while 22-carat gold was around ₹1,30,469 per 10 grams. These figures were reported separately from the MCX futures price and may differ from local jewellery rates. Source: India Today.
Gold price today by purity
| Gold Purity | Indicative Price per Gram | Indicative Price per 10 Grams |
|---|---|---|
| 24-carat gold | ₹14,233 | ₹1,42,330 |
| 22-carat gold | ₹13,047 | ₹1,30,469 |
| 18-carat gold | Check the latest local rate | Check the latest local rate |
These are indicative reference figures, not guaranteed jewellery shop prices. Actual prices may vary by city, source, time of update and retailer.
Gold Rate Today 22 Carat vs 24 Carat
Understanding the difference between 22-carat and 24-carat gold is important when comparing today’s gold price.
What is 24-carat gold?
24-carat gold is considered nearly pure gold, typically marketed at 99.9% purity. It is commonly used for bullion bars and coins, subject to the product’s specifications.
Because it has a high gold content, its price per gram is generally higher than that of 22-carat gold. Pure gold is relatively soft, which makes it less suitable for many types of everyday jewellery.
What is 22-carat gold?
22-carat gold contains approximately 91.67% gold, with the remaining proportion made up of other metals. These additional metals improve hardness and make the alloy more suitable for many jewellery designs.
Consumers searching for today’s gold rate in India often focus on 22-carat gold because it is widely used for traditional jewellery.
Which gold purity should you choose?
The right choice depends on the intended use.
- For jewellery: Compare 22-carat prices and the exact purity stated on the product.
- For investment coins or bars: Check the stated purity, certification, buyback terms and total purchase price.
- For diamond jewellery: The setting may use 18-carat gold, so compare the correct purity rather than assuming every piece is 22-carat.
Always check the product’s hallmark and purity information before making a purchase.
Gold Rate Today in Chennai
Chennai is a major jewellery market, and consumers frequently search for the gold rate today in Chennai before visiting a showroom.
The city’s retail gold prices can differ from national benchmarks because of local pricing practices, taxes, retailer margins and other costs. The quoted rate may also change during the day.
To check today’s gold rate in Chennai:
- Identify whether you need 22-carat, 24-carat or 18-carat gold.
- Check a current Chennai-specific rate listing.
- Compare the jeweller’s quoted gold price with the reference rate.
- Ask for a separate breakdown of making charges, applicable GST and any additional fees.
For consumers purchasing jewellery, the final bill matters more than the headline gold rate alone.
Gold Rate Today in Bangalore
Bangalore is another major market for gold jewellery, coins and investment products. Buyers searching for the gold rate today in Bangalore should check both the current market reference and the price offered by their chosen jeweller.
The gold price in Bangalore may differ slightly from rates in other cities. Such differences can arise from local market conditions, retailer pricing and the timing of the rate update.
Before purchasing gold, compare the price per gram, confirm purity and review the total bill. If you are buying a coin or bar, check its weight, certification, packaging and resale policy.
Gold Rate Today in Hyderabad
Gold has a strong presence in Hyderabad’s jewellery market, with demand for traditional designs and wedding jewellery throughout the year.
The gold rate today in Hyderabad can vary by purity and retailer. Customers should compare the latest 22-carat and 24-carat prices instead of relying on a rate published for another city.
If you are planning a jewellery purchase, request a written estimate that separates the metal value, making charges, applicable taxes and any stone-related charges.
This makes it easier to compare offers from different showrooms on a like-for-like basis.
Gold Rate Today in Mumbai
Mumbai is a major bullion and jewellery trading centre. Its gold prices are influenced by domestic and international bullion markets, exchange rates, local demand and retailer pricing.
Consumers searching for the gold rate today in Mumbai should check whether the quoted amount refers to the retail price of jewellery, a bullion benchmark or an exchange-traded futures contract.
These prices serve different purposes and should not be treated as interchangeable. A jeweller’s final selling price can include costs that are not reflected in a wholesale benchmark.
Gold Rate Today in Coimbatore
Coimbatore is an important jewellery market in Tamil Nadu. Consumers looking for the gold rate today in Coimbatore should compare local prices for the correct purity and weight.
Rates may differ from those in Chennai or other cities. For an accurate purchase estimate, check the current local rate and ask the retailer about making charges, wastage charges where applicable, and taxes.
A reliable comparison should use the same purity, weight and jewellery specifications across retailers.
How to check city-wise gold prices
The following resources can help you compare reported prices:
- Golden Chennai — city-wise reference rates, including Chennai, Bangalore, Mumbai and Hyderabad.
- India Today — reported gold prices and commodity market updates.
- Your chosen jewellery retailer — the final quoted price and purchase terms.
Always check the update date and time before relying on a published figure.
Silver Rate Today in India
Silver is widely used in jewellery, utensils, coins, industrial applications and investment products. Like gold, its price can change in response to global demand, currency movements, interest-rate expectations and trading activity.
On October 23, 2026, India Today reported that MCX silver futures were trading at approximately ₹1,93,545 per kilogram at 10:11 AM IST, down ₹6,054 from the previous close. Separately reported physical bullion prices differed slightly. Source: India Today.
Silver price reference
| Measurement | Indicative Price |
|---|---|
| Silver per kilogram | ₹1,93,545 |
| Silver per 100 grams | ₹19,354.50 |
| Silver per 10 grams | ₹1,935.45 |
| Silver per gram | ₹193.55 |
These amounts are calculated from the reported MCX futures price per kilogram. They are not guaranteed retail prices for physical silver.
Silver rate today in Delhi
Silver prices in Delhi may differ from those in other cities depending on the local market and the pricing source. Before purchasing silver jewellery, coins or bullion, check the current local rate and the product’s stated purity.
Silver rate today in Hyderabad
Consumers in Hyderabad should compare current local silver prices with a clearly dated reference. The final purchase price can depend on purity, product type, retailer charges and applicable taxes.
Remember that the exchange price of silver futures is different from the retail price of physical silver.
MCX Gold Price Today
The Multi Commodity Exchange of India, commonly known as MCX, is a major platform for trading commodity futures, including gold and silver.
The MCX gold price is useful for understanding short-term market movements. However, it does not directly represent the final price a consumer pays for jewellery at a showroom.
According to India Today, MCX gold futures were trading at around ₹1,41,994 per 10 grams at 10:11 AM IST on October 23, 2026. The contract was down ₹1,315 from its previous close at that time. Its reported intraday range was ₹1,41,806 to ₹1,42,581 per 10 grams. Source: India Today.
What affects MCX gold prices?
Several factors influence the MCX gold price:
- International gold prices: Changes in global bullion markets can affect domestic futures.
- Currency movements: A change in the rupee’s value against the US dollar can influence the domestic price of imported gold.
- Interest rates: Expectations about central bank policy can affect investor demand for gold.
- Economic uncertainty: Investors may change their allocation to precious metals during periods of market uncertainty.
- Trading activity: Futures prices can move in response to buying, selling and changes in market expectations.
Gold futures have expiry dates and contract specifications. Traders should check the exact contract, price unit, expiry and risk requirements before making decisions.
Gold MCX vs Physical Gold Price
Although MCX gold and physical gold prices are related, they are not identical.
| Feature | MCX Gold | Physical Gold |
|---|---|---|
| Product | Exchange-traded futures contract | Jewellery, coin or bullion |
| Price unit | Depends on the contract | Usually quoted per gram or 10 grams |
| Additional costs | Brokerage and other trading costs may apply | Making charges, applicable taxes and retailer costs may apply |
| Main use | Trading and market exposure | Jewellery ownership or physical bullion ownership |
| Price changes | Moves during exchange trading | Retail prices vary by location and retailer |
An MCX price should therefore be used as a market indicator rather than a guaranteed retail purchase price.
Why Do Gold Rates Change Every Day?
Gold prices are influenced by both international markets and domestic conditions.
International demand and supply
Gold is traded internationally. Changes in demand from investors, central banks, jewellery buyers and other market participants can influence its price.
US dollar and rupee exchange rate
Gold is commonly priced in US dollars internationally. When the rupee weakens against the dollar, the domestic cost of imported gold may rise, all else being equal. A stronger rupee can have the opposite effect.
Interest rates and inflation expectations
Gold does not pay interest like a conventional deposit. Changes in interest-rate expectations can therefore affect its relative appeal compared with interest-bearing assets.
Local demand and seasonal buying
Jewellery purchases often increase around weddings and festivals. Local demand, retailer pricing and inventory conditions can influence the rates offered to consumers.
Taxes and retail costs
The final jewellery price can include costs beyond the value of the gold itself. These may include making charges and applicable GST. Buyers should check the current tax treatment and the retailer’s invoice.
How to Calculate the Cost of Gold Jewellery
Checking the gold rate today is only the first step when estimating the cost of a jewellery purchase.
A simplified calculation is:
Gold value = Gold weight × Applicable price per gram
For example, suppose you plan to purchase a 10-gram 22-carat gold ornament at an illustrative rate of ₹13,047 per gram.
- Gold value: 10 × ₹13,047 = ₹1,30,470.
- Making charges: Added according to the jeweller’s pricing method.
- Applicable GST and other disclosed charges: Added as required.
The final amount will be higher than the metal value alone. This example is for illustration and does not represent a guaranteed current shop quote.
Ask the jeweller for an itemised bill so you can compare the total cost, purity, net gold weight and buyback terms.
Is Today a Good Time to Buy Gold?
Whether today is a suitable time to buy gold depends on your purpose, time horizon and ability to tolerate price fluctuations.
For jewellery buyers, comparing several retailers and understanding the full invoice may be more useful than trying to predict short-term price movements.
For investors, gold prices can rise or fall, and past performance does not guarantee future returns. Consider liquidity, transaction costs, portfolio diversification and the specific product being purchased.
MCX futures are different from buying physical gold and can involve leverage and substantial losses. They are generally unsuitable for people who do not understand futures trading and its risks.
No single day’s price movement can establish whether gold will rise or fall next.
Frequently Asked Questions
1. What is the gold rate today in India?
Gold prices vary by purity, location and source. On October 23, 2026, one reported market reference put 24-carat gold at approximately ₹1,42,330 per 10 grams and 22-carat gold at approximately ₹1,30,469 per 10 grams. Verify the latest local price before buying.
2. What is today’s gold rate for 22-carat gold?
The reported indicative 22-carat price was approximately ₹13,047 per gram on October 23, 2026. Retail prices may differ across cities and jewellers.
3. What is the difference between 22K and 24K gold?
24-carat gold is nearly pure gold, while 22-carat gold contains approximately 91.67% gold. The latter is commonly used for jewellery because the additional metals make it harder.
4. Where can I check the gold rate today in Chennai?
Check a current Chennai-specific rate listing, such as Golden Chennai, and confirm the price with your chosen jeweller. Compare the same purity and weight.
5. How can I check the gold rate in Bangalore, Hyderabad and Mumbai?
Use city-specific price listings and compare them with the retailer’s current quote. Differences can arise from local pricing, source methodology and update times.
6. What is the silver rate today?
India Today reported MCX silver futures at around ₹1,93,545 per kilogram at 10:11 AM IST on October 23, 2026. Physical silver prices can differ from futures prices.
7. What is the MCX gold price today?
MCX gold futures were reported at around ₹1,41,994 per 10 grams at 10:11 AM IST on October 23, 2026. This is a time-specific futures quote, not a guaranteed retail gold price.
8. Does the gold rate include GST and making charges?
A quoted benchmark gold rate may exclude retail jewellery costs. Check the itemised invoice for the applicable tax, making charges and any other disclosed costs.
9. Why do gold prices differ between cities?
Prices may differ because of local market conditions, retailer margins, taxes, pricing methods and the time at which a rate was updated.
10. Is MCX gold the same as physical gold?
No. MCX gold refers to exchange-traded futures contracts, whereas physical gold refers to jewellery, coins or bullion. The prices and costs associated with these products differ.
Conclusion
Checking the gold rate today helps consumers compare prices before purchasing jewellery or bullion and helps market watchers understand precious-metal trends. On October 23, 2026, reported Indian gold and silver prices were lower during the morning trading session, while MCX futures provided a separate indicator of market activity.
Whether you are searching for the gold rate today in Chennai, Bangalore, Hyderabad, Mumbai or Coimbatore, always check the latest city-specific price and confirm the quote with your retailer. For silver and MCX updates, use a clearly dated source and distinguish exchange-traded prices from physical retail rates.
Gold and silver prices can change rapidly. Treat published figures as reference points, verify the latest rate before a transaction, and consider all costs before making a purchase or investment decision.