Gold & Silver Rates Today
On October 18, as India celebrates Dhanteras, gold and silver prices are high. Despite a recent pullback after US tariff hints, gold remains a strong ‘safe haven’ investment, with prices skyrocketing 1,200% over two decades. MCX gold index stands at ₹1,27,320/10 gm, and silver at ₹1,57,300/kg. Retail customers should note that jewellers add making charges and GST. Check the latest gold and silver rates for 24-carat and 22-carat in major Indian cities like Mumbai, New Delhi, Kolkata, Bengaluru, Hyderabad, and Chennai to make informed decisions on this auspicious day.
A comparative analysis of gold and silver prices across major Indian cities on October 18 reveals interesting trends. While MCX Gold and MCX Silver 999 rates remain uniform at ₹1,27,320/10 gm and ₹1,57,300/kg respectively across all listed cities, there are noticeable variations in the local bullion rates. For gold bullion, Chennai records the highest price at ₹1,27,690/10 gm, followed by Hyderabad (₹1,27,520) and Bengaluru (₹1,27,420), indicating potentially higher local demand or operational costs. New Delhi offers the lowest gold bullion rate among the listed cities at ₹1,27,100/10 gm, making it a potentially attractive market for buyers on Dhanteras.
Similarly, for silver bullion, Chennai also shows the highest rate at ₹1,57,760/kg, closely followed by Hyderabad (₹1,57,550) and Bengaluru (₹1,57,420). New Delhi again records the lowest silver bullion rate at ₹1,57,030/kg. These city-specific differences in bullion rates highlight the regional dynamics of the precious metals market, even as standardized MCX rates provide a national benchmark. This divergence is crucial for consumers checking Dhanteras gold prices or silver rates today, as local jewellers’ bullion prices, along with making charges and GST, ultimately determine the final cost. Understanding these regional variations can help investors and buyers make informed decisions, especially when looking for the best gold rate today or silver price today in their specific city.
| City | Gold Bullion (₹/10 gm) | MCX Gold (₹/10 gm) | Silver Bullion (₹/kg) | MCX Silver 999 (₹/kg) |
|---|---|---|---|---|
| Mumbai | 1,27,320 | 1,27,320 | 1,57,300 | 1,57,300 |
| New Delhi | 1,27,100 | 1,27,320 | 1,57,030 | 1,57,300 |
| Kolkata | 1,27,150 | 1,27,320 | 1,57,090 | 1,57,300 |
| Bengaluru | 1,27,420 | 1,27,320 | 1,57,420 | 1,57,300 |
| Hyderabad | 1,27,520 | 1,27,320 | 1,57,550 | 1,57,300 |
| Chennai | 1,27,690 | 1,27,320 | 1,57,760 | 1,57,300 |
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