Gold & Silver Rates Update
Gold and silver prices saw a drop on October 22, following strong demand around Diwali 2025. While India’s MCX was closed for normal trading due to Diwali Balipratipada, futures rates from October 21 showed MCX Gold at ₹1,28,000 per 10 grams and MCX Silver at ₹1,50,000 per kg. According to IBA data, 24-carat gold was ₹1,28,270/10 gm and 22-carat gold was ₹1,17,581/10 gms. This report provides a detailed breakdown of gold and silver bullion rates for major cities like Mumbai, Bengaluru, Chennai, New Delhi, and Kolkata, highlighting the daily fluctuations and local variations for consumers.
On October 22, the gold and silver markets exhibited interesting trends across major Indian cities. Despite MCX being closed for regular trading due to Diwali, the previously closed futures rates set a benchmark: ₹1,28,000/10 gm for gold and ₹1,50,000/kg for silver. This stability in MCX rates contrasts with the varying bullion prices reported locally.
For instance, Chennai reported the highest gold bullion rate at ₹1,28,410/10 gm, while New Delhi offered the lowest at ₹1,27,820/10 gm. Similarly, Chennai also showed the highest silver bullion rate at ₹1,50,490/kg, with New Delhi again having the lowest at ₹1,49,790/kg. These city-specific differences in gold prices today highlight the impact of local demand, supply logistics, and operational costs. For consumers and investors tracking gold price trends and silver price analysis, understanding these regional variations is crucial for making informed decisions, especially when considering investment in gold or silver. The dip in prices post-Diwali demand could signal a new phase for precious metal valuations.
| City | Gold Bullion (₹/10 gm) | MCX Gold (₹/10 gm) | Silver Bullion (₹/kg) | MCX Silver (₹/kg) |
|---|---|---|---|---|
| Mumbai | 1,28,040 | 1,28,000 | 1,50,050 | 1,50,000 |
| Pune | 1,28,040 | 1,28,000 | 1,50,050 | 1,50,000 |
| New Delhi | 1,27,820 | 1,28,000 | 1,49,790 | 1,50,000 |
| Kolkata | 1,27,870 | 1,28,000 | 1,49,850 | 1,50,000 |
| Ahmedabad | 1,28,210 | 1,28,000 | 1,50,250 | 1,50,000 |
| Bengaluru | 1,28,140 | 1,28,000 | 1,50,170 | 1,50,000 |
| Hyderabad | 1,28,240 | 1,28,000 | 1,50,290 | 1,50,000 |
| Chennai | 1,28,410 | 1,28,000 | 1,50,490 | 1,50,000 |
| IBA 24-carat | 1,28,270 | (Silver 999 Fine) 1,50,320 | ||
| IBA 22-carat | 1,17,581 |
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