The prices of gold and silver continued to remain under pressure in the Indian market on Thursday, October 22, 2026, due to the fall in prices in the domestic as well as international markets. The prices of gold declined due to a change in sentiment in the global market and the movement of currencies, with investors keeping an eye on the price of crude oil and the decision on monetary policy by the US Federal Reserve. According to the market reports, international spot gold declined to $4,124 per ounce.
Gold and silver prices are different in different cities due to various factors, including local market conditions, jeweller’s pricing and taxes. In Delhi, Mumbai, and Kolkata, buyers can check the latest prices of 24-carat and 22-carat gold, but it would be advisable to do some comparison with local jewellers before buying. Twenty-four-carat gold is known to be the purest form of gold that is easily available in the market, and 22-carat gold is most popularly used to create jewellery.
According to the latest available rates for various cities, 24-carat gold rate in Delhi, Mumbai, and Kolkata stood at about ₹1,43,020 per 10 grams, while 22-carat gold rate was reported to be about ₹1,31,010 per 10 grams. The rate may vary among jewellers and with market updates. The indicative rate of 999 purity silver was about ₹2,11,946 per kg in Delhi, ₹2,11,906 in Mumbai, and ₹2,12,006 in Kolkata.
Factors such as the value of the Indian rupee, international bullion prices, and the uncertainty in interest rate hikes of the US Federal Reserve have been driving the decrease in precious metals’ prices. A strong rupee could lead to the fall in the rate of domestic gold rate while the increase in the crude oil prices may fuel the inflation fears and impact the monetary policies.
Potential buyers of jewellery and silver goods need to know that the rate shown here may not reflect the final billing price. GST, making charges, and other additional charges will make the purchase price go up. Consumers are advised to check the latest rate from local jewellers prior to buying any product.
