Gold prices in the country have fallen further. On the morning of October 17, the price of 24-carat gold in the national capital, Delhi, stands at ₹147,580 per 10 grams. In Mumbai, the price is ₹147,430 per 10 grams. In the spot market, gold prices have declined by ₹4,500—or 3 percent—this week. In the international market, spot gold is trading at $4,165.12 per ounce. Globally, the price of gold has weakened by 0.7 percent this week. Within the country, gold and silver prices are influenced by both domestic and global factors.

Gold rates in some major cities:

Delhi: The price of 24-carat gold in Delhi is ₹147,580 per 10 grams, while the price for 22-carat gold is ₹135,290 per 10 grams.

Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹135,140 per 10 grams, and the price of 24-carat gold is ₹147,430 per 10 grams.

Chennai: The price of 24-carat gold is ₹147,430 per 10 grams, and the price for 22-carat gold is ₹135,140 per 10 grams.

Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹147,430 per 10 grams, and the price of 22-carat gold is ₹135,140 per 10 grams. 

City    Today’s Price of 22-Carat Gold (₹)    Today’s Price of 24-Carat Gold (₹)
Delhi           135,290                                       147,580
Mumbai       135,140                                        147,430
Ahmedabad    135,190                                     147,480
Chennai      135,140                                         147,430
Kolkata      135,140                                          147,430
Hyderabad    135,140                                      147,430
Jaipur        135,290                                        147,580
Bhopal        135,190                                       147,480
Lucknow    135,290                                     147,580
Chandigarh    135,290                               147,580

Price of Silver

The decline in silver—another precious metal—continues. As of the morning of October 17, the price of silver stands at ₹229,900 per kilogram. In the spot market, silver prices have seen a decrease of ₹13,500, or 6 percent, this week. In the international market, the price of spot silver is $57.05 per ounce.

Gold Imports Decline for the Second Consecutive Month

Gold imports into India have recorded a decline for the second consecutive month. In September, gold imports fell by 81.27 percent to $1.8 billion. This drop in imports is attributed to a significant hike in customs duties on precious metals. Silver imports also declined for the second consecutive month in September, falling by 49.11 percent to $665 million ($0.665 billion). The government has increased the import duty on precious metals, such as gold and silver, from 6 percent to 15 percent, effective from May 13, 2026. During the April–September 2026 period, gold imports declined by 27.32 percent to $19.27 billion. Meanwhile, silver imports fell by 25.17 percent to $2.4 billion.

PC Social Media