Gold and Silver Rates Today: Gold and silver saw additional steep price drops on Friday, October 23, 2026. This is a nice gift for customers who want to shop early for the holiday season. The price of silver was reported at under Rs 2 lakh per kg in some bullion trading outlets. A reported price of gold was down Rs 1,500 per 10 grams in another market.
There has been a series of corrections for both metals due to uncertainty surrounding international trading, higher crude prices and fears of high inflation. There is also an increased likelihood that some jewellers might choose to lower their prices during this period as well.
Current Gold Price in India: 24K Gold and 22K Gold
Precious metals experienced a decline internationally on Thursday, and gold continued to be hit on Friday, October 23, 2026. Based on some published city rates, 24k gold is roughly Rs 1.43 lakh per 10 grams, and 22k gold is about Rs 1.31 lakh per 10 grams.
- Delhi: 24K gold at Rs 1,43,130; 22K gold at Rs 1,31,203 per 10 grams.
- Mumbai: 24K gold at Rs 1,43,370; 22K gold at Rs 1,31,423 per 10 grams.
- Chennai: 24K gold at Rs 1,43,790; 22K gold at Rs 1,31,808 per 10 grams.
- Kolkata: 24K gold at Rs 1,43,180; 22K gold at Rs 1,31,248 per 10 grams.
- Bengaluru: 24K gold at Rs 1,43,490; 22K gold at Rs 1,31,533 per 10 grams.
- Hyderabad: 24K gold at Rs 1,43,600; 22K gold at Rs 1,31,633 per 10 grams.
Gold and silver prices continue a downward trend in the international market as well. Most recently, COMEX Gold was trading at $4,029.40 per ounce, down $31 or 0.76 per cent. Meanwhile, COMEX Silver declined $0.97 or 1.67 per cent to $54.090 per ounce.
Before Pledging Your Gold: What Should You Check About Value, Costs and Repayment?
Silver Rate Today
A report dated Oct 23rd showed silver price at Rs 193,960/kg. This has brought silver below Rs 200,000. Silver prices are not the same across rate trackers. There are still some that report silver at more than Rs 200,000/kg. Therefore, buyers should confirm with bullion dealers in their vicinity before making purchases of silver products such as coins, utensils or jewellery.
Should One Buy Gold and Silver Now?
There was a decrease in the price, which will aid people who plan to make purchases for upcoming festivals and weddings. However, it should be kept in mind that this is not necessarily the lowest point at which gold and silver can be purchased.
Jewellery buyers should look at the prices of different jewellers and compare the purity of the metal. 22-carat gold is the norm for jewellery, and investment products such as bars and coins usually prefer 24-carat gold, depending on the product specifications.
Remember to add GST and making charges to the jewellery price when considering a purchase. A reduction in the market price will be noticeable, however it might not have an effect on your overall bill because these factors are out of the consumer’s control.
