Gold starts the week higher, silver gains momentum: Check October 19 rates
Mumbai: Gold and silver prices moved higher on Monday, October 19, 2026, supported by gains in the international bullion market and changing expectations about US interest rates. MCX gold futures for December delivery rose to Rs 1,48,312 per 10 grams, while silver futures increased to Rs 2,12,627 per kilogram in morning trade. Retail gold prices vary across Indian cities and depend on purity, local taxes and jewellers’ pricing.
Gold and silver prices today: October 19, 2026
Gold remained near $4,180 per ounce in early global trading. US gold futures rose 0.36% to $4,196.10 per ounce, while domestic gold futures gained 0.27% to Rs 1,48,312 per 10 grams at around 9.13 am IST.
Silver futures performed relatively better, rising 0.68% to Rs 2,12,627 per kilogram. International spot silver also advanced, trading above $57.70 per ounce, according to the market figures cited in reports.
Domestic spot gold had closed the previous trading session on October 16 at Rs 1,45,894 per 10 grams, while silver closed at Rs 2,10,664 per kilogram.
Gold rates today in major Indian cities
The following retail rates were supplied for October 19, 2026. These are indicative figures and may differ from live jeweller quotes.
City | 22K gold (10g) | 24K gold (10g) | 18K gold (10g) |
|---|---|---|---|
Kochi | Rs 1,35,360 | Rs 1,47,660 | Rs 1,10,750 |
Chennai | Rs 1,35,500 | Rs 1,47,810 | Rs 1,10,860 |
Bengaluru | Rs 1,35,500 | Rs 1,47,810 | Rs 1,10,860 |
Delhi | Rs 1,35,500 | Rs 1,47,810 | Rs 1,10,860 |
Mumbai | Rs 1,35,360 | Rs 1,47,660 | Rs 1,10,750 |
Gold prices can differ between cities because of local market conditions and pricing practices. The figures above should be checked with local jewellers before making a purchase.
Gold price in Kerala: Kochi rates
For buyers in Kochi and elsewhere in Kerala, the supplied indicative prices are:
- 24K gold: Rs 14,766 per gram
- 22K gold: Rs 13,536 per gram
- 18K gold: Rs 11,075 per gram
- 22K gold, 8 grams: Rs 1,08,288
The price of one pavan, equivalent to eight grams of gold in Kerala, is commonly quoted using the 22K rate. Making charges, wastage charges and applicable taxes can increase the final jewellery bill.
Silver prices today in Kerala
The supplied indicative silver rates for Kochi on October 19 are:
Silver quantity | Indicative price |
|---|---|
1 gram | Rs 245–258.90 |
10 grams | Rs 2,450–2,589 |
100 grams | Rs 24,500–25,890 |
1 kilogram | Rs 2,45,000–2,58,900 |
Silver prices today in India: city-wise rates
Silver prices can vary across cities due to local taxes, transport costs, dealer margins and jeweller pricing. Rates quoted for retail silver may also differ from MCX silver futures prices.
Rates published for 19 October 2026 show differences between providers, so the following table uses the city-wise rates.
City | Silver per 10 grams | Silver per 100 grams | Silver per kg | |
|---|---|---|---|---|
Chennai | ₹2,480 | ₹24,800 | ₹2,48,000 | |
Delhi | ₹2,470 | ₹24,700 | ₹2,47,000 | |
Mumbai | ₹2,460 | ₹24,600 | ₹2,46,000 | |
Bengaluru | ₹2,420 | ₹24,200 | ₹2,42,000 | |
Hyderabad | ₹2,560 | ₹25,600 | ₹2,56,000 | |
Kolkata | ₹2,420 | ₹24,200 | ₹2,42,000 |
These retail estimates are higher than the reported MCX silver futures price of Rs 2,12,627 per kilogram. The figures refer to different market measures and should not be treated as directly interchangeable. Buyers should confirm the applicable purity, retail rate and taxes with their jeweller.
Why are gold and silver prices rising?
1. Expectations about US interest rates
Market attention is focused on the US Federal Reserve’s policy meeting scheduled for October 27–28. Reports indicate that traders have reduced expectations of an immediate rate increase and are pricing in a high probability that rates will remain unchanged.
Gold does not pay interest, so its relative appeal can improve when markets expect borrowing costs to remain stable or fall. However, bullion prices can also move sharply as investors reassess inflation and monetary policy.
2. Inflation and energy prices
Oil prices remain elevated despite reported declines in crude benchmarks. Persistent energy costs can contribute to inflation, complicating decisions for central banks.
If inflation remains high, interest rates could stay elevated for longer, potentially limiting gains in gold. Conversely, expectations of lower rates may support bullion.
3. Safe-haven demand
Geopolitical tensions and volatility in equity markets have also supported demand for assets that investors view as stores of value. Gold often attracts buyers during periods of uncertainty, although its price can still fall when the US dollar strengthens or bond yields rise.
Silver can respond to these factors as well, but its industrial uses mean that expectations for manufacturing and economic growth can also influence its price.
What should buyers watch next?
The Federal Reserve’s October 27–28 meeting is an important event for bullion markets. Investors will also monitor inflation data, movements in the US dollar, bond yields, crude oil prices and geopolitical developments.
For jewellery buyers, short-term price movements are only one consideration. The final cost depends on the purity of gold or silver, the jeweller’s rate, making charges and applicable taxes. Buyers should compare current local quotes rather than relying solely on futures prices.
(Disclaimer: The city-wise retail rates above are based on the figures supplied in the prompt and have not been independently verified against live jeweller listings. The source reports also use different measures for domestic bullion prices, so futures, spot and retail rates should be identified separately.)