Gold and silver rates vary across major Indian cities, with Delhi recording slightly higher gold prices than other listed cities.
Gold prices in India edged up by ₹1 per gram across all purity levels on Wednesday, October 28, 2026, compared with the previous day. The price of 24K gold rose to ₹14,330 per gram, while 22K gold increased to ₹13,136 and 18K gold to ₹10,758 per gram.
| Purity | Price (Per Gram) |
| 24K Gold (99.9% purity) | ₹14,330 |
| 22K Gold (91.6% purity) | ₹13,136 |
| 18K Gold (75% purity) | ₹10,758 |
City-wise gold rate (1 gram)
| Cities | 24 Carat | 22 Carat | 18 Carat |
|---|---|---|---|
| Chennai | ₹14,395 | ₹13,195 | ₹10,796 |
| Mumbai | ₹14,395 | ₹13,195 | ₹10,796 |
| Delhi | ₹14,410 | ₹13,210 | ₹10,811 |
| Kolkata | ₹14,395 | ₹13,195 | ₹10,796 |
| Bangalore | ₹14,395 | ₹13,195 | ₹10,796 |
| Hyderabad | ₹14,395 | ₹13,195 | ₹10,796 |
| Thiruvananthapuram | ₹14,395 | ₹13,195 | ₹10,796 |
City-wise silver rate
| City | (10 grams) | (100 grams) | (1 kg) |
| Chennai | ₹2,200 | ₹22,000 | ₹2,20,000 |
| Mumbai | ₹2,200 | ₹22,000 | ₹2,20,000 |
| Delhi | ₹2,200 | ₹22,000 | ₹2,20,000 |
| Kolkata | ₹2,200 | ₹22,000 | ₹2,20,000 |
| Bangalore | ₹2,200 | ₹22,000 | ₹2,20,000 |
| Hyderabad | ₹2,200 | ₹22,000 | ₹2,20,000 |
| Kerala | ₹2,200 | ₹22,000 | ₹2,20,000 |
India’s gold demand, import duties and investment trends
India’s gold demand has remained subdued in recent years, according to the World Gold Council, although the country has continued to rank among the world’s largest gold consumers, at times overtaking China. Jewellery purchases remain an important driver of demand, even as alternatives such as gold ETFs and e-gold offer investors ways to gain exposure without buying physical gold.
The government has also used import duties to discourage gold purchases from overseas and contain the current account deficit. Although gold prices have delivered substantial returns since the 2008 global financial crisis, the market has experienced periods of weaker performance. Future price movements remain uncertain, and investors may need to weigh market conditions and their investment goals before making fresh commitments to the metal.
Published: 28 Oct 2026, 09:55 am IST
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