Retail prices for both 24-karat and 22-karat gold recorded a marginal decline across major metropolitan bullion markets in India, accompanied by a drop in silver prices. The domestic downward movement followed shifting international commodity cues, including geopolitical discussions regarding potential military actions in the Middle East and substantial central bank reserve additions by the People's Bank of China.
In the retail market, precious metals are traded in varying purities, with 24-karat representing pure gold and 22-karat widely utilized for durable jewellery fabrication. Market participants monitored the domestic rate adjustments during the festive Navratri trading window as global safe-haven demand fluctuated.
Fortune India reports that in calendar year 2026, investors poured a record ₹45,925 crore into gold exchange-traded funds, with net inflows during January-September 2026 surpassing the ₹42,961 crore collected during the whole of 2025 according to AMFI data.
Retail pricing across major urban centres reflected minor variations in local duties and transportation costs. In New Delhi, 24-karat gold was quoted at Rs 150,560 per 10 grams, while 22-karat gold stood at Rs 138,013 per 10 grams. Silver 999 Fine traded at Rs 224,970 per kilogram in the national capital.
In Mumbai, 24-karat gold was priced at Rs 150,820 per 10 grams, with 22-karat gold at Rs 138,252 per 10 grams and fine silver at Rs 225,360 per kilogram. Bengaluru retail rates recorded 24-karat gold at Rs 150,940 per 10 grams, 22-karat gold at Rs 138,362 per 10 grams, and silver at Rs 225,540 per kilogram.
Kolkata bullion markets posted 24-karat gold at Rs 150,620 per 10 grams and 22-karat at Rs 138,068 per 10 grams, with silver at Rs 225,060 per kilogram. In southern urban centres, Hyderabad quoted 24-karat gold at Rs 151,060 per 10 grams and silver at Rs 225,720 per kilogram, while Chennai recorded the highest regional rates with 24-karat gold at Rs 151,400 per 10 grams, 22-karat gold at Rs 138,783 per 10 grams, and silver 999 Fine at Rs 226,270 per kilogram.
The domestic price easing occurred against a backdrop of significant international macroeconomic developments. CNBC reported that political discussions concerning potential retaliatory measures in the Middle East introduced global market turbulence, influencing safe-haven asset valuations.
Concurrently, official data from the State Administration of Foreign Exchange indicated that the People's Bank of China acquired approximately 23 tonnes of gold in September. This marked Beijing's largest monthly bullion purchase in nearly three years and extended the central bank's continuous purchasing streak that began in 2015.
A quoted gold or silver price depends on purity, weight, city, taxes, dealer premiums and when the quote was captured. A price for 22-carat jewellery is not directly comparable with the quoted price of 24-carat bullion. Jewellery buyers also face making charges and possible deductions on resale, so a fall in the reference metal rate does not necessarily translate into the same reduction at the checkout. Global dollar prices, the rupee exchange rate and local demand can pull in different directions. This report's figures should be treated as time-stamped indicative rates, not executable prices available from every retailer. Readers should check purity marks and total invoices before making a purchase.
