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| Gold jewellery, gold bars and silver displayed at a jewellery showroom, representing India's latest gold and silver rates. |
Gold and silver prices remained under pressure in India on Saturday, October 31, 2026, giving jewellery buyers a fresh reason to compare rates before making purchases. The latest available market data showed differences in gold prices across major cities, including Chennai, Bengaluru, Hyderabad, Kolkata and Ahmedabad. Buyers are also watching prices at major jewellery retailers such as Tanishq, Malabar Gold and Kalyan Jewellers as the festive and wedding shopping season approaches.
The decline comes at a time when precious metals are attracting attention from both investors and households. Gold remains an important purchase for Indian families, while silver continues to serve both jewellery buyers and people looking for exposure to precious metals.
Gold Price Today: What Buyers Need to Know
According to market data reported on October 31, gold prices were lower across several major Indian markets. In Bengaluru, 24-carat gold was quoted at ₹1,38,680 per 10 grams, while 22-carat gold stood at ₹1,27,123 per 10 grams.
The difference between 24K and 22K gold is important when comparing jewellery prices. 24-carat gold is approximately 99.9% pure and is generally associated with investment products such as coins and bars. 22-carat gold contains about 91.6% gold, with other metals added to improve durability, making it widely used for jewellery.
Prices can change during the day depending on bullion-market movements, currency fluctuations and local market conditions.
City-Wise 22K and 24K Gold Rates on October 31
Gold prices are not always identical across Indian cities. Local demand, transportation costs, dealer premiums and market practices can influence the final quoted rate.
The following figures are reported retail-market reference prices for October 31, 2026, and are not guaranteed final jewellery billing prices.
| City | 24K Gold (10g) | 22K Gold (10g) |
|---|---|---|
| Bengaluru | ₹1,38,680 | ₹1,27,123 |
| Chennai | ₹1,38,980 | ₹1,27,398 |
| Hyderabad | ₹1,38,790 | ₹1,27,224 |
| Kolkata | ₹1,38,390 | ₹1,26,858 |
| Ahmedabad | ₹1,38,760 | ₹1,27,197 |
These city-wise figures should be treated as indicative market references. Rates may differ at individual jewellery stores.
Gold Rate Today in Chennai and Coimbatore
Chennai recorded one of the highest gold prices among the cities covered in the latest comparison. The 22K rate stood at ₹1,27,398 per 10 grams, while 24K gold was quoted at ₹1,38,980.
Coimbatore is another important market for gold jewellery buyers in Tamil Nadu. However, shoppers should check the day's local jeweller quotation before purchasing, as the price displayed by a retailer may differ from general bullion-market references.
Gold Rate Today in Bangalore, Hyderabad and Kolkata
Bengaluru's 22K gold rate was ₹1,27,123 per 10 grams on October 31. In Hyderabad, the corresponding price was ₹1,27,224, while Kolkata recorded ₹1,26,858.
These differences are relatively small but can affect the overall cost of larger jewellery purchases. Buyers comparing prices between cities should also account for transportation, making charges, applicable taxes and retailer-specific premiums.
Tanishq, Malabar Gold and Kalyan Jewellers: Latest 22K Rates
Jewellery-brand prices can differ from general city-wise gold-rate references. The following 22K jewellery rates were reported for October 31:
| Jewellery Brand | 22K Gold per Gram |
|---|---|
| Tanishq | ₹13,090 |
| Malabar Gold & Diamonds | ₹12,730 |
| Joyalukkas | ₹12,730 |
| Kalyan Jewellers | ₹12,730 |
Tanishq kept its quoted rate unchanged from October 30, while Malabar Gold, Joyalukkas and Kalyan Jewellers reduced their prices from ₹13,040 to ₹12,730 per gram.
Actual bills may include additional charges, and customers should confirm the applicable rate with their preferred showroom.
Silver Rate Today in India
Silver prices are also important for consumers tracking precious metals. The indicative price of 999-purity silver was reported at ₹1,81,344 per kilogram in an October 30 evening-rate reference.
The October 31 city-wise update reported silver at ₹1,79,620 per kg in Chennai and ₹1,78,860 per kg in Kolkata. Hyderabad recorded ₹1,79,390 per kg, while Ahmedabad stood at ₹1,79,340 per kg.
Silver prices can vary depending on purity, location and the source of the quotation. Buyers should confirm the latest local rate before completing a transaction.
Why Are Gold Prices Different Across Jewellery Shops?
The gold rate displayed on a market website is not necessarily the final amount a customer pays at a jewellery store.
Several components influence the final purchase price:
- Purity: 22K, 24K and 18K gold have different prices because their gold content varies.
- Making charges: Jewellery designs and manufacturing complexity can affect these charges.
- GST: Applicable GST is added to the purchase bill.
- Retailer premiums: Different jewellery brands may quote different rates.
- Local market conditions: Demand and dealer-level pricing can create differences between cities.
Customers should also check the BIS hallmark and HUID details when purchasing gold jewellery. A proper invoice should clearly show the gold weight, purity, making charges and applicable taxes.
What Gold Buyers Should Watch Before Diwali
With Dhanteras and Diwali approaching in November, gold prices are likely to remain an important consideration for Indian households planning jewellery purchases. The October 31 quotations show why checking both the general market rate and individual jewellery-brand prices matters.
A lower advertised gold rate does not automatically mean a cheaper final purchase. Comparing the complete bill, including making charges and taxes, offers a more meaningful way to evaluate jewellery prices.
For consumers following gold rate today, today's gold rate 22K, silver rate today and city-wise prices, the key is to check updated quotations before visiting a showroom. Prices can change, so the October 31 figures should be treated as a dated market reference rather than a guaranteed rate for future purchases.
Disclaimer: Gold and silver prices are indicative and subject to change. This article is for general information and is not investment advice. Confirm current rates and final purchase charges with the respective jeweller before buying.
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