Gold and Silver Price Today, October 26, 2026: Gold prices have come under pressure in the domestic market as investors react to changing global economic conditions. With festive-season jewellery purchases in focus, buyers are closely monitoring gold rates across major Indian cities.

According to the supplied market report, gold futures on the Multi Commodity Exchange (MCX) declined by ₹1,159, or approximately 0.81%, to ₹1,42,150 per 10 grams during trading on Monday.

The report compares this level with a previous reference price of ₹1,43,309 per 10 grams.

Gold prices also vary slightly between cities, making it important for jewellery buyers to check local rates before visiting a showroom.

Here is a detailed look at the reported gold prices, recent market movements and the factors influencing precious metal prices.

Gold Price Today: MCX Gold Futures Decline

Gold futures reportedly opened the week on a weaker note as trading resumed after the weekend.

The supplied report places the MCX gold futures price at ₹1,42,150 per 10 grams, representing a decline of ₹1,159 from the quoted reference level of ₹1,43,309.

The percentage decrease works out to approximately 0.81%.

However, gold futures prices change throughout the trading session, and the exact contract and observation time are important when comparing market movements.

Investors should also distinguish between futures quotations and the retail prices charged by jewellery stores.

MCX prices reflect exchange-traded contracts, while jewellery prices can include taxes, making charges and other costs.

24K, 22K and 18K Gold Rates in Major Indian Cities

The following table shows the indicative prices per 10 grams provided in the October 26 report.

Note: These are indicative rates quoted in the supplied report, not independently verified live retail quotations. Actual prices may vary by jeweller, location and transaction time.

Gold Prices in Delhi, Mumbai, Kolkata and Chennai

In Delhi, the reported price of 24-carat gold stands at ₹1,42,720 per 10 grams.

The corresponding 22-carat gold price is ₹1,30,840, while 18-carat gold is listed at ₹1,07,080.

Mumbai has a slightly lower reported 24-carat gold rate of ₹1,42,570 per 10 grams.

The price of 22-carat gold in Mumbai is quoted at ₹1,30,690, while 18-carat gold costs approximately ₹1,06,930.

Kolkata shows similar rates, with 24-carat gold at ₹1,42,570 and 22-carat gold at ₹1,30,690 per 10 grams.

In Chennai, 24-carat gold is also listed at ₹1,42,570, while the reported price of 18-carat gold is ₹1,06,940.

These small differences highlight why buyers should compare rates from reliable local sellers before making a purchase.

Gold Prices in Patna, Lucknow, Meerut and Ayodhya

According to the supplied figures, Patna has a reported 24-carat gold price of ₹1,42,620 per 10 grams.

The 22-carat rate is ₹1,30,740, while 18-carat gold is priced at ₹1,06,980.

In Lucknow, the quoted 24-carat gold rate is ₹1,42,720 per 10 grams, with 22-carat gold at ₹1,30,840.

Meerut and Ayodhya have the same reported prices as Lucknow.

However, the final amount charged by a jewellery retailer may differ because of applicable taxes, making charges and other transaction-specific expenses.

Gold Prices Had Also Fallen in Delhi's Bullion Market

The supplied report indicates that gold had already experienced selling pressure during the previous trading week.

According to figures attributed to the All India Bullion Association, gold of 99.9% purity fell by ₹1,900 to ₹1,46,100 per 10 grams in Delhi's bullion market on Friday.

The previous quoted level was ₹1,48,000 per 10 grams.

This represented a decline of approximately 1.28% in that particular quotation.

The report describes the movement as the third consecutive trading-session decline.

These bullion-market figures should not be directly compared with MCX futures or jewellery retail prices without accounting for differences in pricing methods, contracts and taxes.

Gold Futures Also Faced Pressure in Global Markets

The report cites a decline in December-delivery gold futures on MCX during Friday's trading.

According to the supplied figures, the contract fell by ₹1,230, or 0.86%, to ₹1,42,079 per 10 grams.

The international market also reportedly experienced weakness.

A New York gold-market quotation was placed at approximately $4,014.23 per troy ounce, reflecting a decline of 0.26%.

Global gold quotations are generally expressed in US dollars per troy ounce, while Indian retail prices are commonly quoted in rupees per 10 grams.

Changes in the rupee-dollar exchange rate can therefore influence the domestic price of gold even when international prices move by a different percentage.

Why Are Gold Prices Falling?

Several global economic factors can influence the direction of gold prices.

1. Stronger US Dollar

Gold is internationally priced in US dollars.

When the dollar strengthens, gold can become more expensive for buyers using other currencies, potentially affecting demand.

A stronger dollar may therefore put downward pressure on international gold prices, although the relationship is not always consistent.

2. Rising US Bond Yields

Gold does not provide regular interest income.

When government bond yields rise, some investors may prefer interest-bearing assets over gold.

This can reduce the relative attractiveness of holding the precious metal.

3. Interest Rate Expectations

Expectations about future interest rates can influence gold-market sentiment.

If investors believe interest rates will remain elevated for longer, demand for non-interest-bearing assets may weaken.

Conversely, expectations of lower interest rates can sometimes support gold prices.

4. Crude Oil and Inflation Concerns

Higher crude oil prices can contribute to inflationary pressure by increasing transportation and production costs.

If persistent inflation leads central banks to maintain tighter monetary policies, higher interest rates may weigh on gold.

However, gold can also attract safe-haven demand during periods of inflation or economic uncertainty, making the overall relationship complex.

5. Geopolitical Developments

International conflicts and geopolitical uncertainty can influence investor demand for precious metals.

Gold is often viewed as a safe-haven asset, but its price can still decline during periods of uncertainty if other market forces, such as dollar strength or rising bond yields, dominate.

What Is the Difference Between 24K, 22K and 18K Gold?

Before purchasing jewellery, buyers should understand the purity levels associated with different types of gold.

24-carat gold is approximately 99.9% pure and is commonly used for investment products such as certain coins and bars.

22-carat gold contains approximately 91.67% gold, with the remaining portion consisting of other metals. It is widely used in traditional jewellery.

18-carat gold contains 75% gold and is frequently used in jewellery designs that require additional strength or incorporate gemstones.

The purity of gold affects its price, but jewellery-making charges and design complexity can also influence the final bill.

Silver Price Today: What Should Buyers Know?

Silver is another important precious metal during the festive and wedding seasons.

It is widely purchased in the form of coins, utensils, jewellery and investment products.

Like gold, silver prices are influenced by international commodity markets, currency movements and domestic demand.

Silver also has significant industrial applications, which means manufacturing activity and industrial demand can influence its market value.

The supplied report does not provide a verified October 26 silver price per kilogram. Therefore, a specific silver rate should not be presented as today's confirmed price without checking an updated market quotation.

Buyers should verify the latest silver price through a trusted bullion dealer or market source before making a purchase.

Important Tips Before Buying Gold or Silver

Festive-season buyers should take a few precautions before purchasing precious metals.

Check the prevailing market rate and compare prices across reputable sellers.

For gold jewellery, look for applicable BIS hallmarking information and verify the HUID where relevant.

Ask for a detailed invoice showing the weight, purity, rate, making charges, applicable taxes and total amount.

For silver products, confirm the stated purity and whether any additional charges apply.

Customers should also understand the retailer's exchange, return and buyback policies before completing a purchase.

Final Takeaway

Gold prices have reportedly declined in the domestic futures market, with the supplied October 26 report placing MCX gold at approximately ₹1,42,150 per 10 grams after a fall of ₹1,159.

Indicative 24-carat gold prices in the listed cities range from ₹1,42,570 to ₹1,42,720 per 10 grams.

International economic developments, currency movements, bond yields and interest-rate expectations remain important factors influencing precious metal prices.

However, buyers should confirm live gold and silver rates before making any purchase, as prices can change throughout the trading day.

Disclaimer: The gold prices and market movements mentioned above are based on the supplied report and have not been independently verified against live exchange data. The report does not contain a confirmed October 26 silver price. This article is for general information and does not constitute investment advice.