Gold and Silver Price Today, October 31, 2026: Gold and silver prices continue to attract attention as buyers prepare for festive shopping, weddings and long-term investments. While gold prices remained largely stable in the latest reported market update, silver witnessed a noticeable decline, offering some relief to buyers.

According to the market figures reported for Friday, October 30, 2026, silver prices fell by approximately ₹1,730 per kilogram, bringing the quoted rate to ₹1,87,750 per kilogram.

Meanwhile, 24-carat gold remained above ₹1.42 lakh per 10 grams in several major Indian cities.

For people planning to purchase jewellery, coins or precious metals, checking the latest rates before visiting a jewellery store can help them make better decisions.

Here is a detailed look at the reported gold and silver prices in major Indian cities.

Gold Prices Today in Major Indian Cities

The latest supplied market update shows slight differences in gold prices across cities.

The following table contains the reported rates for 24-carat and 22-carat gold.

Note: These are indicative prices from the supplied October 30 market update, not independently verified live rates for October 31. Actual retail prices may differ.

Gold Price in Delhi

In the national capital, the reported price of 24-carat gold stands at ₹1,42,760 per 10 grams.

Meanwhile, 22-carat gold is quoted at ₹1,30,863 per 10 grams.

Delhi remains an important jewellery market, particularly during the festive and wedding seasons.

Customers purchasing ornaments should remember that the final bill may include GST, making charges and other applicable costs.

Gold Price in Mumbai

Mumbai's reported 24-carat gold rate is ₹1,42,610 per 10 grams.

The price of 22-carat gold stands at ₹1,30,713 per 10 grams.

These figures are slightly lower than the rates quoted for Delhi.

However, actual jewellery prices can vary between retailers because of making charges, product design and other factors.

Gold Price in Jaipur

In Jaipur, the latest reported price of 24-carat gold is ₹1,42,760 per 10 grams.

The price of 22-carat gold is ₹1,30,863 per 10 grams.

Jaipur is known for its jewellery trade, and gold prices are closely monitored by customers purchasing ornaments for weddings and special occasions.

Before making a purchase, buyers should compare rates and confirm the purity of the jewellery.

Gold Price in Bengaluru, Kolkata and Lucknow

In Bengaluru, 24-carat gold is reported at ₹1,42,720 per 10 grams, while 22-carat gold costs ₹1,30,814.

In Kolkata, the quoted prices are ₹1,42,610 for 24-carat gold and ₹1,30,713 for 22-carat gold.

Lucknow has the same reported rates as Kolkata.

Although these differences may appear small, they can become significant when purchasing larger quantities of gold.

Silver Price Today: Rates Fall by ₹1,730

Silver has shown greater weakness than gold in the latest reported market update.

According to the supplied figures, the price of silver declined by approximately ₹1,730 per kilogram compared with the previous day.

The quoted silver rate stands at ₹1,87,750 per kilogram.

This decline may attract the attention of buyers planning to purchase silver jewellery, utensils, coins or investment products.

However, retail silver prices may vary depending on purity, taxes, dealer margins and local market conditions.

Customers should confirm the latest rate before completing a purchase.

Why Are Gold Prices Remaining Firm?

Gold prices are influenced by several domestic and international factors.

One important factor is global demand for gold as an investment asset.

During periods of economic uncertainty, some investors increase their exposure to gold because it is traditionally considered a store of value.

International interest rates, currency movements and geopolitical developments can also influence gold prices.

In India, festive and wedding-related jewellery demand may contribute to market activity.

However, domestic gold prices do not depend on demand alone.

Changes in international bullion prices and the rupee-dollar exchange rate also affect the cost of gold in India.

Why Are Silver Prices Falling?

Silver prices can fluctuate more sharply than gold because silver has both investment and industrial uses.

The metal is used in electronics, solar energy equipment and several manufacturing applications.

Changes in industrial demand can therefore influence its market price.

Silver is also affected by international commodity trends, investor sentiment and currency movements.

The reported ₹1,730 decline may reflect broader market fluctuations, although the supplied update does not establish one specific reason for the fall.

Investors should avoid assuming that a single day's decline indicates a sustained downward trend.

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

Gold purity is an important consideration when purchasing jewellery.

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

22-carat gold contains approximately 91.6% gold, with the remaining portion consisting of other metals.

This makes 22-carat gold more suitable for many types of jewellery.

Because of the difference in purity, 24-carat gold generally costs more than 22-carat gold for the same weight.

Buyers should check the purity and hallmarking details before purchasing jewellery.

Check Hallmarking Before Buying Gold

Gold buyers should pay attention to hallmarking and product authenticity.

BIS hallmarking helps consumers identify the declared purity of gold jewellery.

Customers can verify the Hallmark Unique Identification (HUID) number through the BIS Care application where applicable.

They should also request a proper purchase invoice showing the weight, purity, price and making charges.

These precautions can help prevent disputes and provide greater confidence when purchasing expensive jewellery.

Why Do Jewellery Prices Differ From Market Rates?

The gold rate displayed in a market update is not necessarily the final price customers pay at a jewellery shop.

Retail jewellery bills can include making charges, GST and other applicable costs.

Making charges may vary depending on the complexity of the design and the retailer's pricing policy.

For example, a simple gold chain may have different making charges from an intricately designed necklace.

Buyers should compare the total payable amount rather than focusing only on the quoted gold rate.

Should You Buy Gold or Silver Now?

The decision to purchase gold or silver depends on individual needs and financial circumstances.

Customers buying jewellery for an upcoming event may focus on their budget, design preferences and current retail prices.

Investors, however, should consider price volatility, liquidity, investment duration and the risks associated with precious metals.

Gold and silver prices can rise or fall, and neither metal offers guaranteed returns.

Those planning large purchases may benefit from comparing prices across authorised sellers and avoiding decisions based solely on short-term market movements.

Final Words

Gold prices remained largely steady in the latest supplied market update, while silver recorded a decline of approximately ₹1,730 per kilogram.

The reported price of 24-carat gold stands at ₹1,42,760 per 10 grams in Delhi and Jaipur, while Mumbai and Kolkata are quoted at ₹1,42,610.

Silver is reported at ₹1,87,750 per kilogram.

Before purchasing gold or silver, check the latest local market price, verify purity and compare the final bill, including taxes and making charges.

With precious metal prices changing frequently, staying informed can help buyers make more confident purchasing decisions.