Gold Price Today, October 19: Gold Rates Fall Ahead of Diwali, Check 22K and 24K Prices in Major Cities

Gold Rate Today, October 19, 2026: Gold prices in India have declined ahead of the festive season, offering some relief to buyers planning to purchase jewellery or invest in precious metals. On Monday, October 19, the reported price of 24-carat gold in Delhi stood at ₹1,47,800 per 10 grams, while Mumbai recorded a slightly lower rate of ₹1,47,650 per 10 grams.

The latest price movement comes after a weak week for the yellow metal. According to the supplied market report, 24-carat gold became cheaper by as much as ₹3,760 per 10 grams in certain Indian cities during the previous week. Meanwhile, 22-carat gold prices declined by up to ₹3,450.

Silver has also experienced selling pressure, with domestic prices reportedly falling by ₹10,000 per kilogram over the past week.

With festive jewellery purchases attracting attention, consumers are closely monitoring gold and silver prices to decide whether to buy immediately or wait for further market movements.

Gold Rate Today: Latest 22-Carat and 24-Carat Prices on October 19

Gold prices differ slightly between Indian cities because of local market conditions, transportation expenses, dealer margins and other pricing factors.

Here are the reported gold rates for October 19, 2026.

Note: These are indicative prices from the supplied October 19 report, not independently verified live quotations. Actual jewellery bills may include GST, making charges and other applicable costs.

Gold Prices in Delhi and Mumbai

In the national capital, the reported price of 24-carat gold reached ₹1,47,800 per 10 grams on October 19.

The corresponding price for 22-carat gold stood at ₹1,35,490 per 10 grams.

Mumbai recorded a slightly lower price, with 24-carat gold available at an indicative rate of ₹1,47,650 per 10 grams.

The reported 22-carat gold price in Mumbai was ₹1,35,340 per 10 grams.

This means Delhi's quoted rates were ₹150 higher than Mumbai's for both purity categories.

Gold Rates in Chennai, Kolkata and Hyderabad

The supplied price report shows identical indicative gold rates across Chennai, Kolkata and Hyderabad.

In these cities, 24-carat gold was quoted at ₹1,47,650 per 10 grams, while 22-carat gold stood at ₹1,35,340 per 10 grams.

However, jewellery buyers may encounter different final prices depending on the retailer, ornament design, making charges and applicable taxes.

Therefore, comparing the quoted gold rate alone may not reveal the complete cost of a jewellery purchase.

Jaipur, Lucknow and Chandigarh Gold Prices

Jaipur, Lucknow and Chandigarh reported 24-carat gold prices of ₹1,47,800 per 10 grams.

The corresponding 22-carat rate was ₹1,35,490 per 10 grams.

Ahmedabad and Bhopal recorded slightly lower quotations, with 24-carat gold at ₹1,47,700 and 22-carat gold at ₹1,35,390 per 10 grams.

These differences demonstrate why buyers should check prices in their local market before purchasing.

Gold Becomes Cheaper by Up to ₹3,760 in One Week

Gold prices have experienced noticeable fluctuations in recent trading sessions.

According to the report, the price of 24-carat gold declined by as much as ₹3,760 per 10 grams in selected Indian markets during the previous week.

The corresponding reduction in 22-carat gold reached approximately ₹3,450 per 10 grams.

The international gold market also witnessed weakness, with global prices reportedly declining by around 0.7% over the week.

The reported international spot gold price stood at approximately $4,165.12 per troy ounce.

However, international and domestic prices do not always move by identical percentages because currency exchange rates, import-related costs and local market conditions can influence Indian quotations.

Silver Price Today: Rates Fall to ₹2,29,900 Per Kilogram

Alongside gold, silver prices have also moved lower.

According to the October 19 report, silver was quoted at approximately ₹2,29,900 per kilogram in the domestic market.

The report indicates that silver prices declined by around ₹10,000 per kilogram during the previous week.

In international trading, spot silver was reported at approximately $57.05 per troy ounce.

Silver prices can be particularly sensitive to changes in industrial demand, investment activity and global economic expectations.

Unlike gold, which is widely purchased for jewellery and investment purposes, silver also has substantial industrial applications.

These include electronics, solar energy equipment and various manufacturing processes.

As a result, silver prices can react to both investment-market developments and changes in industrial consumption.

Why Are Gold and Silver Prices Falling?

Precious metal prices are influenced by several international and domestic factors.

1. Changes in International Gold Prices

India imports a substantial proportion of its gold requirements.

When international gold prices decline, domestic prices may also come under pressure, although the extent of the change depends on other factors.

2. US Dollar and Rupee Exchange Rate

Gold is commonly traded internationally in US dollars.

Changes in the dollar's value and the Indian rupee's exchange rate can influence the cost of imported gold.

A weaker rupee may make imported gold more expensive even when global prices remain stable.

3. Interest Rate Expectations

Gold does not generate regular interest income.

When investors expect interest rates to remain elevated, interest-bearing assets may become relatively more attractive.

However, the relationship between gold and interest rates is not always straightforward.

4. Investor Demand and Profit Booking

After periods of strong price increases, some investors may sell gold or silver to realise profits.

Such selling can contribute to short-term price declines.

5. Domestic Festive and Wedding Demand

Gold purchases often increase around major Indian festivals and during the wedding season.

However, higher demand does not guarantee that prices will rise, particularly when international market forces are moving in the opposite direction.

22K vs 24K Gold: Which Is Better for Jewellery?

Gold buyers should understand the difference between 22-carat and 24-carat purity before making a purchase.

Twenty-two-carat gold is commonly preferred for traditional jewellery because the addition of other metals improves its suitability for many ornament designs.

Twenty-four-carat gold is generally preferred for high-purity investment products such as coins and bars.

Buyers should check BIS hallmarking requirements and verify the purity of jewellery before completing a purchase.

Should You Buy Gold After the Latest Price Decline?

A decline in gold prices may attract buyers who have been waiting for a more affordable entry point.

However, short-term price movements do not guarantee that the market has reached its lowest level.

Gold prices can continue to fluctuate based on international economic developments, currency movements and investor sentiment.

For jewellery purchases, consumers should compare making charges, purity and the final bill rather than focusing only on the market price.

Those purchasing gold for investment purposes should consider their financial goals, investment horizon and overall portfolio allocation.

Gold and Silver Price Outlook: What Should Buyers Watch?

The latest reported decline in gold and silver prices comes during a period when festive purchases are attracting attention across Indian markets.

Gold's international price movement, the rupee-dollar exchange rate and changing investor expectations are likely to remain important factors influencing domestic quotations.

Silver may also respond to developments in industrial demand and global manufacturing activity.

For October 19, the supplied report places 24-carat gold at ₹1,47,800 per 10 grams in Delhi and ₹1,47,650 in Mumbai, while silver stands at approximately ₹2,29,900 per kilogram.

Buyers should verify current rates with reputable jewellers or recognised bullion-market sources before making a transaction, as prices can change during the day.

Disclaimer: This article is based on the market figures supplied for October 19, 2026. The quotations have not been independently verified in real time. Precious metal prices fluctuate, and this information should not be treated as a recommendation to buy or sell gold or silver.