Gold Price Today, October 26: Gold Gets Cheaper Again; Check Latest 22K and 24K Rates in Your City

Gold Price Today, October 26, 2026: Gold buyers have received some relief at the beginning of the new trading week as precious metal prices declined across several major Indian cities on Monday. Both 22-carat and 24-carat gold are trading at lower levels following a sharp correction last week. The latest price movement has attracted attention from jewellery buyers and investors who are closely monitoring the bullion market.

According to the reported rates for October 26, 24-carat gold is priced at ₹1,42,720 per 10 grams in Delhi, while 22-carat gold costs ₹1,30,840. In Mumbai, the price of 24-carat gold stands at ₹1,42,570 per 10 grams, and 22-carat gold is available at ₹1,30,690.

Gold prices experienced a substantial decline during the previous week. The reported weekly reduction reached approximately ₹5,080 per 10 grams for 24-carat gold and ₹4,650 for 22-carat gold.

Meanwhile, international spot gold is quoted at approximately $4,024.37 per ounce, reflecting developments in the global precious metals market.

Gold Rate Today: Latest 22K and 24K Prices on October 26

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

Here are the reported gold rates across major cities on October 26, 2026.

Note: Prices are indicative rates per 10 grams based on the supplied report. Jewellery bills may include GST, making charges, and other applicable costs.

Gold Prices in Delhi, Mumbai, Chennai and Kolkata

The latest figures show that gold remains slightly more expensive in Delhi than in several other metropolitan markets.

In the national capital, 24-carat gold is quoted at ₹1,42,720 per 10 grams, while 22-carat gold stands at ₹1,30,840.

Mumbai and Kolkata have identical reported rates, with 24-carat gold priced at ₹1,42,570 and 22-carat gold at ₹1,30,690 per 10 grams.

Chennai also reports the same prices as Mumbai and Kolkata.

Meanwhile, Jaipur, Lucknow, and Chandigarh have rates matching those in Delhi.

Ahmedabad and Bhopal fall between these price levels, with 24-carat gold at ₹1,42,620 and 22-carat gold at ₹1,30,740 per 10 grams.

Consumers planning to purchase jewellery should compare local showroom quotations because final prices may differ from published market rates.

Gold Prices Fall Sharply Over the Past Week

The recent correction in gold prices has been one of the major developments in the bullion market.

According to the supplied figures, 24-carat gold became cheaper by as much as ₹5,080 per 10 grams during the previous week.

Similarly, 22-carat gold recorded a decline of approximately ₹4,650 per 10 grams.

Such price movements can influence purchasing decisions, particularly among consumers planning weddings, family celebrations, or long-term investments.

However, a decline over one week does not necessarily indicate that prices will continue falling. Gold prices can change quickly in response to international economic developments, currency movements, and investor demand.

Buyers should therefore evaluate their requirements and budgets rather than relying solely on short-term market fluctuations.

Silver Price Today: Metal Falls to ₹2,19,900 Per Kg

Silver prices have also declined alongside gold.

On the morning of October 26, the reported domestic silver price stood at ₹2,19,900 per kilogram.

The white metal became cheaper by approximately ₹10,000 per kilogram during the previous week, according to the report.

In the international market, spot silver was quoted at around $53.83 per ounce.

Silver has experienced significant price volatility during 2026. The supplied report states that domestic silver prices reached a record level of approximately ₹4 lakh per kilogram in January before subsequently declining.

Silver demand comes from both investment and industrial applications, including electronics, electrical equipment, solar energy technologies, and jewellery manufacturing.

As a result, silver prices can react to changes in industrial activity as well as broader investment trends.

India's Gold and Silver Imports Decline in September

India's precious metal import figures also indicate a slowdown in purchases from overseas markets.

According to the trade figures cited in the report, gold imports declined by 81.27% in September 2026 compared with the corresponding period a year earlier, falling to approximately $1.8 billion.

Silver imports also registered a sharp reduction, dropping 49.11% to around $665 million during the month.

The decline was not limited to September alone.

During the April–September 2026 period, India's gold imports reportedly decreased by 27.32% to $19.27 billion.

Silver imports during the same six-month period fell by 25.17% to approximately $2.4 billion.

These figures suggest weaker import activity, although import values can be affected by both purchasing volumes and international metal prices.

What Factors Influence Gold and Silver Prices in India?

Gold and silver prices are affected by a combination of international economic developments and domestic market conditions.

Global bullion prices are among the most important influences. Since precious metals are internationally traded in US dollars, movements in the dollar and Indian rupee can affect domestic quotations.

Interest rate expectations, particularly decisions made by the US Federal Reserve, can also influence investor interest in gold.

Other factors include inflation expectations, geopolitical uncertainty, central bank purchases, industrial demand, and changes in investment flows.

Domestic demand during wedding and festival seasons may additionally influence local market premiums.

Because several factors operate simultaneously, precious metal prices can fluctuate even when there is no major change in Indian consumer demand.

What Should Buyers Check Before Purchasing Gold?

Consumers considering gold jewellery should pay attention to more than the quoted price per gram.

Gold purity is especially important. While 24-carat gold is generally preferred for investment products because of its high purity, 22-carat gold is commonly used for jewellery.

Buyers should verify the applicable BIS hallmark and Hallmark Unique Identification (HUID) where required.

They should also compare making charges, confirm the weight of the jewellery, and request a detailed purchase invoice.

The final bill may be higher than the published gold rate because of GST and making charges.

For investment purposes, buyers should understand the differences between physical gold, gold exchange-traded funds, and other regulated investment options before making a decision.

Will Gold Prices Fall Further This Week?

The recent decline in gold and silver prices has raised questions about whether the correction will continue.

However, the supplied market information does not establish a definite direction for prices in the coming days.

International bullion trends, crude oil movements, currency fluctuations, and upcoming monetary policy decisions could influence market sentiment.

Investors should avoid assuming that recent declines guarantee further reductions.

Conclusion: Gold and silver prices have started the week on a weaker note, according to the October 26 report. With 22-carat gold quoted at ₹1,30,840 per 10 grams in Delhi and silver at ₹2,19,900 per kilogram, buyers may find the recent correction worth watching. Nevertheless, checking live rates, purity certification, and additional charges remains essential before making any purchase.