Gold Rate Today, October 22, 2026: Gold Gets Cheaper, Check 18K, 22K and 24K Prices in 10 Cities

Gold Price Today in India, October 22, 2026: Gold prices have declined slightly in the domestic market on Thursday, October 22, bringing some relief to jewellery buyers and investors. After remaining unchanged in the previous session, prices of 24-carat and 22-carat gold have fallen by ₹10 per 10 grams, according to the latest reported retail rates.

The decline comes amid changing international market conditions, a stronger Indian rupee, and concerns over elevated crude oil prices. Although Thursday's reduction is relatively small, gold has witnessed a more noticeable correction in recent sessions.

On October 20, the reported price of 24-carat gold dropped by ₹1,960 per 10 grams, while 22-carat gold became cheaper by ₹1,800. The latest movement has also brought 18-carat gold, commonly used in certain jewellery designs, closer to the ₹1 lakh level per 10 grams.

Silver prices have also edged lower after several days of stability, adding to the cautious sentiment in the precious metals market.

Gold Prices Today: Latest Rates for 24K, 22K and 18K Gold

Gold prices vary slightly between Indian cities because of local market conditions, transportation expenses, and differences in retail pricing.

According to the reported rates for October 22, 24-carat gold costs ₹1,46,220 per 10 grams in Delhi, while 22-carat gold is available at ₹1,34,040. The price of 18-carat gold in the national capital stands at ₹1,09,700.

Mumbai offers slightly lower reported rates, with 24-carat gold priced at ₹1,46,070 and 22-carat gold at ₹1,33,890 per 10 grams.

Here is a comparison of gold prices across 10 major Indian cities.

Note: These are indicative retail rates reported for October 22, 2026. Final jewellery prices may include GST, making charges, and other applicable costs.

Where Is Gold Cheapest in India Today?

Among the 10 cities covered in the latest comparison, Mumbai, Kolkata, Chennai, Bengaluru, and Hyderabad have the lowest reported prices for 24-carat and 22-carat gold.

In these cities, 24-carat gold is priced at ₹1,46,070 per 10 grams, while 22-carat gold costs ₹1,33,890.

Delhi, Jaipur, and Lucknow have slightly higher prices, with 24-carat gold trading at ₹1,46,220 per 10 grams.

The difference between the highest and lowest reported 24-carat gold prices in these cities is ₹150 per 10 grams.

For 18-carat gold, Mumbai, Kolkata, Bengaluru, and Hyderabad have the lowest reported rate of ₹1,09,550 per 10 grams.

This comparison may be useful for jewellery buyers, although actual savings depend on the retailer's making charges, applicable taxes, and the final purchase price.

18-Carat Gold Moves Closer to ₹1 Lakh

The recent correction has attracted attention to 18-carat gold, which is widely used in lightweight jewellery, designer ornaments, and gemstone-studded pieces.

According to the latest reported figures, 18-carat gold is available at ₹1,09,550 per 10 grams in several major cities.

This places it ₹9,550 above the ₹1 lakh mark.

Although prices have moved closer to that psychological level, there is no certainty that gold will fall below ₹1 lakh in the coming sessions.

Future movements will depend on international bullion prices, currency fluctuations, interest-rate expectations, and investor demand.

Silver Price Today: Rates Decline After Six Days of Stability

Silver has also recorded a modest decline on October 22.

According to the reported market figures, silver prices have decreased by ₹100 per kilogram after remaining unchanged for six consecutive days.

The latest silver price in Delhi stands at ₹2,29,900 per kilogram.

Similar rates have been reported in Mumbai, Kolkata, and Chennai.

Before the recent period of stability, silver had experienced a sharper decline on October 15, when the reported price dropped by ₹5,000 per kilogram.

The latest ₹100 reduction is comparatively small but indicates that the metal continues to face price fluctuations.

Silver prices are influenced by investment demand as well as industrial consumption, particularly in sectors such as electronics, solar energy, and manufacturing.

Why Are Gold Prices Falling in India?

Several factors are contributing to the current movement in domestic gold prices.

1. Stronger Indian Rupee

A stronger rupee can make imported gold less expensive in domestic currency terms.

Since India imports a substantial share of its gold requirements, movements in the rupee-dollar exchange rate can influence local bullion prices.

HDFC Securities analyst Jatin Trivedi has highlighted the strengthening rupee as one of the factors weighing on domestic gold rates.

2. Elevated Crude Oil Prices

International crude oil prices remain an important consideration for financial markets.

Higher oil prices can increase inflationary pressures, particularly in oil-importing economies such as India.

According to Trivedi's assessment cited in the report, the overall near-term trend in gold remains weak, while elevated crude oil prices continue to create inflation-related concerns.

3. US Dollar and Bond Yield Movements

Gold prices are also influenced by the performance of the US dollar and movements in government bond yields.

A weaker dollar can make gold more attractive to buyers using other currencies.

Similarly, declining bond yields can reduce the opportunity cost of holding gold, which does not generate regular interest income.

Kotak Neo analyst Kaynat Chainwala has indicated that weakness in the dollar and softer bond yields could help limit further declines in bullion prices.

4. Expectations From the US Federal Reserve

Global investors are closely monitoring upcoming US economic data and the Federal Reserve's next monetary policy meeting.

Interest-rate expectations can significantly influence precious metal prices.

Signals suggesting lower interest rates may support gold, while expectations of tighter monetary policy can create pressure.

However, market reactions depend on several factors, and gold does not always move in a predictable direction after monetary policy announcements.

Gold Price Outlook: Could Rates Fall Further?

The near-term outlook for gold remains uncertain as domestic and international factors continue to pull prices in different directions.

A stronger rupee may keep pressure on Indian gold prices, while softer US bond yields and a weaker dollar could provide some support.

Investors will also monitor crude oil prices, inflation indicators, US economic data, and developments in global financial markets.

Although the recent correction may attract jewellery buyers, short-term price movements are difficult to forecast accurately.

Consumers planning significant purchases should compare current rates and avoid making decisions solely on expectations of an immediate price rise or fall.

What Should Jewellery Buyers Check Before Purchasing Gold?

Apart from tracking daily market prices, buyers should pay attention to gold purity and the additional costs included in jewellery bills.

The three commonly purchased purity categories are:

• 24-carat gold: Approximately 99.9% pure gold, commonly purchased in eligible bullion and investment forms.

• 22-carat gold: Approximately 91.6% pure gold, frequently used for traditional jewellery.

• 18-carat gold: Contains 75% gold and is commonly used in designer and gemstone jewellery.

Customers should check applicable BIS hallmarking requirements, verify the purity information, and review the jeweller's making charges.

GST and other applicable charges can increase the final amount beyond the displayed gold rate.

Comparing prices at multiple jewellery stores may also help buyers understand differences in making charges and overall costs.

Final Word

Gold and silver prices have moved lower on October 22, 2026, with 24-carat and 22-carat gold recording a reported decline of ₹10 per 10 grams and silver falling by ₹100 per kilogram.

Among the 10 cities compared, Mumbai, Kolkata, Chennai, Bengaluru, and Hyderabad offer the lowest reported 24-carat gold rates, while Delhi, Jaipur, and Lucknow remain slightly more expensive.

The recent correction has brought 18-carat gold closer to ₹1 lakh per 10 grams, although prices remain above that level.

Gold buyers and investors should continue monitoring international market trends, currency movements, and official local bullion quotations before making purchasing decisions.

Disclaimer: Gold and silver prices are subject to market fluctuations. The rates mentioned are based on the supplied market report and may differ from actual retail quotations. This article is for general information and should not be treated as investment advice. Consult a qualified financial adviser before making significant investment decisions.

Editorial note: The article has been substantially rewritten with a new headline, structure, and explanatory sections. The October 22 rates and analyst comments are based on the supplied report and have not been independently verified.