Gold rate today: Delhi ₹14,240, Mumbai ₹14,225

Gold prices fell in India on October 31, 2026. Delhi 24K gold is ₹14,240 per gram, while Mumbai and Chennai are ₹14,225 per gram. Full city table inside.

Updated: October 31, 2026, 10:15 AM IST

Quick Read

Delhi: 24K gold ₹14,240 per gram; 22K gold ₹13,054 per gram.
Mumbai and Chennai: 24K gold ₹14,225 per gram; 22K gold ₹13,039 per gram.
All prices below come from one table only, Asianet Newsable’s October 31 table. They exclude GST and making charges.

Delhi, Mumbai, Chennai prices in one table

Asianet Newsable reported on October 31, 2026 that gold and silver prices fell in the Indian bullion market. It linked the fall to global market trends, a stronger US dollar, and steady US interest rates. The US Federal Reserve is America’s central bank. When it holds rates steady, gold often loses some shine for buyers who want quick gains.

Here is the full table from that one outlet. Every price below is per gram, and none of it is mixed with another outlet’s table.

Delhi — 22K ₹13,054 per gram, 24K ₹14,240 per gram, Silver ₹2,09,900 per kg.

Mumbai — 22K ₹13,039 per gram, 24K ₹14,225 per gram, Silver ₹2,09,900 per kg.

Chennai — 22K ₹13,039 per gram, 24K ₹14,225 per gram, Silver ₹2,09,900 per kg.

These are base bullion prices. Asianet Newsable states the base price excludes taxes, GST, and other fees. GST is the tax added to most goods and services in India. A shop bill will add 3% GST and making charges on top.

Also read

Gold rate today: October 30, Delhi and Mumbai

What 24K and 22K mean in plain words

Karat tells you how pure gold is. Think of it as a share out of 24 parts. 24K gold is almost pure gold, about 99.9% pure. Shops sell it mostly as coins and bars. It is soft, so it bends with ease. That is why it is not the first choice for daily-wear rings.

22K gold is about 91.6% pure. The rest is a mix of other metals that makes it harder and better for jewellery. Buy 22K for wearing and 24K coins or bars for saving. Ask for the purity stamp and bill break-up before you pay.

What 10 grams will cost from this table

This desk worked out 10-gram prices from the per-gram table above, by simple multiplication. These are base prices, before GST and making charges.

Delhi — 24K 10 grams ₹1,42,400; 22K 10 grams ₹1,30,540.

Mumbai — 24K 10 grams ₹1,42,250; 22K 10 grams ₹1,30,390.

Chennai — 24K 10 grams ₹1,42,250; 22K 10 grams ₹1,30,390.

Delhi costs ₹15 more per gram than Mumbai and Chennai, for both 24K and 22K gold. That is ₹150 more per 10 grams. Small gaps like this are normal. Prices shift a bit by city because of local demand, transport cost, and shop margins. Silver, by contrast, is flat in this table at ₹2,09,900 per kg in all three cities.

Why prices fell, and why live rates differ

Asianet Newsable points to three drivers: global trends, a stronger US dollar, and steady US rates. A strong dollar often pushes gold down. Gold is priced in dollars around the world. When the dollar gets stronger, gold costs more in other currencies, so demand can cool.

Mathrubhumi’s October 31 headline also notes 24K rates dipped below ₹14,250, matching this table.

One warning matters here. Live gold sites update through the day, so their numbers will not match this morning table exactly. All India Bullion showed a live Mumbai rate of ₹14,254 per gram for 24K gold on the morning of October 31. Do not mix live rates with this fixed morning table.

Before you buy, check two shops, ask for the full bill break-up, and keep the bill and purity certificate safe. Making charges vary a lot, so a lower charge can save more than a tiny rate change.

FAQ

Is the gold rate the same in Delhi, Mumbai, and Chennai?

No, not exactly. In this morning table, Delhi is ₹15 per gram higher than Mumbai and Chennai for both 24K and 22K gold. Silver is the same in all three cities in this table.

Does the table price include GST and making charges?

No. Asianet Newsable states the base price excludes taxes, GST, and other fees. Your final bill will add 3% GST plus making charges.

Should I buy 24K or 22K gold?

Buy 22K for jewellery you plan to wear, because it is harder and lasts better. Buy 24K coins or bars if your main goal is saving, because it is purer. In both cases, check purity and keep the bill.