Gold prices in India fell again on Wednesday. In Delhi, 24-karat gold is ₹14,622 per gram; Mumbai and Chennai are at ₹14,607. Silver dropped to ₹229.90 per gram. The 10-day slide now totals ₹490 per gram.
Updated: October 22, 2026, 11:30 AM IST
Quick Read
- Delhi: 24K gold at ₹14,622/g; 22K at ₹13,403/g. Mumbai/Chennai: 24K at ₹14,607/g.
- Silver fell ₹1.70 to ₹229.90/g. MCX gold futures dropped ₹1,600 in a single session.
- Gold is down ₹490/g in 10 days — but with Dhanteras on November 6, the buying season is just starting.
Today’s prices, city by city
Here are Wednesday’s retail rates per gram:
- Delhi: 24K — ₹14,622 | 22K — ₹13,403
- Mumbai: 24K — ₹14,607 | 22K — ₹13,389
- Chennai: 24K — ₹14,607 | 22K — ₹13,389
- Kolkata: 24K — ₹14,607 | 22K — ₹13,389 (in line with Mumbai rates)
Quick explainer for buyers: 24K is pure gold (99.9%) — used for coins and bars. 22K (91.6% pure) is what most jewellery is made of, because pure gold is too soft to hold its shape. When you buy jewellery, you’re almost always buying 22K.
Also read: Dhanteras 2026 gold buying guide: what to know before you buy
Why prices are falling
Three forces are pushing gold down right now. First, the MCX futures market: gold futures fell ₹1,600 in a single session — a sharp one-day drop that drags retail prices with it. Second, global cues: when the dollar strengthens or equity markets rally, gold typically cools off as investors move money elsewhere. Third, simple profit-booking — after the festive run-up, traders are locking in gains.
The 10-day fall of ₹490 per gram sounds dramatic, but put it in perspective: that’s about a 3.2% correction from recent highs. Gold corrections of 3–5% are normal market breathing, not a crash.
Should you buy now or wait for Dhanteras?
Dhanteras is on November 6 — 15 days away. This is the question every Indian household is asking, so here’s the honest answer: nobody can time the bottom. But the maths favours buying in stages.
If you’re buying for Dhanteras anyway, the current dip is working in your favour — you’re already paying ₹490/g less than 10 days ago. Waiting for a further fall is a gamble: prices could slide more, or festive demand could push them back up. The practical approach: buy part of what you need now, and the rest closer to Dhanteras. You average out the price and you don’t get caught by a last-minute spike.
One more thing: always check the BIS hallmark (Bureau of Indian Standards mark) on jewellery. It certifies the purity. No hallmark, no purchase — that’s the one rule that never changes, whatever the price.
Also read: Sensex Rallies 678 Points as Trade Deal Hopes Return
Silver watch
Silver fell ₹1.70 to ₹229.90 per gram on Wednesday. Silver is more volatile than gold — it moves harder in both directions — so the same staged-buying logic applies double. If you’re buying silver for Dhanteras or Diwali gifting, the current levels are below recent highs.
FAQs
What is the gold rate today in Delhi?
On October 22, 2026: 24K gold at ₹14,622/g and 22K at ₹13,403/g in Delhi.
What is the gold rate today in Mumbai and Chennai?
Both cities: 24K at ₹14,607/g, 22K at ₹13,389/g.
Is it a good time to buy gold before Dhanteras?
Prices are ₹490/g below their 10-day high, which favours buyers. The practical approach is staged buying — part now, part closer to Dhanteras (Nov 6) — rather than trying to time the bottom.
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