Gold Prices Dip Ahead of Weekend: Today’s 24K and 18K Rates Across Major Indian
Precious metal rates across domestic bullion markets extended their downward trajectory on Saturday, October 31, 2026, offering timely relief to festive and wedding season buyers as prices of both gold and silver softened across major trading hubs. With commodity bourses, including the Multi Commodity Exchange (MCX), and the India Bullion and Jewellers Association (IBJA) closing their regular trading desks for the weekend, spot bullion counters across states are anchoring retail quotes to the latest closing metrics. Despite the domestic correction, international bullion markets saw spot gold inching higher toward $3,884.90 per ounce, while local retail prices in individual cities continue to reflect regional transportation logistics, local levies, and district-level jeweler association benchmarks.
MCX Futures and IBJA Benchmarks: How Sovereign Rates Closed Before the Weekend
Domestic trade indicators closed the final weekday session on a muted note, with MCX gold futures expiring on December 4, 2026, dropping 0.05 percent to settle at ₹138,419 per 10 grams. In parallel, benchmark physical bullion estimates placed pure 24-carat gold at ₹138,830 per 10 grams, while the official indicative baseline compiled by the IBJA pegged 24-carat gold at ₹140,054 per 10 grams before trading paused. Retail jewelry prices in the capital saw corresponding revisions, with the All India Sarafa Association reporting that 10 grams of gold settled at ₹145,200 after factoring in local taxes, statutory levies, and retail dealer markups.
City-Wise Retail Breakdown: 24-Carat and 18-Carat Rates Across Metros and Key Hubs
Retail jewelry counters across northern commercial hubs are currently quoting 24-carat gold at ₹142,410 per 10 grams, alongside an 18-carat retail price of ₹106,840 across New Delhi, Lucknow, Gurugram, Jaipur, Chandigarh, Meerut, and Ludhiana. In contrast, financial centers in the western, eastern, and southern regions—including Mumbai, Kolkata, Bengaluru, Hyderabad, Pune, Nagpur, Guwahati, Cuttack, Bhubaneswar, and Jalgaon—recorded marginally lower quotes, standing at ₹142,260 per 10 grams for 24-carat metal and ₹106,690 for 18-carat purity, with Chennai recording a close 18-carat rate of ₹106,670. Meanwhile, leading commercial centers across Gujarat and Central India, including Ahmedabad, Vadodara, Surat, Indore, Bhopal, and Patna, are retailing 24-carat gold at ₹142,310 and 18-carat gold at ₹106,740 per 10 grams, while Nashik closed its retail quote at ₹142,290 for 24-carat and ₹106,720 for 18-carat gold.
