Gold prices remained broadly steady in India's retail market on October 3, with only limited movement in 24-karat and 22-karat rates across major cities. Silver prices also remained at elevated levels as buyers approached the festive season and Durga Puja.
The domestic commodity market did not provide fresh MCX trading cues on Saturday because the exchange remains closed over the weekend. Friday was also a market holiday for Gandhi Jayanti.
Gold and Silver Rates on October 3
According to the Indian Bullion Association data cited in the source, the reported national retail rates on October 3 were ₹1,50,550 per 10 grams for 24-karat gold and ₹1,38,004 per 10 grams for 22-karat gold. Silver 999 fine was reported at ₹2,26,590 per kilogram.
However, actual retail prices can vary between cities and jewellers because of local taxes, making charges, premiums and other applicable costs. Buyers should therefore treat benchmark rates as a reference rather than the final amount payable at a jewellery counter.
Gold Price in New Delhi
In New Delhi, the reported October 3 rates were:
- 24K gold: ₹1,50,020 per 10 grams
- 22K gold: ₹1,37,518 per 10 grams
- 999 silver: ₹2,25,790 per kilogram
Gold Price in Mumbai
Mumbai recorded slightly different rates on the same date:
- 24K gold: ₹1,50,270 per 10 grams
- 22K gold: ₹1,37,748 per 10 grams
- 999 silver: ₹2,26,180 per kilogram
Gold Price in Bengaluru
The reported Bengaluru rates were:
- 24K gold: ₹1,50,390 per 10 grams
- 22K gold: ₹1,37,858 per 10 grams
- 999 silver: ₹2,26,360 per kilogram
Gold Price in Kolkata
Kolkata's reported rates stood at:
- 24K gold: ₹1,50,080 per 10 grams
- 22K gold: ₹1,37,573 per 10 grams
- 999 silver: ₹2,25,880 per kilogram
Gold Price in Hyderabad
Hyderabad recorded:
- 24K gold: ₹1,50,510 per 10 grams
- 22K gold: ₹1,37,968 per 10 grams
- 999 silver: ₹2,26,540 per kilogram
Gold Price in Chennai
For Chennai, the reported figures were:
- 24K gold: ₹1,50,710 per 10 grams
- 22K gold: ₹1,38,151 per 10 grams
- 999 silver: ₹2,26,840 per kilogram
Why City-Wise Rates Can Differ
Gold is generally quoted according to purity, with 24K representing a higher level of purity than 22K. The latter is commonly used for jewellery because the metal is more suitable for fabrication.
The final price paid by a consumer can nevertheless differ from a benchmark rate. Jewellery making charges, taxes, dealer margins and other local factors can affect the final bill.
For readers evaluating gold-related financial or documentation matters, Other Services may be relevant depending on the specific requirement.
Gold and Silver Continue to Remain Closely Watched
The source also notes that gold had recorded a strong rise over the preceding year, with prices increasing by more than 75% from the previous year's level cited in the report. Silver had witnessed an even sharper increase, with the report placing its price at more than ₹2.40 lakh per kilogram in October 2026 compared with roughly ₹78,600 per kilogram during 2023-24.
For consumers planning festive-season purchases, checking the latest benchmark rate as well as the final jeweller quotation is important. Rates can change with market conditions, while the amount charged for jewellery may include additional components beyond the underlying metal price.