Gold Silver Prices Dip Slightly Across Indian Cities on October 6

On October 6, gold and silver prices in India saw slight fluctuations across various purities. Benchmark gold rates stood at ₹1,49,450 per 10 grams, while silver prices dipped to ₹2,26,450 per kilogram. On the Multi Commodity Exchange (MCX), gold futures dropped by 0.07% to ₹1,49,216 per 10 grams, and silver futures fell by 0.28% to ₹2,25,458 per kilogram.

In the physical retail market, gold is primarily sold in 24-karat and 22-karat forms. While 24-karat gold is pure, 22-karat is preferred for jewelry due to its durability. Prices in India are influenced by international spot bullion trends, USD/INR currency dynamics, and upcoming festival shopping demand. Retail gold purchases attract a 3% GST on the metal value and a 5% GST on jewelry-making charges.

Leading jewellers like Joyalukkas and Malabar Gold & Diamonds maintained unchanged prices on October 6, 2026. Joyalukkas and Malabar quoted 22-karat gold at ₹13,675 per gram, while Tanishq listed it at ₹13,720 per gram. For 24-karat gold, Malabar quoted ₹14,917 per gram, and Tanishq stood at ₹14,967 per gram. Minor price disparities among brands arise from store-level pricing, inventory costs, and regional logistics.

Regional variations in gold and silver rates were also noted, with cities like Delhi, Mumbai, and Chennai showing slight differences. For example, Delhi's 24-karat gold rate was ₹1,48,850 per 10 grams, while Chennai's was ₹1,49,540 per 10 grams. Silver rates in Delhi were ₹2,25,050 per kilogram, compared to ₹2,25,940 per kilogram in Chennai.