Gold Silver Price Today, October 10, 2026: Gold and silver have witnessed another sharp rise in India's commodity market, attracting attention from investors, jewellery buyers and people planning to purchase precious metals during the festive season. Both metals recorded strong gains in the latest reported trading session on the Multi Commodity Exchange (MCX), with gold futures climbing approximately 1% and silver futures advancing around 1.4%.

According to Friday's trading figures, gold futures reached ₹1,51,103 per 10 grams, while silver futures rose to ₹2,24,339 per kilogram. The increase comes as precious metal prices continue to draw interest from market participants.

Meanwhile, retail gold prices vary slightly across major Indian cities, including Delhi, Mumbai, Chennai, Kolkata and Bengaluru. Buyers should understand these differences before purchasing gold jewellery, coins or investment products.

Here is a detailed overview of the reported gold and silver rates for October 10, 2026, including MCX futures movements and city-wise prices for 24-carat, 22-carat and 18-carat gold.

Gold Price Today: MCX Futures Rise Nearly 1%

Gold futures recorded a notable increase during Friday's trading session.

According to the reported market data recorded at approximately 10:52 AM on October 9, gold futures climbed by ₹1,493, representing a gain of nearly 1%.

Following this increase, the futures price reached ₹1,51,103 per 10 grams, compared with the previous session's closing price of ₹1,49,610.

The figures relate to the MCX futures contract scheduled to expire on December 4, 2026.

The rise is significant for market participants because gold futures reflect trading activity and expectations about future prices.

However, futures prices should not be confused with the actual amount customers pay when purchasing gold jewellery from local retailers.

Retail gold rates can differ due to purity, applicable taxes, making charges and other expenses.

Silver Price Today: White Metal Gains More Than ₹3,100

Silver also experienced a substantial increase in the reported trading session.

According to the supplied figures, silver futures advanced by ₹3,106 per kilogram, taking the price to ₹2,24,339.

During the previous trading session, the contract had closed at ₹2,21,233 per kilogram.

This represents an increase of approximately 1.4%, exceeding gold's percentage gain during the same period.

Silver attracts interest from both investors and industrial consumers because it is used in jewellery, electronics, solar equipment and various manufacturing applications.

Changes in investment demand, industrial consumption and international commodity market conditions can influence silver prices.

Like gold, the reported silver futures rate relates to the December 4, 2026, MCX contract rather than a guaranteed retail selling price.

MCX Gold and Silver Prices: Latest Reported Trading Figures

Both figures represent futures market prices reported at 10:52 AM on Friday, October 9, rather than live Saturday trading quotations.

Gold Rates Today: Check 24K, 22K and 18K Prices Across Major Cities

Gold jewellery buyers often compare prices between different cities before making a purchase.

The reported retail gold rates for October 10, 2026, show modest differences depending on the location and purity of the metal.

Here is the city-wise price comparison.

Note: These are indicative rates from the supplied October 10 report. They have not been independently verified against live bullion or jewellery market quotations.

Delhi Gold Price: 24-Carat Gold Reaches ₹15,086 Per Gram

In the national capital, the reported price of 24-carat gold stands at ₹15,086 per gram.

Meanwhile, 22-carat gold is listed at ₹13,830 per gram, while 18-carat gold costs ₹11,318 per gram.

Based on these figures, purchasing 10 grams of 24-carat gold would involve a base metal cost of ₹1,50,860 before applicable taxes and additional charges.

For jewellery buyers, the final bill may be higher depending on the design and making charges imposed by the jeweller.

Mumbai Gold Rate: Check the Latest Prices

Mumbai's reported gold rates are slightly lower than those listed for Delhi.

The price of 24-carat gold stands at ₹15,071 per gram, while 22-carat gold is available at an indicative rate of ₹13,815 per gram.

For 18-carat gold, the reported rate is ₹11,303 per gram.

This means 10 grams of 22-carat gold would have an indicative base value of ₹1,38,150, excluding taxes and jewellery-making expenses.

Chennai, Kolkata and Bengaluru Gold Prices

In Chennai, 24-carat gold is listed at ₹15,071 per gram, while 22-carat gold stands at ₹13,815. The reported 18-carat rate is ₹11,350 per gram.

Kolkata and Bengaluru have similar indicative prices for all three purity categories.

In both cities, 24-carat gold is priced at ₹15,071 per gram, 22-carat gold at ₹13,815 and 18-carat gold at ₹11,303.

These regional differences highlight the importance of comparing retail prices before purchasing expensive jewellery.

Why Are Gold and Silver Prices Rising?

Several economic and market-related factors can influence precious metal prices.

One major factor is international demand. Gold is widely regarded as a store of value, and demand may increase during periods of economic or geopolitical uncertainty.

Movements in the US dollar and expectations surrounding interest rates can also affect international gold prices.

In India, the rupee's exchange rate against the dollar plays an important role because a significant portion of the country's gold requirement is met through imports.

Silver prices are influenced by some of these same factors, along with demand from industrial sectors.

However, the supplied market report does not establish a specific reason for Friday's price increase, so the rise should not be attributed to any single factor without further evidence.

24K vs 22K vs 18K Gold: Which Should Buyers Choose?

Before purchasing gold, consumers should understand the difference between the three common purity categories.

24-carat gold contains approximately 99.9% pure gold and is generally preferred for certain investment products, such as coins and bars. Its softness makes it less suitable for many everyday jewellery designs.

22-carat gold contains approximately 91.6% gold, with the remaining portion consisting of other metals. It is commonly used for traditional gold jewellery.

18-carat gold contains 75% gold and is often used in jewellery requiring greater durability or intricate designs.

The appropriate choice depends on whether the buyer prioritises investment, appearance, durability or affordability.

Important Things to Check Before Buying Gold or Silver

Consumers planning to purchase precious metals should carefully examine the final price rather than relying only on advertised market rates.

For gold jewellery, buyers should verify the applicable BIS hallmark and purity details. Where applicable, the Hallmark Unique Identification number can also be checked through BIS verification services.

Making charges can significantly increase the final cost of jewellery, particularly for complicated designs.

Buyers should also review the applicable GST, product weight, purity and any additional charges included in the invoice.

For silver purchases, checking purity and comparing prices between reputable sellers is equally important.

Investors considering gold or silver futures should also understand that these products involve market risk and can experience substantial price fluctuations.

Will Gold and Silver Prices Continue to Increase?

Although the latest reported session recorded strong gains in both metals, future price movements remain uncertain.

International commodity prices, currency movements, investor demand and broader economic developments can influence trading in the coming sessions.

The recent increase does not guarantee that gold or silver prices will continue rising.

People planning large jewellery purchases may benefit from comparing rates across multiple retailers and understanding the complete purchase cost before making a decision.

Gold and Silver Price October 10: Key Takeaway

The latest reported market figures show that gold and silver futures registered substantial gains on Friday, October 9, 2026.

Gold futures increased by ₹1,493 to ₹1,51,103 per 10 grams, while silver futures advanced by ₹3,106 to ₹2,24,339 per kilogram.

In the retail market, the supplied October 10 rates place 24-carat gold at ₹15,086 per gram in Delhi and ₹15,071 per gram in Mumbai, Chennai, Kolkata and Bengaluru.

For jewellery buyers and investors, checking the latest verified market prices, gold purity, taxes and additional charges remains essential before making a purchase.

Editorial note: The MCX figures are historical intraday quotations from October 9, while the city-wise rates are attributed to October 10 in the supplied article. These should not be presented as independently verified live prices.