Silver prices followed a similar path. As of October 18, the retail price of silver in India is Rs 1,72,000 for one kilogram.
Dhanteras, considered an auspicious day to buy precious metals, arrives this year with a slight decline in gold prices from their recent highs.
The price drop was reflected in all major purities. The rate for 22-carat gold is now Rs 11,995 per gram, while 18-carat gold costs Rs 9,814 per gram. Compared to the previous session, 24K gold has fallen by Rs 191 per gram, 22K gold by Rs 175 and 18K gold by Rs 144 per gram.
In terms of total cost, 8 grams of 24-carat gold costs Rs 1,04,688, and 100 grams costs Rs 13,08,600. For 22K gold, the cost for 8 grams is Rs 95,960, while 100 grams is valued at Rs 11,99,500.
For silver, the retail price of silver in India is Rs 172 per gram, or Rs 1,720 for 10 grams. Other standard quantities are priced at Rs 1,376 for 8 grams and Rs 17,200 for 100 grams. Despite the decline in retail prices, silver futures on the MCX posted gains in the latest session.
Gold rates by city
- In Delhi, 24-carat gold is priced slightly higher at Rs 13,101 per gram, and 22-carat gold costs Rs 12,010 per gram.
- In Chennai, the price of 24K gold is Rs 13,037 per gram, while 22K gold costs Rs 11,950 per gram.
- In Mumbai, 24K gold costs Rs 13,086 per gram, and 22K gold costs Rs 11,995 per gram.
- In Hyderabad, the price of 24K gold is Rs 13,086 per gram while 22K gold costs Rs 11,995 per gram.
Gold and Silver Rates on MCX
Meanwhile, gold futures on the Multi Commodity Exchange (MCX) ended the previous trading session on a high note. The December 5, 2025 gold futures contract closed at Rs 1,27,320 per 10 gram on Friday, registering a gain of Rs 312 or 0.25% for the day.
Notably, the price of Rs 1,32,294 marked a new lifetime high for gold futures on the MCX.
Silver futures also rose. The silver contract on December 5, 2025 ended at Rs 1,57,300 per kilogram, up Rs 696 or 0.44%. The upper end of the silver range, Rs 1,70,415, is now the highest price silver has reached so far on MCX.
Since Saturday is a trading holiday, this closing price remains the most recent available on the exchange.
Also read: As Dhanteras 2025 arrives, gold’s 63% rally talks about a Rs 1.5 lakh level. See what analysts have to say
(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times
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