Gold and silver prices rose on 19 October, giving buyers higher rates to check before making purchases during Navratri. Silver gained ₹1,408 to reach ₹2,12,595 per kilogram, while gold climbed ₹479 to ₹1,48,397 per 10 grams.
The domestic figures reported for the broader market differ from the city-wise silver quotes listed separately. Most of the cities covered in the retail table show silver at ₹2,29,900 per kilogram, while Chennai is listed at ₹2,39,900 per kilogram.
Gold prices by purity and city
Gold prices were described as broadly stable across most cities on 19 October. Delhi's listed rate for 24-carat gold is ₹14,780 per 10 grams, while 22-carat gold is quoted at ₹13,549.
Mumbai, Kolkata, Bengaluru, Hyderabad, Pune and Kerala each show 24-carat gold at ₹14,765 per 10 grams. Their 22-carat rate is ₹13,534 per 10 grams.
The listed 18-carat rate is ₹11,073 in Delhi and the other cities named above. Chennai has the highest 18-carat quote in the table at ₹11,124. The table does not provide 24-carat or 22-carat figures for Chennai.
| City | 24-carat gold | 22-carat gold | 18-carat gold |
|---|---|---|---|
| Delhi | ₹14,780 | ₹13,549 | ₹11,073 |
| Mumbai | ₹14,765 | ₹13,534 | ₹11,073 |
| Kolkata | ₹14,765 | ₹13,534 | ₹11,073 |
| Bengaluru | ₹14,765 | ₹13,534 | ₹11,073 |
| Hyderabad | ₹14,765 | ₹13,534 | ₹11,073 |
| Pune | ₹14,765 | ₹13,534 | ₹11,073 |
| Kerala | ₹14,765 | ₹13,534 | ₹11,073 |
| Chennai | — | — | ₹11,124 |
Silver rates across cities
Silver is listed at ₹2,29,900 per kilogram in Delhi, Mumbai, Kolkata, Lucknow, Patna, Jaipur, Ahmedabad, Pune, Bengaluru, Hyderabad, Bhopal, Chandigarh, Noida and Gurugram.
Chennai is the exception in the city-wise list, with silver quoted at ₹2,39,900 per kilogram. These retail figures are higher than the broader silver rate of ₹2,12,595 per kilogram reported for the day, so buyers should identify which market or quote they are checking.
Global market movement
International prices also moved upward. On COMEX, gold gained 0.46% to trade at 4200 dollars per ounce, while silver rose 1.01% to 57 dollars per ounce.
The reported market backdrop includes geopolitical tension, concerns around risks near Hormuz and uncertainty linked to technology shares. Rising spending on artificial-intelligence infrastructure has also added to concerns about market stability.
Gold can attract demand in uncertain conditions because some investors view it as a safe asset. A decline in US government bond yields has also supported the metal. Since gold does not pay interest, lower bond returns reduce the opportunity cost of holding it.
A weaker US dollar has provided additional support to precious metals. The dollar index was reported to have fallen below its highest level in 18 months.
Inflation remains a risk
The rise in precious metals faces a counterpressure from inflation concerns in the United States. Producer prices increased more than expected, raising concern that the Federal Reserve could maintain a stricter interest-rate stance.
Higher interest rates can make investments that pay interest more attractive. That may put pressure on demand for gold and silver, which do not provide interest income.
Conclusion
Gold and silver were higher on 19 October, but the supplied figures show different levels for the broader silver rate and city-wise retail quotes. Global gains received support from geopolitical uncertainty, lower US bond yields and dollar weakness, while inflation and interest-rate concerns remain a risk.
Frequently Asked Questions
Q. What was the reported silver rate on 19 October?
Silver rose ₹1,408 to ₹2,12,595 per kilogram in the broader market figure.
Q. What was the reported gold rate?
Gold gained ₹479 and traded at ₹1,48,397 per 10 grams.
Q. What was Delhi's 22-carat gold rate?
Delhi's listed 22-carat rate was ₹13,549 per 10 grams.
Q. Which city had the highest listed silver rate?
Chennai had the highest city-wise silver quote at ₹2,39,900 per kilogram.
Q. What were the COMEX gold and silver prices?
COMEX gold rose 0.46% to 4200 dollars per ounce, and silver advanced 1.01% to 57 dollars per ounce.
Q. What supported precious-metal prices?
Geopolitical risks, lower US bond yields and a weaker dollar supported the reported rise.
Q. What could put pressure on gold and silver?
US inflation concerns and the possibility of stricter interest rates could weigh on demand.
