Silver prices followed a similar path. On October 18, the retail price of silver in India is Rs 1,72,000 for one kilogram.
Dhanteras, considered an auspicious day to purchase precious metals, arrives this year with gold prices easing slightly from their recent highs.
The price drop was reflected across all major purities. The rate for 22-karat gold is now Rs 11,995 per gram, while 18-karat gold is priced at 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 24K gold are priced at Rs 1,04,688, and 100 grams at Rs 13,08,600. For 22K gold, the cost for 8 grams stands at 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 fall in retail prices, silver futures on the MCX posted gains in the last session.
City-wise gold rates
In Delhi, 24K gold is priced slightly higher at Rs 13,101 per gram, and 22K gold is Rs 12,010 per gram.In Chennai, the price of 24K gold is Rs 13,037 per gram, while 22K gold is priced at Rs 11,950 per gram.In Mumbai, 24K gold is priced at Rs 13,086 per gram, and 22K gold stands at 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, on the Multi Commodity Exchange (MCX), gold futures ended the previous trading session on a high note. The December 5, 2025, gold futures contract closed at Rs 1,27,320 per 10 grams 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 rallied. The December 5, 2025, silver contract ended at Rs 1,57,300 per kilogram, up Rs 696 or 0.44%. The upper bound of silver’s range, Rs 1,70,415, is now the highest price silver has reached on MCX to date.
With Saturday being a trading holiday, this closing price remains the most recent available from the exchange.
Also read: As Dhanteras 2025 arrives, gold’s 63% rally fuels talk of Rs 1.5 lakh levels. Check what analysts have to say(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times
