Tracking live silver gold prices is essential if you are planning wedding purchases or bullion investments this week. On Monday, November 2, 2026, retail silver gold prices across India delivered big relief to families after a volatile October rally. Specifically, the gold and silver rate today reflects a sharp Rs 420 per gram reduction in the 22k gold jewellery price at leading showrooms. Moreover, the latest Tanishq Malabar Kalyan gold rate update shows most chains quoting Rs 12,775 per gram across major metros. Meanwhile, the official IBJA gold and silver rate also recorded a fresh dip in both 24-karat bullion and 999 purity silver price benchmarks.
However, showroom trends were not identical in every city. While Malabar, Kalyan, and Joyalukkas lowered their rates to Rs 12,775 per gram, Tanishq adjusted its counter rate upward by Rs 45 per gram in several hubs. Therefore, comparing brand-by-brand quotes before stepping into a showroom can easily save you thousands of rupees. Below, we break down the verified city-wise showroom numbers, purity-wise IBJA benchmarks, and exact billing calculations for Indian buyers.
Market Snapshot: Why Silver Gold Prices and Gold and Silver Rate Today Dropped
Understanding why silver gold prices softened today helps buyers time their purchases wisely. During late October, domestic bullion counters had climbed toward record highs due to festive demand and global geopolitical tension. Subsequently, international COMEX spot gold cooled near the $3,915 per ounce mark as traders booked profits. Consequently, Multi Commodity Exchange (MCX) gold futures opened near Rs 1,38,834 per 10 grams on Monday morning. As a result, physical bullion dealers immediately revised their morning board rates downward.
Furthermore, the gold and silver rate today highlights a clear drop from last weekend’s peak. On October 31, 2026, shoppers in New Delhi, Mumbai, and Chennai were paying Rs 13,195 per gram for standard 22-karat ornaments. Today, that same gram costs Rs 12,775 at Malabar Gold, Kalyan Jewellers, and Joyalukkas. Therefore, a family buying 50 grams of bridal ornaments saves Rs 21,000 straight on the base metal value before taxes.
22K Gold Jewellery Price & Tanishq Malabar Kalyan Gold Rate Across Cities
Every major retail chain updates its morning board rate based on local bullion association inputs and inventory hedging. Therefore, checking the exact 22k gold jewellery price across brands protects you from overpaying. On November 2, 2026, the Tanishq Malabar Kalyan gold rate comparison shows a narrow Rs 5 to Rs 50 per gram gap in most metro markets. However, Bengaluru stands out as a notable exception today.
Specifically, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas maintained a uniform 22k gold jewellery price of Rs 12,775 per gram across Delhi, Mumbai, Chennai, Kolkata, Hyderabad, and Trivandrum. In contrast, their Bengaluru showrooms held steady at Rs 13,195 per gram. Meanwhile, Tanishq quoted Rs 12,780 per gram in Delhi and Rs 12,825 per gram across Mumbai, Chennai, Kolkata, Hyderabad, Bengaluru, and Trivandrum. You can inspect the complete city-by-city comparison in the table below.
| City | Tanishq (22K / 1g) | Malabar Gold (22K / 1g) | Kalyan Jewellers (22K / 1g) | Joyalukkas (22K / 1g) | Change vs Oct 31 (Malabar/Kalyan) |
|---|---|---|---|---|---|
| Delhi | Rs 12,780 | Rs 12,775 | Rs 12,775 | Rs 12,775 | -Rs 420 / gram |
| Mumbai | Rs 12,825 | Rs 12,775 | Rs 12,775 | Rs 12,775 | -Rs 420 / gram |
| Chennai | Rs 12,825 | Rs 12,775 | Rs 12,775 | Rs 12,775 | -Rs 420 / gram |
| Kolkata | Rs 12,825 | Rs 12,775 | Rs 12,775 | Rs 12,775 | -Rs 420 / gram |
| Hyderabad | Rs 12,825 | Rs 12,775 | Rs 12,775 | Rs 12,775 | -Rs 420 / gram |
| Trivandrum | Rs 12,825 | Rs 12,775 | Rs 12,775 | Rs 12,775 | -Rs 420 / gram |
| Bengaluru | Rs 12,825 | Rs 13,195 | Rs 13,195 | Rs 13,195 | Rs 0 (Unchanged) |
Gold Price in Delhi Mumbai Chennai: Showroom Comparison
When evaluating the gold price in Delhi Mumbai Chennai, buyers should pay close attention to how each brand reacted over the weekend. In New Delhi, Tanishq kept its 22-karat tag unchanged at Rs 12,780 per gram on Monday. However, Malabar Gold, Kalyan Jewellers, and Joyalukkas offered Delhi shoppers a Rs 5 per gram advantage at Rs 12,775 per gram. Previously, on October 31, these same chains were charging Rs 13,195 per gram in the capital.
Similarly, in Mumbai and Chennai, Tanishq raised its 22-karat showroom rate from Rs 12,780 per gram to Rs 12,825 per gram today. Conversely, Malabar, Kalyan, and Joyalukkas priced 22-karat ornaments at Rs 12,775 per gram across both coastal metros. Consequently, checking the Tanishq Malabar Kalyan gold rate before finalizing a purchase in Bengaluru is even more critical. In fact, Tanishq’s Rs 12,825 per gram quote in Bengaluru is currently Rs 370 per gram cheaper than the Rs 13,195 per gram listed by rival chains.
IBJA Gold and Silver Rate: 24K, 22K, 20K, 18K, 14K & 999 Silver Benchmarks
Aside from individual showroom boards, the IBJA gold and silver rate serves as India’s official daily reference for banks, Sovereign Gold Bonds, and hallmarking centres. The India Bullion and Jewellers Association (IBJA) publishes morning (AM) and evening (PM) indicative retail selling rates across five gold purities and 999 fine silver. Therefore, tracking the IBJA gold and silver rate alongside retail silver gold prices helps consumers verify whether a local jeweller is charging a fair base rate.
According to the official November 2, 2026 AM bulletin, the 24k 22k 20k 18k gold price dropped across every single purity tier compared to the October 30, 2026 PM closing benchmark. Specifically, Fine Gold (999 purity) declined by Rs 228 per gram to settle at Rs 13,777 per gram (or Rs 1,37,770 per 10 grams). Likewise, the IBJA 22-karat indicative rate eased by Rs 222 per gram to Rs 13,447 per gram. Additionally, 20-karat and 18-karat gold fell by Rs 202 and Rs 184 per gram respectively.
| Metal & Purity Grade | Nov 2, 2026 (AM Rate) | Oct 30, 2026 (PM Rate) | Net Price Change | 10 Grams / 1 Kg Equivalent (Nov 2) |
|---|---|---|---|---|
| Fine Gold (999 / 24K) | Rs 13,777 / gram | Rs 14,005 / gram | -Rs 228 / gram | Rs 1,37,770 / 10g |
| 22 KT Gold | Rs 13,447 / gram | Rs 13,669 / gram | -Rs 222 / gram | Rs 1,34,470 / 10g |
| 20 KT Gold | Rs 12,262 / gram | Rs 12,464 / gram | -Rs 202 / gram | Rs 1,22,620 / 10g |
| 18 KT Gold | Rs 11,160 / gram | Rs 11,344 / gram | -Rs 184 / gram | Rs 1,11,600 / 10g |
| 14 KT Gold | Rs 8,886 / gram | Rs 9,033 / gram | -Rs 167 / gram | Rs 88,860 / 10g |
| Silver (999 Purity) | Rs 1,80,080 / kg | Rs 1,81,344 / kg | -Rs 1,264 / kg | Rs 1,800.80 / 10g |
Silver Rate Today Per Kg and 999 Purity Silver Price Trend
Industrial buyers and silverware shoppers also received encouraging news from the white metal counter. The official IBJA silver rate today per kg stood at Rs 1,80,080 on Monday morning. That represents a Rs 1,264 per kilogram drop from October 30’s evening rate of Rs 1,81,344 per kilogram. Consequently, the 999 purity silver price works out to Rs 180.08 per gram or Rs 1,800.80 per 10 grams before GST and making charges.
Earlier in October, retail silver quotes in certain regional hubs had briefly tested the Rs 1,95,000 to Rs 2,00,000 per kilogram zone. Today’s pullback toward Rs 1.80 lakh per kilogram makes silver coins, utensils, and festive gift articles noticeably more affordable. Furthermore, if you want to compare lump-sum bullion purchases against monthly systematic plans, you can test return scenarios on our SIP Calculator and Compound Interest Calculator.
How Retail Gold Jewellery Rates India Are Calculated at Billing
First-time buyers often wonder why their final showroom invoice is higher than the advertised silver gold prices on financial portals. In reality, all published showroom and IBJA figures represent the base metal rate excluding Goods and Services Tax (GST) and craftsmanship charges. Therefore, understanding how retail gold jewellery rates India are billed ensures complete transparency at the cash counter.
- Base Purity Value: First, the jeweller multiplies the net gold weight (in grams) by the day’s 22k gold jewellery price (for instance, Rs 12,775 per gram at Malabar or Kalyan) or the relevant 18-karat rate for diamond-studded pieces.
- Making Charges (Wastage / Value Addition): Next, retailers add making charges ranging from 8% to 25% depending on ornament complexity. You can verify the exact percentage markup using our Percentage Calculator.
- Hallmarking & Stone Charges: Additionally, BIS HUID 6-digit hallmarking carries a nominal fee of Rs 45 per article, while precious stones are billed separately.
- Mandatory 3% GST: Finally, a 3% GST is levied on the combined value of the gold plus making charges. Moreover, if you are financing a bridal purchase through a loan, you can check your monthly outgo on our EMI Calculator.
Smart Checklist Before Buying 24K, 22K, 20K or 18K Jewellery
Whenever silver gold prices dip as they did on November 2, showroom footfall rises rapidly. Nevertheless, smart shoppers always verify three essentials before swiping their card. First, confirm the 6-digit alphanumeric HUID (Hallmark Unique Identification) stamped on every ornament via the official BIS Care app. Second, ask the salesperson for a written breakup showing the exact 24k 22k 20k 18k gold price per gram, net gold weight, and making charge percentage. Third, compare the Tanishq Malabar Kalyan gold rate and IBJA gold and silver rate on the morning of your visit. For more daily market dispatches, visit our Business & Economy News desk.
Frequently Asked Questions (FAQs) on Silver Gold Prices Today
On November 2, 2026, IBJA indicative 999 fine gold (24K) is priced at Rs 13,777 per gram (down Rs 228/g), while 999 purity silver is priced at Rs 1,80,080 per kilogram (down Rs 1,264/kg). Meanwhile, across leading showrooms like Malabar Gold, Kalyan Jewellers, and Joyalukkas, the 22K gold jewellery price is Rs 12,775 per gram in Delhi, Mumbai, Chennai, Kolkata, Hyderabad, and Trivandrum.
Today on November 2, 2026, Tanishq’s 22K gold rate is Rs 12,780 per gram in Delhi and Rs 12,825 per gram in Mumbai, Chennai, Kolkata, Hyderabad, Bengaluru, and Trivandrum. In contrast, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas are quoting Rs 12,775 per gram in Delhi, Mumbai, Chennai, Kolkata, Hyderabad, and Trivandrum, and Rs 13,195 per gram in Bengaluru.
IBJA Bullion Benchmarks and GST Billing FAQs
Compared to October 30, 2026 PM rates, the November 2, 2026 AM IBJA gold and silver rate fell by Rs 228 per gram for 999 fine gold (to Rs 13,777/g) and Rs 222 per gram for 22K gold (to Rs 13,447/g). Additionally, 20K gold fell by Rs 202 per gram (to Rs 12,262/g), 18K gold dropped by Rs 184 per gram (to Rs 11,160/g), and 999 silver declined by Rs 1,264 per kg (to Rs 1,80,080/kg).
No. Both IBJA indicative rates and showroom board prices from Tanishq, Malabar, Kalyan, and Joyalukkas exclude the mandatory 3% GST, BIS hallmarking fees, and making charges (which vary from 8% to 25% based on ornament design).
