Gold prices today in your city: Check rates in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi, Kolkata on October 18

By Admin

18 Oct, 2025

Gold and silver prices remained elevated across major Indian cities today, October 18, as the yellow metal continued to shine amid global economic uncertainties and festive buying ahead of Dhanteras. Despite a slight pullback on October 17, gold prices continue to hover near record highs, reflecting investor confidence in the metal as a safe-haven asset.

Global Market Overview
Gold prices had surged to an all-time high above $4,300 per ounce before correcting by over 2% on October 17. Spot gold slipped 2.6% to $4,211.48 per ounce at 1:38 p.m. ET (1738 GMT), while US gold futures for December delivery settled 2.1% lower at $4,213.30. The decline followed comments by US President Donald Trump suggesting that his 100% tariffs on China may not be sustainable, prompting profit booking in the bullion markets.

India’s Festive Sentiment and Long-Term Outlook
As India celebrates Dhanteras today, gold demand is expected to rise, with buyers viewing the metal as both auspicious and financially prudent. Over the past 20 years, gold prices have surged an astonishing 1,200%, climbing from ₹7,638 in 2005 to over ₹1,00,000 in 2025 (till June). The metal has delivered positive returns in 16 of these years, and year-to-date (YTD) prices have risen 31%, reinforcing gold’s position as one of 2025’s top-performing asset classes.

Similarly, silver has showcased remarkable resilience, maintaining levels above ₹1 lakh/kg for months. Over the same 20-year span, silver prices have jumped 668.84%, confirming its strength as a long-term investment option.

Current Gold and Silver Prices   October 18
According to the Multi Commodity Exchange (MCX) and Indian Bullion Association (IBA) data at 8 am on October 18:

• 24-carat gold: ₹1,27,320 per 10 gm
  
  

• 22-carat gold: ₹1,16,710 per 10 gm
  
  

• Silver (999 Fine): ₹1,57,300 per kg
  
  

Note: Retail prices may vary depending on making charges, GST, and local jeweller margins.

Gold and Silver Prices in Major Indian Cities   October 18

Mumbai

• Gold bullion rate: ₹1,27,320/10 gm
  
  

• MCX Gold rate: ₹1,27,320/10 gm
  
  

• Silver bullion rate: ₹1,57,300/kg
  
  

• MCX Silver 999 rate: ₹1,57,300/kg
  
  

New Delhi

• Gold bullion rate: ₹1,27,100/10 gm
  
  

• MCX Gold rate: ₹1,27,320/10 gm
  
  

• Silver bullion rate: ₹1,57,030/kg
  
  

• MCX Silver 999 rate: ₹1,57,300/kg
  
  

Kolkata

• Gold bullion rate: ₹1,27,150/10 gm
  
  

• MCX Gold rate: ₹1,27,320/10 gm
  
  

• Silver bullion rate: ₹1,57,090/kg
  
  

• MCX Silver 999 rate: ₹1,57,300/kg
  
  

Bengaluru

• Gold bullion rate: ₹1,27,420/10 gm
  
  

• MCX Gold rate: ₹1,27,320/10 gm
  
  

• Silver bullion rate: ₹1,57,420/kg
  
  

• MCX Silver 999 rate: ₹1,57,300/kg
  
  

Hyderabad

• Gold bullion rate: ₹1,27,520/10 gm
  
  

• MCX Gold rate: ₹1,27,320/10 gm
  
  

• Silver bullion rate: ₹1,57,550/kg
  
  

• MCX Silver 999 rate: ₹1,57,300/kg
  
  

Chennai

• Gold bullion rate: ₹1,27,690/10 gm
  
  

• MCX Gold rate: ₹1,27,320/10 gm
  
  

• Silver bullion rate: ₹1,57,760/kg
  
  

• MCX Silver 999 rate: ₹1,57,300/kg
  
  

Why Gold and Silver Remain Safe Havens
Experts continue to view gold and silver as reliable hedges against inflation, currency fluctuations, and geopolitical uncertainty. Their intrinsic value and historical performance make them trusted stores of wealth during volatile market conditions. With increased risk aversion globally, these metals are expected to remain top picks among cautious investors in the near term.

Conclusion
On this auspicious Dhanteras, gold prices across major Indian cities reflect both festive enthusiasm and global market dynamics. As trading remains closed till Monday, investors and buyers can use this time to assess market trends and consult certified advisors before making investment decisions.

Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies and not of Mint. Please consult certified financial experts before making investment decisions.