Gold Rate Today, October 31, 2026: Gold prices are once again dominating conversations among Indian jewellery buyers as Dhanteras approaches. With the festive shopping season gaining momentum, customers are asking an important question: How much gold can ₹1 lakh actually buy today?
For families planning to purchase jewellery, coins or gold ornaments, the answer may be surprising. The difference between the market gold rate and the final jewellery bill can be substantial, particularly when making charges and taxes are included.
With Dhanteras falling on November 6, 2026, buyers across Delhi, Mumbai, Chennai, Bangalore, Hyderabad and other major cities are checking the latest 22-carat and 24-carat gold rates before making their purchases.
Let’s understand what ₹1 lakh can buy, why jewellery costs more than the displayed gold rate and what you should check before visiting a showroom.
Gold Rate Today: What Does 8 Grams of Gold Cost?
According to indicative market rates reported for October 31, 2026, the prices are:
| Gold purity | Per gram | Per 8 grams |
|---|---|---|
| 24 Carat | ₹13,761 | ₹1,10,088 |
| 22 Carat | ₹12,605 | ₹1,00,840 |
These are indicative bullion prices, excluding jewellery making charges and applicable taxes.
At these rates, ₹1 lakh is approximately the cost of 8 grams of 22K gold before additional jewellery expenses.
This means that someone planning to purchase an 8-gram gold necklace or bangle set may need a higher budget than the displayed gold value.
Why Does an 8-Gram Gold Necklace Cost More Than ₹1 Lakh?
This is where many first-time jewellery buyers get confused.
The gold rate displayed outside a showroom is not necessarily the final amount you pay.
A jewellery invoice generally includes:
- Gold value: The price of the gold according to its weight and purity.
- Making charges: The cost of manufacturing and designing the ornament.
- Wastage or other charges: If applicable under the jeweller’s pricing policy.
- GST: Applicable tax on the transaction.
For example, consider an illustrative purchase of 8 grams of 22K gold at ₹12,605 per gram.
| Cost component | Amount |
|---|---|
| Gold value | ₹1,00,840 |
| Making charges (10%) | ₹10,084 |
| Subtotal | ₹1,10,924 |
| GST (3% on subtotal) | ₹3,327.72 |
| Estimated final bill | ₹1,14,251.72 |
Illustrative calculation only. Actual making charges and invoice components vary by jeweller and product.
The difference between the displayed gold value and the final bill can be significant.
City-Wise Gold Rate Today in India – October 31, 2026
Gold prices can vary across cities because of local market conditions and jeweller pricing policies.
Here are the indicative 22K and 24K gold prices:
| City | 22K per gram | 24K per gram |
|---|---|---|
| Delhi | ₹12,605 | ₹13,761 |
| Mumbai | ₹12,605 | ₹13,761 |
| Chennai | ₹12,635 | ₹13,793 |
| Bangalore | ₹12,605 | ₹13,761 |
| Hyderabad | ₹12,607 | ₹13,763 |
| Ahmedabad | ₹12,607 | ₹13,763 |
| Kolkata | ₹12,605 | ₹13,761 |
| Coimbatore | ₹12,635 | ₹13,793 |
Indicative prices; confirm the latest local rate before purchasing.
Gold Rate Today in Delhi
The indicative 22-carat gold rate in Delhi is ₹12,605 per gram, while 24-carat gold is approximately ₹13,761 per gram.
Gold Rate Today in Chennai
The 22K gold rate in Chennai is approximately ₹12,635 per gram, with 24K gold at ₹13,793 per gram.
Gold Rate Today in Bangalore
The indicative 22K gold rate in Bangalore is ₹12,605 per gram, while 24K gold is ₹13,761 per gram.
Gold Rate Today in Hyderabad
The 22K gold price in Hyderabad is approximately ₹12,607 per gram, while 24K gold is ₹13,763 per gram.
Gold Rate Today in Mumbai
Mumbai’s indicative 22K gold rate is ₹12,605 per gram, with 24K gold at approximately ₹13,761 per gram.
Gold Price Today in Kolkata and Ahmedabad
The indicative 22K gold price in Kolkata is ₹12,605 per gram. In Ahmedabad, it is approximately ₹12,607 per gram.
Tanishq vs Malabar Gold vs Kalyan Jewellers: Where Should You Buy?
During the festive season, customers often compare prices between major jewellery retailers.
Tanishq Gold Rate Today
Tanishq’s published 22K gold rate for October 31, 2026, is approximately ₹13,090 per gram.
Buyers should compare the final jewellery quotation rather than looking only at the gold rate.
Malabar Gold Rate Today
Malabar Gold and Diamonds offers traditional and contemporary jewellery collections. The final price depends on the prevailing showroom rate, design, making charges and applicable taxes.
Kalyan Jewellers
Kalyan Jewellers is another popular destination for gold jewellery and festive purchases. Customers should check the applicable gold rate, making charges and exchange policies at their selected showroom.
Buying tip: Request a complete written quotation from each retailer for the same weight and purity. This makes price comparisons much more meaningful.
Dhanteras 2026: Why Is Gold Buying So Important?
Dhanteras will be celebrated on Friday, November 6, 2026.
The festival is traditionally associated with purchasing gold, silver and other valuable items. For many Indian families, buying even a small gold coin or piece of jewellery is an important part of the celebration.
With gold prices remaining a major talking point, buyers are exploring different purchase options.
Popular Dhanteras purchases include:
- 1-gram and 2-gram gold coins.
- 5-gram and 8-gram gold coins.
- 22K gold bangles and rings.
- Traditional necklaces and earrings.
- 24K investment bars and coins.
- Silver coins and utensils.
Not everyone needs to purchase expensive jewellery. Buyers can select products according to their budget.
Gold or Silver: What Should You Buy This Dhanteras?
Silver is also receiving attention ahead of the festive season.
The indicative silver rate on October 31, 2026, is around ₹179 per gram, or ₹1,790 per 10 grams.
Gold is traditionally preferred for jewellery and precious-metal savings, while silver is popular for coins, utensils and investment products.
However, both metals carry price risk. Neither guarantees a profit.
MCX Gold: What Are Traders Watching?
Apart from jewellery buyers, investors and traders are closely monitoring MCX gold futures.
Gold prices are influenced by several factors:
- International spot gold prices.
- US dollar movements.
- Indian rupee exchange rates.
- Global interest rate expectations.
- Central bank gold purchases.
- Geopolitical developments.
- Domestic festive demand.
MCX gold futures provide an important reference for market participants, but futures prices are different from the final retail price of jewellery.
Five Things to Check Before Buying Gold on Dhanteras
Before making your purchase, keep these five points in mind:
1. Check the purity: Make sure the jewellery carries the appropriate BIS hallmark and HUID identification.
2. Compare making charges: Different retailers may charge different amounts for similar designs.
3. Check the weight: Understand the net gold weight separately from stones, beads and other materials.
4. Understand exchange policies: Ask about deductions, buyback terms and exchange conditions.
5. Keep your invoice: Always retain a detailed purchase invoice for future resale, exchange or warranty requirements.
Frequently Asked Questions
How much does 8 grams of 22K gold cost today?
At the indicative rate of ₹12,605 per gram, 8 grams of 22K gold costs approximately ₹1,00,840 before making charges and applicable taxes.
Can I buy 8 grams of gold for ₹1 lakh?
At the indicative rate, ₹1 lakh is slightly below the gold value of 8 grams of 22K gold. Making charges and taxes would increase the required budget further.
What is the 22 carat gold rate today?
The indicative 22K gold rate on October 31, 2026, is approximately ₹12,605 per gram in Delhi, Mumbai, Bangalore and Kolkata.
What is the 24 carat gold rate today?
The indicative 24K gold rate is approximately ₹13,761 per gram in several major Indian cities.
When is Dhanteras in 2026?
Dhanteras will be celebrated on November 6, 2026.
Is it better to buy gold before Dhanteras?
There is no guaranteed way to predict short-term gold price movements. Buyers should compare current rates, making charges and their personal budgets before deciding.
What is the silver rate today?
The indicative silver price on October 31, 2026, is approximately ₹179 per gram.
Final Takeaway: Is ₹1 Lakh Enough to Buy Gold This Dhanteras?
The answer depends on what you intend to purchase.
At current indicative rates, ₹1 lakh is approximately enough for the underlying value of 8 grams of 22K gold, but not necessarily enough for an 8-gram finished jewellery purchase after additional charges.
For buyers preparing for Dhanteras, the smartest approach is to compare the actual jewellery bill, check purity and understand every charge before making a decision.
Gold purchases are often emotional as well as financial. A little research before entering the showroom can make a meaningful difference to your festive shopping budget.