People planning to buy gold or silver received some relief on Thursday, October 22, 2026, as prices of both precious metals recorded a decline compared with the previous day. The reported rates showed a reduction in the prices of 24-carat and 22-carat gold, while silver also became cheaper. According to the reported figures, the price of 24-carat gold fell by ₹1,400, while 22-carat gold registered a decline of ₹1,300. Silver recorded a more significant drop of ₹6,200 compared with Wednesday's reported price. These changes may interest people planning to purchase jewellery, buy silver articles or track precious metal prices before making a purchase. However, buyers should confirm the latest rate with a local jeweller because prices can differ by city and the final bill may include additional charges.

24-Carat Gold Price Falls by ₹1,400

The reported gold price today for 24-carat gold declined to ₹1,47,000 on Thursday. On Wednesday, the price stood at ₹1,48,400. This represents a reduction of ₹1,400 in the reported price. The movement may be relevant for buyers who are comparing gold rates before making a purchase.

The supplied report does not specify the unit for these prices. Buyers should therefore confirm whether the quoted rate applies to the quantity they intend to purchase before comparing it with jewellery-shop prices.

22-Carat Gold Also Becomes Cheaper

The price of 22-carat gold also moved lower on Thursday. Its reported rate declined from ₹1,38,010 on Wednesday to ₹1,36,710. The difference amounts to ₹1,300. Since 22-carat gold is commonly used in jewellery, this rate is particularly relevant for people shopping for gold ornaments. Before buying, customers should check the purity mentioned on the bill, the applicable gold rate, making charges and any other applicable taxes. The final amount payable for jewellery may differ from the quoted metal price. The reduction in the reported rate does not necessarily mean that every jewellery item will become cheaper by the same amount. The final cost depends on the item's weight, purity, design and applicable charges.

Read Also: Jantar Mantar Protest Site Row Reaches Supreme Court

Silver Price Drops by ₹6,200

Silver also recorded a decline on Thursday. According to the supplied figures, its price fell from ₹2,13,500 on Wednesday to ₹2,07,300 on Thursday. That is a decrease of ₹6,200 compared with the previous day's reported price.

The fall may draw the attention of people considering silver jewellery, utensils, coins or other silver products. However, the price quoted by a seller may vary according to location, product type, purity and applicable charges. People looking for the silver price today should check the current local rate before placing an order or visiting a jewellery store.

What Should Buyers Check Before Purchasing Gold or Silver?

A fall in reported prices can be a useful reason to compare rates, but buyers should not rely on a single headline when making a purchase. A few simple checks can help avoid confusion over the final cost. First, confirm the current rate with a jeweller in your city. Online and published rates may not exactly match the price offered by an individual shop. Second, check the purity of the metal. The reported figures distinguish between 24K gold price and 22K gold price, so buyers should compare the rate that matches the product they intend to purchase. Third, ask for a clear bill showing the weight, purity, metal value, making charges and applicable taxes. These details help customers understand how the final amount has been calculated. Buyers should also remember that a one-day decline does not guarantee that prices will continue to fall. Anyone considering a purchase should compare current rates and make a decision based on their budget and requirements.