Gold, silver rates today, October 30: Dhanteras shopping gets cheaper? Gold falls ₹1,333, silver drops ₹5,208 ahead of Diwali

With just seven days left for Dhanteras 2026, gold and silver buyers have some relief as precious metal prices extend their decline ahead of Diwali. Traditionally, the festive season sees increased demand for gold coins, jewellery and silver items, as many Indian households consider these purchases auspicious.

Gold and silver prices today, October 30: Latest bullion rates

According to All India Bullion, as of 1:27 PM IST on October 30, 2026, 24K gold was priced at ₹1,43,668 per 10 grams, while 22K gold stood at ₹1,31,600 per 10 grams. Silver was trading at ₹1,89,217 per kg.

Both precious metals witnessed a decline compared with their previous closing levels.

• Gold 999: Down ₹666 per 10 grams, or 0.46%.

• Silver 999: Down ₹5,716 per kg, or 2.93%.

MCX gold and silver prices today

Gold and silver futures traded lower on the Multi Commodity Exchange (MCX) on October 30, reflecting weakness in the precious metals market.

According to the MCX data shared, gold was trading at ₹1,41,263 per 10 grams, down ₹1,333 or 0.93% from its previous close of ₹1,42,596.

Silver futures were quoted at ₹1,84,245 per kg, declining ₹5,208 or 2.75% from the previous close of ₹1,89,453.

Both contracts showed weakness during the trading session, adding to the recent correction in precious metal prices ahead of Dhanteras and Diwali.

Gold jewellery rates today: 24K, 22K and 18K gold prices

For consumers planning to purchase jewellery, coins or gold items this festive season, here are the latest indicative retail bullion rates as of October 30, according to All India Bullion.

Silver (999) was priced at ₹1,892 per 10 grams or ₹1,89,217 per kg.

Buyers should remember that the final jewellery bill may be higher because of making charges, wastage charges and applicable GST. Actual jewellery prices may also vary between jewellers and cities.

Gold and silver rates in your city today

Gold and silver prices vary slightly across cities because of local taxes, transportation costs and other market factors. Here are the latest indicative rates for major Indian cities on October 30, 2026.

Dhanteras and Diwali 2026: Will lower gold prices boost festive buying?

The decline in gold and silver prices comes at an important time for India's jewellery market. Dhanteras, which falls on Friday, November 6, is traditionally considered an auspicious occasion to purchase gold, silver, utensils and other valuables. Diwali will be celebrated on Sunday, November 8.

The latest price correction could encourage consumers who had postponed their purchases because of elevated gold prices. However, buyers may still be cautious about committing to large purchases, particularly with precious metal prices continuing to fluctuate.

Buyers should also distinguish between purchasing physical jewellery and investing in gold or silver for portfolio diversification, as making charges and resale deductions can affect returns.

What does MMTC-PAMP say about gold and silver demand ahead of Diwali?

Despite elevated gold prices and recent market corrections, industry experts expect consumer interest in precious metals to remain resilient during the festive and upcoming wedding seasons.

Commenting on the demand outlook, Samit Guha, Managing Director and CEO of MMTC-PAMP, said: "This festive season, consumer interest for gold and silver, especially bars and coins, will continue to remain resilient due to the deep cultural relevance these precious metals hold among Indian households. We anticipate that the demand will also be supported by purchases ahead of the upcoming wedding season since gold and silver represent prosperity and auspicious beginnings apart from bringing long-term value."

He added that elevated gold prices are likely to encourage buyers to opt for smaller-denomination bars and coins, making precious metal purchases more accessible.

Guha also expects investment preferences to diversify, particularly among younger consumers, with products and services such as digital gold gaining greater relevance because of their convenience.

For Dhanteras buyers, the latest decline may offer some relief, but the decision to purchase should depend on individual requirements, budget and the intended purpose of buying gold or silver.