Gold and silver prices in your city on October 3: Gold remained stable on Friday and was on track for its seventh consecutive weekly advance, supported by expectations of additional U.S. interest rate cuts this year and concerns about a potential U.S. government shutdown.
MCX gold rate fell over 0.52 per cent to ₹1,16,960 in Friday’s trading session.
Spot gold held steady at $3,851.99 per ounce as of 0247 GMT, after reaching a record high of $3,896.49 on Thursday. The metal is up 2.4% so far this week.
Gold, Silver are ‘safe haven’ investments
Overall, experts feel that gold and silver are safe haven bets that investors can make to safeguard their portfolios in these volatile markets and with increased risk aversion.
Over the past 20 years, gold prices have skyrocketed by an impressive 1,200 per cent from ₹7,638 in 2005 to over ₹1,00,000 in 2025 (till June), and delivered positive returns in 16 of these years. Year-to-date (YTD), gold prices have risen 31 per cent, with consistent record highs solidifying its position among 2025’s top-performing asset classes and a reliable hedge.
Further, silver has also proved resilient. Prices have held firmly above the ₹1 lakh/kg mark for the past few months. Over the past 20 years (2005-2025), the shiny metal has gained a solid 668.84 per cent.
Check how much gold, silver prices have changed — October 3
The MCX gold index was at ₹1,14,555/10 gm at 10 am on October 3, the official website showed. Meanwhile, MCX silver prices were at ₹1,43,670/kg, it showed.
Further, 24-carat gold was priced at ₹1,15,530/10 gm, according to data on the Indian Bullion Association (IBA) at 10 am on October 3. Further, 22-carat gold was priced at ₹1,05,903/10 gms. Silver prices today are at ₹1,43,740/kg (Silver 999 Fine), as per the IBA website.
So, check here gold and silver prices in your city today on October 3 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you.
Gold and Silver Prices in Mumbai — October 3
• Gold bullion rates in Mumbai— ₹1,15,330/10 gm.
• MCX Gold rate in Mumbai — ₹1,14,555/10 gm.
• Silver bullion rate in Mumbai— ₹1,43,470/kg.
• MCX Silver 999 rate in Mumbai — ₹1,43,670/kg.
Gold and Silver Prices in Delhi — October 3
• Gold bullion rates in New Delhi— ₹1,15,130/10 gm.
• MCX Gold rate in New Delhi — ₹1,14,555/10 gm.
• Silver bullion rate in New Delhi— ₹1,43,230/kg.
• MCX Silver 999 rate in New Delhi — ₹1,43,670/kg.
Gold and Silver Prices in Kolkata — October 3
• Gold bullion rates in Kolkata— ₹1,15,140/10 gm.
• MCX Gold rate in Kolkata — ₹1,14,555/10 gm.
• Silver bullion rate in Kolkata— ₹1,42,750/kg.
• MCX Silver 999 rate in Kolkata — ₹1,43,670/kg.
Gold and Silver Prices in Bengaluru — October 3
• Gold bullion rates in Bengaluru— ₹1,15,380/10 gm.
• MCX Gold rate in Bengaluru — ₹1,14,555/10 gm.
• Silver bullion rate in Bengaluru— ₹1,43,050/kg.
• MCX Silver 999 rate in Bengaluru — ₹1,43,670/kg.
Gold and Silver Prices in Hyderabad — October 3
• Gold bullion rates in Hyderabad— ₹1,15,480/10 gm.
• MCX Gold rate in Hyderabad — ₹1,14,555/10 gm.
• Silver bullion rate in Hyderabad— ₹1,43,170/kg.
• MCX Silver 999 rate in Hyderabad — ₹1,43,670/kg.
Gold and Silver Prices in Chennai — October 3
• Gold bullion rates in Chennai— ₹1,15,630/10 gm.
• MCX Gold rate in Chennai — ₹1,14,555/10 gm.
• Silver bullion rate in Chennai— ₹1,43,360/kg.
• MCX Silver 999 rate in Chennai — ₹1,43,670/kg.
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. We advise investors to check with certified experts before making any investment decisions.
