Gold and silver prices fall on October 23 across major Indian cities

businesstoday.in —

Indian gold and silver markets fell on October 23, with benchmark gold at ₹1,43,630 per 10 gm and silver at ₹2,00,380 per kg, while MCX futures dropped 0.75% and 2.25% respectively. Retail city rates varied, with 24K gold ranging from ₹1,41,930 in Delhi to ₹1,42,590 in Chennai, while 22K gold ranged from ₹1,30,103 to ₹1,30,708. Silver was uniformly priced at ₹19,444 per 100 gm across all major cities. Prices are pressured by higher interest rates, geopolitical tensions in West Asia, and global economic risks. Retail purchases attract 3% GST on metal value plus 5% GST on making charges, with import duties and transport surcharges causing regional variations.


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