Gold, Silver Prices Today, October 22: Check New Rates In Delhi, Mumbai, Bengaluru And Other Cities

(MENAFN- AsiaNet News)

Gold prices hovered near a one-week low as rising oil prices fuelled inflation concerns amid Middle East tensions. Gold is available in different purities in the retail market, with 24-karat gold being the purest form and 22-karat gold commonly used to make jewellery due to its greater durability.

Gold, Silver Prices On October 22

City	22kt Gold	24kt Gold	Silver (1kg)
New Delhi	Rs 13,404	Rs 14,622	Rs 2,29,900
Mumbai	Rs 13,389	Rs 14,607	Rs 2,29,900
Chennai	Rs 13,389	Rs 14,607	Rs 2,29,900
Kolkata	Rs 13,389	Rs 14,607	Rs 2,29,900
Bengaluru	Rs 13,389	Rs 14,607	Rs 2,29,900
Hyderabad	Rs 13,389	Rs 14,607	Rs 2,29,900

Key Buyer Checklist Before Purchasing Precious Metals

To ensure transparency and protect your purchase, financial experts recommend following these essential steps before buying gold or silver:

Verify Purity Standards: Always opt for BIS-hallmarked gold to guarantee correct karat purity (e.g., 24K, 22K, or 18K).

Confirm Live Rates: Check the prevailing spot rate with trusted local jewelers on the day of purchase, as prices adjust throughout trading hours.

Inspect the Itemized Bill: Demand a detailed invoice clearly breaking down: The base cost of the metal by weight, Applicable making/designing charges, and Goods and Services Tax (GST).

Understand Silver Dynamics: Unlike gold, silver prices are influenced by both investment demand and industrial usage (such as electronics and green technologies), leading to distinct price movement patterns.

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