A decline in gold prices is being observed across the country. On the morning of October 30, the rates for both 24-carat and 22-carat gold fell in several cities. In the national capital, Delhi, the price of 24-carat gold has reached ₹144,090 per 10 grams. A day earlier, the Delhi bullion market saw neither a rise nor a fall in gold prices. It is anticipated that gold prices in the domestic market will continue to fluctuate in the near term.

In the international market, spot gold is trading at $4,008.76 per ounce. Global gold prices experienced a decline of over 1% the previous day. With an increase in inflation recorded in the United States, expectations have grown that the Federal Reserve may raise interest rates later this year. This has diminished the appeal of gold. In its meeting on October 28, the US central bank left its benchmark interest rates unchanged.

Gold rates in some major cities:

Delhi: The price of 24-carat gold in Delhi is ₹144,090 per 10 grams, while the price for 22-carat gold is ₹132,090 per 10 grams.

Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹131,360 per 10 grams, and the price of 24-carat gold is ₹143,940 per 10 grams.

Chennai: The price of 24-carat gold is ₹143,940 per 10 grams, and the price for 22-carat gold is ₹131,360 per 10 grams.

Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹143,940 per 10 grams, and the price of 22-carat gold is ₹131,360 per 10 grams. City    Today’s Price of 22-Carat Gold (₹)    Today’s Price of 24-Carat Gold (₹)
Delhi           132090                             144090
Mumbai    131940                              143940
Ahmedabad    131990                         143990
Chennai     131940                             143940
Kolkata      131940                                143940
Hyderabad    131940                          143940
Jaipur       132090                              144090
Bhopal      131990                                143990
Lucknow    132090                               144090
Chandigarh    132090                              144090

Price of Silver

Silver, another precious metal, has also seen a decline. On the morning of October 30, the price of silver stands at ₹214,900 per kilogram. A day earlier, the price of silver had risen by ₹500 in the Delhi bullion market. In January of this year, the price of silver in the country had reached a record high of ₹4 lakh per kilogram. In the international market, the price of spot silver is $52.08 per ounce.

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