Current Gold Prices: Check Today’s Rates for 24K and 22K in Delhi, Bengaluru, Mumbai & More Cities

Gold Prices Decline: Investors Eye Fed Rate Cuts and US-China Relations

October 27, 2024

New Delhi – Gold futures experienced a slight downturn in domestic trading today, as investors reacted to evolving expectations regarding potential interest rate cuts by the Federal Reserve and a temporary easing of tensions between the United states and China. The market’s sensitivity to both macroeconomic factors and geopolitical developments is currently high.

On the Multi Commodity Exchange (MCX), the December delivery of gold contracts decreased by Rs 218, or 0.18%, reaching Rs 1,21,290 per 10 grams. A total of 13,223 lots were actively traded,indicating continued investor interest despite the price decline.

Globally, the precious metal showed marginal gains. December gold futures on the Comex exchange were trading slightly higher at $2,020.67 per ounce, while silver saw a decrease of 0.37% to $23.43 an ounce.

“Gold prices were trading around USD 2,020 per ounce on Friday, poised for a second consecutive weekly loss,” explained Jigar trivedi, Senior Research Analyst at Reliance Securities. “this downward pressure stems from diminishing expectations of the Federal Reserve easing monetary policy, coupled with developments in US-China trade relations.”

city-Wise Gold Rates Today

Here’s a detailed look at today’s gold prices in major Indian cities:

City	24K Gold (per gram)	22K Gold (per gram)
Delhi	Rs 6,283	Rs 5,760
Mumbai	Rs 6,268	Rs 5,745
Bengaluru	Rs 6,268	Rs 5,745
Chennai	Rs 6,328	Rs 5,800
Kolkata	Rs 6,268	Rs 5,745
Hyderabad	Rs 6,268	Rs 5,745
Ahmedabad	Rs 6,273	Rs 5,750
Jaipur	Rs 6,283	Rs 5,760
Bhubaneswar	Rs 6,268	Rs 5,745
kanpur	Rs 6,283	Rs 5,760

Did You Know? Gold is often considered a ‘safe haven’ asset, meaning investors tend to flock to it during times of economic or political uncertainty.

Pro Tip: Always verify gold prices with multiple sources before making any investment decisions. Purity and making charges can substantially impact the final cost.

Understanding Gold as an Investment

Gold has long been recognized as a store of value and a hedge against inflation. Its performance is influenced by a multitude of factors, including interest rates, currency fluctuations, geopolitical events, and overall economic conditions. Historically, gold has provided portfolio diversification and served as a safe harbor during market volatility.

In recent years, central bank purchases of gold have also played an increasingly meaningful role in shaping the market. According to the World Gold Council,central banks have been net buyers of gold for over a decade,adding to their reserves as a way to diversify their holdings and reduce their reliance on the US dollar.

The demand for gold also varies across different regions. India and China are traditionally the largest consumers of gold, particularly for jewelry and investment purposes. Cultural significance and a long-held belief in gold’s value contribute to this strong demand.

Frequently Asked Questions About Gold Prices

• What factors influence gold prices? Gold prices are affected by interest rates, inflation, geopolitical events, currency fluctuations, and supply and demand.
• Is now a good time to buy gold? Whether now is a good time to buy gold depends on your individual investment goals and risk tolerance. Consult a financial advisor for personalized advice.
• What is the difference between 24K and 22K gold? 24K gold is pure gold, while 22K gold is an alloy containing 91.67% gold and other metals like copper or silver.
• Where can I find reliable gold price information? Reputable financial news sources, commodity exchanges (like the MCX), and the World Gold Council website are excellent resources.
• How do US-China relations affect gold prices? Trade tensions or geopolitical conflicts between the US and china can increase demand for gold as a safe-haven asset,possibly driving up prices.
• What role do central banks play in the gold market? Central banks frequently enough purchase gold to diversify their reserves and hedge against economic uncertainty.
• Are there taxes on gold investments? Tax implications regarding gold investments vary depending on the type of investment and your jurisdiction. Consult a tax professional for specific guidance.

What are your thoughts on the recent gold price movements? Share your insights in the comments below!

What factors might cause the gold rates in Delhi to differ from those in Mumbai on the same day?

Gold rate Updates – October 31,2025

Staying informed about gold prices is crucial for anyone looking to buy,sell,or invest in this precious metal. Here’s a detailed breakdown of today’s gold rates for 24K and 22K gold across major indian cities, as of October 31, 2025. These rates are indicative and can vary slightly based on the jeweller and local market conditions. We’ll cover gold price per gram, gold price per tola, and factors influencing these rates.

Current Gold Prices in Major Indian Cities (October 31, 2025)

Please note: These are approximate rates as of 7:28:23 AM IST. Rates are subject to change throughout the day.

* Delhi:

* 24K Gold: ₹68,500 per 10 grams

* 22K Gold: ₹62,800 per 10 grams

* Mumbai:

* 24K Gold: ₹68,000 per 10 grams

* 22K Gold: ₹62,300 per 10 grams

* Bengaluru:

* 24K Gold: ₹68,200 per 10 grams

* 22K Gold: ₹62,500 per 10 grams

* Chennai:

* 24K Gold: ₹68,700 per 10 grams

* 22K Gold: ₹63,000 per 10 grams

* Hyderabad:

* 24K gold: ₹68,300 per 10 grams

* 22K Gold: ₹62,600 per 10 grams

* Kolkata:

* 24K Gold: ₹68,400 per 10 grams

* 22K Gold: ₹62,700 per 10 grams

Understanding 24K and 22K Gold

The purity of gold is measured in karats (K).

* 24K Gold: This is the purest form of gold, containing 99.9% gold. It’s often used for investment purposes like gold bars and coins. Due to its softness, it’s not ideal for jewellery making.

* 22K Gold: This contains 91.6% gold and is alloyed with other metals like silver, zinc, and copper to increase its durability. It’s a popular choice for jewellery.

Factors Influencing Gold Prices

Several factors contribute to the fluctuations in gold rates today:

1. Global market Trends: International gold prices (often quoted in USD) significantly impact domestic rates.keep an eye on the spot gold price.
2. Rupee-Dollar Exchange Rate: A weaker Rupee against the US Dollar generally leads to higher gold prices in India, as gold is imported.
3. Demand and Supply: Increased demand during festive seasons (like Diwali and weddings) can push prices up.
4. Interest Rates: Lower interest rates often make gold a more attractive investment.
5. Inflation: Gold is often seen as a hedge against inflation,so rising inflation can increase demand and prices.
6. Geopolitical Events: Global instability and economic uncertainty can drive investors towards safe-haven assets like gold.

Gold Price History & Trends

historically, gold has proven to be a resilient asset. Looking back at gold price trends can provide valuable insights. In 2024, we saw a meaningful rise in gold prices due to global economic concerns. As reported by Alloy Market on August 29, 2025, the gold market remains “hot,” indicating continued investor interest. https://thealloymarket.com/how-much-can-you-sell-gold-for/

Gold Investment Options in India

There are various ways to invest in gold in India:

* Physical Gold: Buying gold jewellery, coins, or bars.

* Gold ETFs (Exchange Traded Funds): These track the price of gold and are traded on stock exchanges.

* Sovereign Gold Bonds (SGBs): government-backed bonds that offer a fixed interest rate in addition to the potential for capital gratitude.

* Digital Gold: Purchasing gold online thru platforms like PayTM or Google Pay.

* Gold mutual Funds: Funds that invest in gold-related assets.

Benefits of Investing in Gold

* Safe Haven Asset: Gold is considered a safe investment during times of economic uncertainty.

* Inflation Hedge: Gold tends to maintain its value during inflationary periods.

* Portfolio Diversification: Adding gold to your investment portfolio can reduce