Gold Price Today: 18-carat gold inches closer to ₹1,00,000; here’s where you can find the lowest price across 10 cities in the country..
Gold Rate Today in India: Following a day of stability, the shine of gold has dimmed today, amid a stronger rupee, a surge in crude oil prices, and weak cues from the international market. The price of 10 grams of gold—both 24-carat and 22-carat—has fallen by ₹10. Prior to the recent one-day period of stability, on October 20, the price of 10 grams of 24-carat gold had dropped by ₹1,960, while 22-carat gold had become cheaper by ₹1,800. Meanwhile, the price of 18-carat gold—often used for making jewellery—has moved even closer to the ₹1 lakh mark. As for silver, after remaining stable for six consecutive days, its price has decreased by ₹100 per kilogram today. Gold Prices by City
Let’s take a look at the prices of 10 grams of gold—in 18-carat, 22-carat, and 24-carat purities—across 10 major cities in the country...
City 24-Carat Gold Price (10g) 22-Carat Gold Price (10g) 18-Carat Gold Price (10g)
Delhi ₹1,46,220 ₹1,34,040 ₹1,09,700
Mumbai ₹1,46,070 ₹1,33,890 ₹1,09,550
Kolkata ₹1,46,070 ₹1,33,890 ₹1,09,550
Chennai ₹1,46,070 ₹1,33,890 ₹1,09,690
Bengaluru ₹1,46,070 ₹1,33,890 ₹1,09,550
Hyderabad ₹1,46,070 ₹1,33,890 ₹1,09,550
Lucknow ₹1,46,220 ₹1,34,040 ₹1,09,700
Patna ₹1,46,120 ₹1,33,940 ₹1,09,600
Jaipur ₹1,46,220 ₹1,34,040 ₹1,09,700
Ahmedabad ₹1,46,120 ₹1,33,940 ₹1,09,600
Silver Prices Dip After Six Days of Stability
As for silver, its price has declined today following six consecutive days of stability. Following a six-day period of stability, the price of one kilogram of silver dropped by ₹5,000 on October 15, and today, it has slipped by another ₹100. As of today, October 22, one kilogram of silver is trading at ₹229,900 in Delhi—a decrease of ₹100. In other major metropolitan cities, including Mumbai, Kolkata, and Chennai, it is also being sold at this same price.
What the experts say
Jatin Trivedi, an analyst at HDFC Securities, notes that the strengthening of the rupee is impacting gold prices in the domestic market. Meanwhile, crude oil prices remain at high levels, posing a continued risk of rising inflation. According to Trivedi, the overall trend currently remains weak. However, Kaynat Chainwala of Kotak Neo suggests that the decline is being contained by a weaker US dollar and a softening in bond yields. Chainwala adds that the bullion market will be closely monitoring several key upcoming data releases from the US economy, the US Federal Reserve meeting scheduled for next week, as well as developments in the bond market and fluctuations in crude oil prices.
