Gold Price Today: Gold drops by ₹5840 in 10 days, silver falls by ₹25000; check the latest rates..

Gold Rate Today in India: There has been no change in the prices of gold and silver today. Regarding gold, over the last 10 days—a period marked by fluctuations—the price of 10 grams of 24-carat gold has decreased by ₹5,840, while 22-carat gold has become cheaper by ₹5,050. During these 10 days, there were two instances—October 24th and today, November 1st—where the price remained unchanged. On other days, the price saw an increase (specifically on October 24th and between October 26th and 28th), while on the remaining days, it declined. As for silver, amid sluggish industrial demand and aggressive profit-booking, the price of one kilogram of silver has fallen by ₹25,000 over the past 10 days.

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             ₹1,39,030                     ₹1,27,450                      ₹1,04,310
Mumbai        ₹1,38,880                     ₹1,27,300                      ₹1,04,160
Kolkata         ₹1,38,880                    ₹1,27,300                        ₹1,04,160
Chennai        ₹1,38,880                   ₹1,27,300                         ₹1,04,160
Bengaluru     ₹1,38,880                    ₹1,27,300                      ₹1,04,160
Hyderabad     ₹1,38,880                    ₹1,27,300                     ₹1,04,160
Lucknow       ₹1,39,030                   ₹1,27,450                       ₹1,04,310
Patna           ₹1,38,930                    ₹1,27,350                       ₹1,04,210
Jaipur           ₹1,39,030                   ₹1,27,450                         ₹1,04,310
Ahmedabad     ₹1,38,930               ₹1,27,350                        ₹1,04,210

Silver Price Drops by ₹25,000 in 10 Days

The price of one kilogram of silver has fallen by ₹25,000 over the last 10 days. After dropping by ₹5,000 on October 23, the price remained stable for five consecutive days; however, it subsequently fell by ₹20,000 per kilogram over the next three days—from October 29 to October 31. Currently, one kilogram of silver is trading at ₹2,00,000 in Delhi. It is being sold at the same price in other major metropolitan cities, including Mumbai, Chennai, and Kolkata.

Factors exerting pressure on gold and silver prices:

Geopolitical instability, coupled with a surge in crude oil prices, is dampening the appeal of gold and silver. Furthermore, the hawkish monetary policies of central banks are contributing to this softening. To curb inflation, central banks worldwide may raise interest rates. The US Federal Reserve, which hiked interest rates by 25 basis points in September, kept rates unchanged in its October policy review—though it has signaled potential future hikes. In India, too, the Reserve Bank of India (RBI) raised interest rates by 25 basis points in early October. Generally, an environment of rising interest rates tends to diminish the luster of gold.

Disclaimer: This content has been sourced and edited from Money Control. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.