New Delhi:
The gold rate today in India continued to decline as global precious-metal markets saw further corrections after a volatile week. Investors booked profits following easing US–China trade tensions and ahead of the US Federal Reserve’s rate-cut decision later this week.
According to market data from GoodReturns and IBJA (India Bullion and Jewellers Association), 24-karat gold is now priced at ₹12,508 per gram or ₹1,25,890 per 10 grams, while 22-karat gold stands at ₹11,465 per gram or ₹1,15,400 per 10 grams. The 18-karat variant is priced at around ₹9,381 per gram (₹94,420 per 10 grams)
Today’s Gold Rates Across Major Indian Cities
| City | 24 Karat (₹/10 g) | 22 Karat (₹/10 g) |
|---|---|---|
| Delhi | 1,25,890 | 1,15,400 |
| Mumbai | 1,25,740 | 1,15,250 |
| Chennai | 1,26,200 | 1,15,600 |
| Kolkata | 1,25,860 | 1,15,380 |
| Bengaluru | 94,874 | 90,354 |
| Hyderabad | 93,664 | 89,204 |
| Pune | 94,504 | 90,004 |
| Kochi | 93,664 | 89,204 |
(Source: IBJA & GoodReturns local jeweller averages)
The gold prices today show consistent declines across most Indian cities as international pressure continues to weigh on domestic markets.
Why Are Gold Prices Falling Today?
The recent fall in the gold price today is mainly driven by a stronger US dollar and expectations of further policy tightening by the Federal Reserve. As the dollar index rises, gold becomes more expensive for investors holding other currencies, reducing global demand.
Additionally, easing geopolitical tensions between the US and China have shifted short-term investor focus away from safe-haven assets like gold.
Experts say the current correction follows a strong rally earlier this month, when gold touched record highs above $2,400 per ounce in the international market.
“After months of gains, profit-booking was inevitable,” said Rajiv Sharma, senior commodity analyst at BullionIndia. “If global cues remain soft, Indian rates could see more adjustment before stabilizing.”
Silver Prices Also Cool Off
Silver prices mirrored gold’s weakness. On Thursday, silver dropped by ₹10,549 per kg, settling near ₹1,52,501 per kg. This marks one of the sharpest daily declines in recent weeks, though analysts expect a rebound once festive-season demand revives.
Despite this correction, gold and silver ETF holdings remain near multi-year highs, indicating strong long-term investor confidence in precious metals as a hedge against inflation.
Impact on Indian Investors
Gold remains a traditional safe-haven investment for Indian households. However, after Diwali and Bhai Dooj, when festive buying usually peaks, demand has cooled off, creating short-term softness in retail markets.
Analysts advise gradual accumulation rather than large-scale buying at current levels. “Investors should monitor the MCX gold price, USD movement, and RBI policy statements,” said a Mumbai-based trader. “These factors will determine whether prices stabilize or continue to slide.”
IBJA Gold & Silver Rates (Per 10 Grams / Per Kg)
| Metal | Purity | Price (₹) | Unit |
|---|---|---|---|
| Gold | 24 K (999) | 1,23,907 | 10 grams |
| Gold | 23 K | 1,23,411 | 10 grams |
| Gold | 22 K (916) | 1,13,499 | 10 grams |
| Gold | 18 K (750) | 92,930 | 10 grams |
| Gold | 14 K (585) | 70,486 | 10 grams |
| Silver | 999 | 1,52,501 | 1 kg |
(Source: IBJA official website, updated mid-day)
24K vs 22K Gold
- 24K gold (999 purity) is the purest form, used for coins and investment bars.
- 22K gold (916 purity) contains alloy metals to strengthen it, making it ideal for jewellery.
- 18K and 14K variants are popular in lightweight ornaments and designer jewellery due to durability.
Market Outlook
Analysts believe the gold rate in India may remain range-bound in the short term, with possible recovery if global markets stabilize or if inflation fears rise again.
The current gold rate is expected to consolidate before the next major economic announcements from the Federal Reserve and European Central Bank.
In the stock and commodities market today, traders are closely watching the MCX gold price and silver futures, which may see more volatility as international cues unfold.
