Gold Rate Today, October 31: Prices of gold and silver on Friday fell, as the dollar firmed on uncertainty over further US Fed rate cuts, although bullion was still on track for its third straight monthly
gain. In Mumbai, the price of 24-carat gold stood at Rs 1,22,410 per 10 grams, while 22k gold was available at Rs 1,12,210 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 1,52,100 per kg.
On the MCX, gold was trading lower by 0.34% at Rs 1,21,093 per 10 grams for the December 5, 2025, contracts in the morning trade. Silver declined by 0.45% to trade at Rs 1,48,169 per kg.
In the international market, US spot gold was down 0.5% at $4,004 per ounce, as of 0240 GMT. Bullion has gained 3.9% so far this month. US gold futures for December delivery were steady at $4,016.70 per ounce.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On October 31?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,12,600 | Rs 1,22,830 |
| Jaipur | Rs 1,12,600 | Rs 1,22,830 |
| Ahmedabad | Rs 1,12,500 | Rs 1,22,730 |
| Pune | Rs 1,12,450 | Rs 1,22,680 |
| Mumbai | Rs 1,12,450 | Rs 1,22,680 |
| Hyderabad | Rs 1,12,450 | Rs 1,22,680 |
| Chennai | Rs 1,12,450 | Rs 1,22,680 |
| Bengaluru | Rs 1,12,450 | Rs 1,22,680 |
| Kolkata | Rs 1,12,450 | Rs 1,22,680 |
The dollar index held near its highest level in three months against its rivals, making bullion more expensive for other currency holders. [USD/]
On Wednesday, the US central bank cut interest rates by a quarter of a percentage point for the second time this year, taking the benchmark overnight rate to a target range of 3.75%–4.00%. However, traders scaled back bets that the Fed will cut rates again at its next policy meeting in December after remarks from Fed Chair Jerome Powell.
Markets are now pricing in a 74.8% probability of a 25-basis-point cut from the Fed in December compared with a 91.1% chance a week ago, according to the CME Group’s FedWatch tool.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
(With inputs from agencies)
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