Gold Rate Rises Today, October 29: Check 24 & 22 Carat Prices In Delhi, Mumbai, Other Cities

Gold Rate Today, October 29: Prices of gold and silver rose on Wednesday, ahead of a widely expected interest rate cut from the US Federal Reserve, although easing US-China trade tensions kept bullion

strength in check. In Mumbai, the price of 24-carat gold stood at Rs 1,21,580 per 10 grams, while 22k gold was available at Rs 1,11,450 per 10 grams. These rates do not include GST and making charges.

Silver was available at Rs 1,50,900 per kg.

On the MCX, gold was trading higher by 0.36% at Rs 1,20,073 per 10 grams for the December 5, 2025, contracts in the morning trade. Silver was also up by 0.63% to trade at Rs 1,45,248 per kg.

In the international market, US spot gold was up 0.2% at $3,957.42 per ounce, after dropping to its lowest point since October 7 on Tuesday. US gold futures for December delivery eased 0.3% to $3,971.20 per ounce.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On October 29?

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	Rs 1,10,890	Rs 1,20,960
Jaipur	Rs 1,10,890	Rs 1,20,960
Ahmedabad	Rs 1,10,790	Rs 1,20,860
Pune	Rs 1,11,450	Rs 1,21,580
Mumbai	Rs 1,11,450	Rs 1,21,580
Hyderabad	Rs 1,11,450	Rs 1,21,580
Chennai	Rs 1,11,450	Rs 1,21,580
Bengaluru	Rs 1,11,450	Rs 1,21,580
Kolkata	Rs 1,11,450	Rs 1,21,580

he Fed is widely expected to cut interest rate by a quarter-percentage point at the end of its policy meeting on Wednesday, and investors are watching out for any forward-looking language from Fed Chair Jerome Powell.

The European Central Bank is expected to leave rates unchanged at its policy meeting on Thursday.

Non-yielding gold thrives in a low-interest-rate environment and during economic uncertainties.

Gold prices have climbed about 52% year-to-date, reaching an all-time peak of $4,381.21 on October 20, bolstered by geopolitical and economic uncertainties, rate-cut bets and sustained central bank buying.

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)