Gold Rate Today, October 30: Prices of gold and silver on Thursday fell below Rs 1,20,000 in India after hawkish commentary from the US Federal Reserve. On the MCX, gold was trading lower by 1.47% at Rs 1,18,887
per 10 grams for the December 5, 2025, contracts in the morning trade. Silver declined by 0.63% to trade at Rs 1,44,678 per kg.
In the spot market, 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.
In the international market, US spot gold stood at $3,937.88 per ounce. US gold futures for December delivery slipped 1.2% to $3,950.70 per ounce.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On October 30?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,10,600 | Rs 1,20,640 |
| Jaipur | Rs 1,10,600 | Rs 1,20,640 |
| Ahmedabad | Rs 1,10,500 | Rs 1,20,540 |
| Pune | Rs 1,10,450 | Rs 1,20,490 |
| Mumbai | Rs 1,10,450 | Rs 1,20,490 |
| Hyderabad | Rs 1,10,450 | Rs 1,20,490 |
| Chennai | Rs 1,10,450 | Rs 1,20,490 |
| Bengaluru | Rs 1,10,450 | Rs 1,20,490 |
| Kolkata | Rs 1,10,450 | Rs 1,20,490 |
The Fed cut interest rate by a quarter-percentage point at the end of its policy meeting on Wednesday. However, Fed Chair Jerome Powell said officials are struggling to reach a consensus about what lies ahead for monetary policy and that financial markets should not assume another rate cut will happen at the end of the year.
“The hawkish cut from the Federal Reserve and the drop in the odds for another rate cut in December are also negative for gold. I think gold could keep pulling back given this dynamic. Although, in the long run the trend is to the upside for gold,” said Capital.com analyst Kyle Rodda, as per Reuters.
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)
