After weeks of fluctuations, gold prices in India have once again edged lower, bringing the rate of 24-carat gold to Rs 12,327 per gram. The bullion market
remains highly volatile, reflecting constant shifts in both domestic and international trends. For many Indians, gold remains deeply culturally and financially significant. Seen as both an auspicious metal and a stable long-term investment, it often forms a part of traditional wealth and savings. However, experts note that its price trajectory depends on a mix of geopolitical events, domestic economic factors, and global market uncertainties. These influences make gold prices particularly sensitive to sudden changes in global sentiment. Today’s Gold Prices As of October 28, the latest gold rates are Rs 12,327 per gram for 24-carat gold, Rs 11,299 per gram for 22-carat gold, and Rs 9,245 per gram for 18-carat gold. These rates may vary slightly across different states and cities due to factors such as local taxes, transportation costs, and regional fluctuations in demand. Gold Rates Across Major Cities According to data from Good Returns, gold prices show slight variations across major Indian cities. In Delhi, the rate of 24-carat gold stands at Rs 12,342 per gram, while 22-carat gold is priced at Rs 11,314 per gram and 18-carat gold at Rs 9,260 per gram. In Mumbai and Kolkata, prices remain identical, with 24-carat gold at Rs 12,327 per gram, 22-carat at Rs 11,299, and 18-carat at Rs 9,245. Chennai records the highest rates among the metros, where 24-carat gold is priced at Rs 12,490, 22-carat at Rs 11,449, and 18-carat at Rs 9,574 per gram. Meanwhile, Bangalore mirrors Mumbai’s pricing, offering 24-carat gold at Rs 12,327, 22-carat at Rs 11,299, and 18-carat at Rs 9,245 per gram. These differences arise from factors like local taxes, transportation costs, and regional demand variations. Silver Prices Hold Steady Amid Market Shifts While gold prices have dipped, silver remains relatively stable. The current silver rate stands at Rs 154.90 per gram, or Rs 154,900 per kilogram. Much like gold, silver’s price is influenced by global market trends and the performance of the Indian rupee against the US dollar.
