Gold price in India remained unchanged on October 26 at Rs 125,620 per 10 grams for 24K gold, according to Goodreturns. The rates for 22K and 18K were also constant at Rs 115,150 per 10 grams and Rs 94,220 per 10 grams, respectively.
The price of silver stood at Rs 155,000 per kg, unchanged compared to previous day’s prices.
In the last few days, especially since Diwali, the rates of gold and silver have lost momentum after a blistering rally that saw the precious metals reach new peaks.
In Mumbai, the prices stood at Rs 125,620 per 10 grams for 24K gold, Rs 115,150 per 10 grams for 22K gold and Rs 94,220 per 10 grams for 18K, according to Goodreturns. The price for silver was at Rs 155,000 per kg.
In Delhi, the rates were at Rs 125,770 per 10 grams for 24K gold, Rs 115,300 per 10 grams for 22K and Rs 94,370 per 10 grams for 18K gold. Delhi’s silver rates were same as in Mumbai.
For Chennai, the precious metal was trading at Rs 125,450 per 10 grams for 24K gold, Rs 115,000 per 10 grams for 22K gold and Rs 96,250 per 10 grams for 18K gold. The silver in Chennai was trading at 170,000 per kilo.
Here are the gold and silver rates for all the major cities today
(City, gold rates for 24K, 22K, 18K per 10 grams today; data by Goodreturns)
- Mumbai - Rs 125,620, Rs 115,150, Rs 94,220
- Delhi - Rs 125,770, Rs 115,300, Rs 94,370
- Chennai - Rs 125,450, Rs 115,000, Rs 96,250
- Kolkata - Rs 125,620, Rs 115,150, Rs 94,220
- Bengaluru - Rs 125,620, Rs 115,150, Rs 94,220
- Hyderabad - Rs 125,620, Rs 115,150, Rs 94,220
- Kerala - Rs 125,620, Rs 115,150, Rs 94,220
- Pune - Rs 125,620, Rs 115,150, Rs 94,220
- Vadodara - Rs 125,670, Rs 115,150, Rs 94,270
- Ahmedabad - Rs 125,670, Rs 115,150, Rs 94,270
- Jaipur - Rs 125,770, Rs 115,300, Rs 94,370
- Lucknow - Rs 125,770, Rs 115,300, Rs 94,370
- Mumbai - Rs 155,000
- Delhi - Rs 155,000
- Chennai - Rs 170,000
- Kolkata - Rs 155,000
- Bengaluru - Rs 157,000
- Hyderabad - Rs 170,000
- Kerala - Rs 170,000
- Pune - Rs 155,000
- Vadodara- Rs 155,000
- Ahmedabad- Rs 155,000
- Jaipur - Rs 155,000
- Lucknow - Rs 155,000
Meanwhile, gold snapped a nine-week winning run on Friday, following a sharp correction as the market reassessed a rally that had pushed the metal into overbought territory.
Bullion pared losses after a softer-than-expected US inflation report reinforced bets on further monetary easing by the US Federal Reserve. Bond yields inched lower as traders priced in a high likelihood of two interest rate reductions before the year is over. Lower rates typically benefit bullion as it pays no interest.
Spot gold notched a record high of $4,381.21 on Monday, but has fallen over 6% since, as investors booked profits and signs of easing U.S.-China trade tensions dented safe-haven demand.
Spot silver was down 0.6% at $48.65/oz, on track for a weekly loss of over 6%.
Bullion has gained 55% this year, on geopolitical and trade tensions, robust central bank buying and expectations of U.S. interest rate cuts among other factors.
With agency inputs
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