Gold, silver rates on October 31 in India: Gold lost its lustre in the Indian markets today, with the price of 10 grams (24K) falling to Rs 1,21,470 on Friday. On a day-on-day basis, this marks a decline of Rs 1,000. However, in the international bullion market, gold prices remain above $4,000 an ounce amid renewed optimism over easing trade tensions following talks between Donald Trump and Xi Jinping.
| Purity | Price (Rs /10g) |
|---|---|
| 24K | 1,21,470 |
| 22K | 1,11,340 |
| 18K | 91,100 |
This week, bullion has fallen over 2% and is heading for its second consecutive weekly loss. The latest decline comes as expectations for further Federal Reserve rate cuts have eased. U.S. Treasuries also extended their losses after Fed Chair Jerome Powell cautioned investors to temper hopes for a December rate reduction, as policymakers continue to assess the outlook for employment and inflation.
| City | 24K Today (Rs) | 22K Today (Rs) | 18K Today (Rs) |
|---|---|---|---|
| Chennai | 12,327 | 11,299 | 9,419 |
| Mumbai | 12,147 | 11,134 | 9,110 |
| Delhi | 12,162 | 11,149 | 9,125 |
| Kolkata | 12,147 | 11,134 | 9,110 |
| Bangalore | 12,147 | 11,134 | 9,110 |
| Hyderabad | 12,147 | 11,134 | 9,110 |
| Kerala | 12,147 | 11,134 | 9,110 |
| Pune | 12,147 | 11,134 | 9,110 |
| Vadodara | 12,152 | 11,139 | 9,115 |
| Ahmedabad | 12,152 | 11,139 | 9,115 |
| Jaipur | 12,162 | 11,149 | 9,125 |
| Lucknow | 12,162 | 11,149 | 9,125 |
| Coimbatore | 12,327 | 11,299 | 9,419 |
| Madurai | 12,327 | 11,299 | 9,419 |
| Vijayawada | 12,147 | 11,134 | 9,110 |
| Patna | 12,152 | 11,139 | 9,115 |
| Nagpur | 12,147 | 11,134 | 9,110 |
| Chandigarh | 12,162 | 11,149 | 9,125 |
| Surat | 12,152 | 11,139 | 9,115 |
| Bhubaneswar | 12,147 | 11,134 | 9,110 |
| Mangalore | 12,147 | 11,134 | 9,110 |
| Visakhapatnam | 12,147 | 11,134 | 9,110 |
| Nashik | 12,051 | 11,047 | 9,039 |
| Mysore | 12,147 | 11,134 | 9,110 |
| Salem | 12,327 | 11,299 | 9,419 |
| Rajkot | 12,152 | 11,139 | 9,115 |
| Trichy | 12,327 | 11,299 | 9,419 |
| Ayodhya | 12,162 | 11,149 | 9,125 |
| Cuttack | 12,147 | 11,134 | 9,110 |
| Davanagere | 12,147 | 11,134 | — |
Silver, which was once selling for Rs 2 lakh per kg earlier this month, crashed to Rs 1.5 lakh in India on Friday. In the international bullion, however, the white metal rose 0.4%, building on a three-day run of gains, while platinum and palladium jumped.
| City | 10 gram (Rs) | 100 gram (Rs) | 1 Kg (Rs) |
|---|---|---|---|
| Chennai | 1,649 | 16,490 | 1,64,900 |
| Mumbai | 1,509 | 15,090 | 1,50,900 |
| Delhi | 1,509 | 15,090 | 1,50,900 |
| Kolkata | 1,509 | 15,090 | 1,50,900 |
| Bangalore | 1,509 | 15,090 | 1,50,900 |
| Hyderabad | 1,649 | 16,490 | 1,64,900 |
| Kerala | 1,649 | 16,490 | 1,64,900 |
| Pune | 1,509 | 15,090 | 1,50,900 |
| Vadodara | 1,509 | 15,090 | 1,50,900 |
| Ahmedabad | 1,509 | 15,090 | 1,50,900 |
| Jaipur | 1,509 | 15,090 | 1,50,900 |
| Lucknow | 1,509 | 15,090 | 1,50,900 |
| Coimbatore | 1,649 | 16,490 | 1,64,900 |
| Madurai | 1,649 | 16,490 | 1,64,900 |
| Vijayawada | 1,649 | 16,490 | 1,64,900 |
| Patna | 1,509 | 15,090 | 1,50,900 |
| Nagpur | 1,509 | 15,090 | 1,50,900 |
| Chandigarh | 1,509 | 15,090 | 1,50,900 |
| Surat | 1,509 | 15,090 | 1,50,900 |
| Bhubaneswar | 1,649 | 16,490 | 1,64,900 |
| Mangalore | 1,509 | 15,090 | 1,50,900 |
| Visakhapatnam | 1,649 | 16,490 | 1,64,900 |
| Nashik | 1,509 | 15,090 | 1,50,900 |
| Mysore | 1,509 | 15,090 | 1,50,900 |
| Salem | 1,649 | 16,490 | 1,64,900 |
| Rajkot | 1,509 | 15,090 | 1,50,900 |
| Trichy | 1,649 | 16,490 | 1,64,900 |
| Ayodhya | 1,509 | 15,090 | 1,50,900 |
According to a report by Bloomberg, "uncertainty is creeping back into markets after the US-China trade truce update, which should see dip buyers adding support for gold for the remainder of the year," said Nick Twidale, chief market analyst at AT Global Markets in Sydney. He added that the metal's recent correction - nearly a 10% drop since peaking above $4,380 an ounce on October 20 - may have run its course.
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