Gold Rate in India Crashes For 4th Day Straight, Oct 15; 24K, 22k, 18k Gold Now Cheaper; Check Today's Prices

Gold prices in India fell today for the fourth consecutive week and it is a great time for buyers to make their gold purchases in the ongoing festive season. Gold prices in India have continued to decline over the past four days. The 24-karat gold rate fell from Rs 14,968 per gram on October 12 to Rs 14,744 on October 15, a total drop of Rs 224. Similarly, the 22-karat gold price decreased from Rs 13,720 to Rs 13,515 per gram during the same period, marking a decline of Rs 205.

With gold rates in India slipping today, it is likely to be a major relief for buyers planning to invest in the precious metal for traditional or festive reasons. The drop in gold prices could lead to increased gold demand, especially from retail customers and jewellers during the festive week.

24 Karat Gold Price in India Today

The 24 karat gold price in India today stands at Rs 14,744 per gram, down by Rs 82. The 24K gold rate for 8 grams is Rs 1,17,952, while the 10 gram gold price is Rs 1,47,440, registering a decline of Rs 820. Meanwhile, the 100 gram gold rate in India stands at Rs 14,74,400, down by Rs 8,200.

22 Karat Gold Price in India Today

The 22 karat gold price in India today is Rs 13,515 per gram, down by Rs 75. The 22K gold rate for 8 grams stands at Rs 1,08,120, while the 10 gram gold price is Rs 1,35,150, marking a decline of Rs 750. For 100 grams, the 22 carat gold rate stands at Rs 13,51,500, down by Rs 7,500.

18 Karat Gold Price in India Today

The 18 karat gold price in India today stands at Rs 11,058 per gram, registering a decline of Rs 61. The 18K gold rate for 8 grams is Rs 88,464, while the 10 gram gold price stands at Rs 1,10,580, down by Rs 610. For 100 grams, the 18 carat gold rate in India is Rs 11,05,800, reflecting a decrease of Rs 6,100.

Silver prices in India today

Silver rates in India today dipped slightly. 1 kg of silver in India slipped Rs.5000 to cost Rs. 2,30,000. While 100g of silver rates in India retails at Rs. 23,000 which fell by Rs 500.

City-Wise Gold Rates: Latest 22-Carat & 24-Carat Prices Across India

The latest gold prices for 22-carat and 24-carat gold in major Indian cities are similar to national gold prices today:

Gold Price in Chennai

The current 24-carat gold price in Chennai is Rs 1,47,440 per 10 grams, while the 22-carat gold price in Chennai stands at Rs 1,35,150 per 10 grams.

Gold Price in Bangalore

As of today, the 22-carat gold rate in Bangalore stands at Rs 1,35,150 per 10 grams, whereas the 24-carat gold rate in Bangalore is Rs 1,47,440 per 10 grams.

Gold in Price in Hyderabad

The 22K gold price in Hyderabad is Rs 1,35,150 per 10 grams, while the 24K gold price in Hyderabad is Rs 1,47,440 per 10 grams.

Gold Price in Mumbai

The 22-carat gold in Mumbai is Rs 1,35,150 per 10 grams, whereas the 24-carat gold price in Mumbai stands at Rs 1,47,440 per 10 grams.

Spot Gold Price and Spot Silver Rate

According to Reuters, "Spot gold rose 1% to $4,146.74 per ounce by 0501 GMT, ​after hitting its lowest since October 7 on Wednesday. US gold futures ⁠for December delivery gained 1.5% to $4,167.30."

Market Outlook for Gold Prices in India

"Gold and Silver prices stay supported as oil prices eased, but the market's attention is fixed on upcoming US CPI data. CME's FedWatch tool shows just a 19% chance of a Fed rate hike this month, against 85% odds for December. Middle East tensions have lifted oil and inflation worries, strengthening the case for tight policy that typically favours yield-bearing assets over gold. A hotter-than-expected core reading could trigger another dip in gold. Technically, dips toward $4,060-4,100 (₹1,48,000-1,49,000) look like buying opportunities, with a close above $4,300 opening $4,400. Silver buyers can target ₹2,29,000 from ₹2,21,000-2,22,000, with a stop below ₹2,15,800" as per Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd. and Chairman at Jain International Trade Organisation

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