Gold Rate In India Falls Sharply for 3rd Straight Day; 24K, 22K, 18K Prices Crash Across All Cities On 14 Oct

Gold prices in India today fell sharply, continuing their decline from the last 3 days, with yellow metal rates having fallen about 1%. The gold rate in India has been shedding value since the beginning of this week and has shown signs of weakness, following the global spot gold price trend.

Gold rates in India are mirroring international market movements on Wednesday; spot gold prices retreated to a three-month low as the market is now focusing on the Fed FOMC meeting outcomes. Additionally, the rising U.S. dollar is exerting further downward pressure on gold prices.

The 24K, 22K & 18K gold prices in India have now slipped from record highs. This sharp correction in gold rates today is definitely a relief for buyers planning purchases during the upcoming festival; however, the rise in demand may push gold prices upward in the coming days.

Gold Rate in India Today

As of Wednesday, October 14th, the 22-carat gold rate in India slipped massively by Rs. 950 per 10 grams to cost Rs. 1,35,900 per 10 grams. The 24-carat gold price today dropped hugely by Rs. 1030 and is currently at Rs. 1,48,200 per 10 grams. Similarly, the 18-carat gold rate today retails at Rs. 1,11,190, which dropped by Rs.780 per 10 grams.

Similarly, 100 grams of 22-carat gold stood at Rs.13,59,000 after decreasing Rs.9500 While the 24-carat gold price in India per 100 grams is now retailing at Rs. 14,82,600, which dropped by Rs. 10,300.

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures maturing on December 5th, 2026 , also experienced a decline today at Rs. 1,48,340 per 10 grams after slipping 0.07%. Similarly, silver futures, with an expiry date of December 5th, dropped today by 0.14% to trade at Rs 2,18,900 per kg at the time of writing.

Silver Price Movement in India

Silver prices in India today showed no major movement, so 1 kg of silver in India now costs Rs. 2,35,000, which dropped by Rs. 1000. While 100 g of silver rates in India cost Rs. 23,500.

Spot Gold Prices + Spot Silver Price Today

According to the latest report by Reuters, "Spot gold held its ground at $4,165.25 per ounce, as of 0447 GMT. U.S. gold futures for December delivery edged ​0.3% higher to $4,188.70."

"Spot Gold is expected to face resistance near $4200 and dip towards $4120 level on firm dollar and elevated U.S treasury yields. Further, a surge in crude oil prices has raised inflation concerns and may prompt the Fed to tighten monetary policy. Markets largely see Fed keeping interest rates on hold later this month, but assign 87.7% probability of a hike by December." as per the ICICI Commodity Market Outlook report.