Gold Rate In India Makes Strong Comeback! 24K Up Rs 15,800; Will Gold Rally Post Fed Meet? 30 Oct Outlook

Gold Rate in India: The price of 24k, 22K and 18K gold rate witnesseda sharp rebound on Wednesday, October 30. The revival of gold price rally came against the backdrop of US Fed meeting concluded same day.

As investors are anticipating for another gold price rally, all eyes will be on the prices of gold and silver movement on Thursday, October 30.

Gold Rate in India

The price of 24 karat gold in India surged by Rs 158 per gram to Rs 12,240 per gram. Likewise, the price of 22 karat gold in India surged by Rs 145 per gram to Rs 11,220 per gram. The rate of 18 karat gold also increased by Rs 118 per gram to Rs 9,180 per gram. Gold rate has surged by nearly 50% since the beginning of the year. The month of August and September have mark a spectacular rally. However, prices have corrected over the past two weeks.

Silver Price in India

The price of silver in India surged to Rs 152 per gram and to Rs 1,52,000 per kilogram. Silver prices in India have also witnessed a sharp rally since the beginning of the year 2025 due to supply side bottlenecks and strong industrial demand.

Gold, Silver MCX Rates

On Multi Commodity Exchange, gold futures, with December expiry, closed higher at Rs 1,21,460 per 10 gram on Wednesday. Whereas, the silver futures with December expiry, closed higher at Rs 144342.00 per kilogram today.

Gold, Silver Price Outlook

Gold and silver prices will remain volatile post US Federal Meeting announcement on Wednesday. The prices may rise, reflecting the surge in international gold rates and increase on MCX.

In the long-term, gold will continue its upward trend as it remains as a safe-haven asset for investors. "Despite the recent pullback, gold's long-term fundamentals remain strong. The ability of gold to retain wealth during market turbulence and act as a hedge against inflation continues to make it attractive for those seeking stability in their investments," noted Ross Maxwell, Global Strategy Lead at VT Markets.

"In essence, while short-run volatility might persist into the Fed's decision, long-term investors could view this dip as an opportunity to accumulate gold, thereby maintaining its role as a cornerstone for portfolio diversification and wealth preservation," Maxwell added.

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