Gold Rates Today (30-10-2026) Crash By Rs 17,000; 24K, 22K, 18K Gold Prices In Chennai, Delhi, Other Cities

Gold rates in India crashed hard by up to Rs 17,000 on October 30, 2026, just as buyers prepare for the Dhanteras and Diwali festivals next week. The trend in gold is broadly bearish as MCX gold falls by 1% to trade below Rs 1,41,200 per 10 grams, while spot gold declined below the $4,000 per ounce mark due to expectations of a rate hike later in 2026. In the majority of cities, 24k and 22k carat gold rates are similar in Chennai, Hyderabad, Mumbai and Bangalore, while the 18-carat gold price has become cheaper in Chennai. Notably, in Delhi, all carats of gold are more expensive than others.

Gold Rates Today In India

24-carat gold price dropped by Rs 16,900 to Rs 14,22,600 per 100 grams and plunged by Rs 1,690 in 10 grams to Rs 1,42,260. Meanwhile, 22-carat gold price dropped by Rs 15,500 to Rs 13,04,000 per 100 grams and slipped by Rs 1,550 to Rs 1,30,400 per 10 grams. In case of 18-carat, gold price tumbled by Rs 12,700 to Rs 10,66,900 per 100 grams and dropped Rs 1,270 to Rs 1,06,690 per 10 grams.

Gold Weight	24K Gold Price	Change	22K Gold Price	Change	18K Gold Price	Change
1 gram	₹14,226	-₹169	₹13,040	-₹155	₹10,669	-₹127
8 grams	₹1,13,808	-₹1,352	₹1,04,320	-₹1,240	₹85,352	-₹1,016
10 grams	₹1,42,260	-₹1,690	₹1,30,400	-₹1,550	₹1,06,690	-₹1,270
100 grams	₹14,22,600	-₹16,900	₹13,04,000	-₹15,500	₹10,66,900	-₹12,700

"Gold and silver futures are facing renewed selling pressure in India, with silver recording a sharper decline. Stronger US inflation data has reinforced expectations that the Federal Reserve may keep interest rates elevated or consider another increase in December. This is weighing on precious metals as investors reassess the appeal of non-yielding assets," said Vikram Subburaj, CEO, Giottus.com.

Bullion in the market traded under pressure.

MCX Gold + Spot Gold Price

On the MCX, December gold futures were last quoted at Rs 1,42,353 per 10 grams on October 29, down 0.94% from the previous close of Rs 1,43,705. The contract traded between Rs 1,42,353 and Rs 1,43,920. December silver futures stood at Rs 1,88,943 per kg, down 2.77% from the previous close of Rs 1,94,325. Silver's reported range was Rs 1,88,943 to Rs 1,93,912. The expert said, these are previous-session figures, not confirmed October 30 opening prices.

In the international market, Subburaj said, spot gold was quoted at $4,006.06 an ounce in early Asian trading, while US gold futures stood at $4,018.50. Spot silver fell 3.5% to $52.08 an ounce during Thursday's session, according to Reuters. US PCE inflation rose 0.5% in September, compared with 0.3% in August, strengthening expectations of a possible December rate increase.

Gold Rates Today In Majority Cities

Gold Rates In Chennai + Gold Rates In Mumbai + Gold Rates In Hyderabad + Gold Rates In Bangalore + Gold Rates In Delhi:

18-carat gold price is cheaper in Chennai to Rs 10,667 per 1 gram and at Rs 1,06,670 per 10 grams. While this gold is priced at Rs 10,669 per 1 gram and at Rs 1,06,690 per 10 grams in cities like Mumbai, Hyderabad, Kolkata, Kerala, Bangalore and Pune.

Meanwhile, 22-carat gold price is similar in cities like Chennai, Hyderabad, Mumbai, Bangalore and Kolkata. Here, the 10 grams gold stood at Rs 1,30,400 and 1 gram at Rs 13,040. Further, 24-carat gold prices are same as well to Rs 14,226 per 1 gram and at Rs 1,42,260 per 10 grams.

In Delhi, gold prices are most expensive to Rs 14,241 per 1 gram and at Rs 1,42,410 per 10 grams in 24-carat. In the national capital, 22-carat gold price are at Rs 13,055 per 1 gram and at Rs 1,30,550 per 10 grams. In 18-carat, gold is available at Rs 10,684 per 1 gram and at Rs 1,06,840 per 10 grams.

Should Investors Buy Or Sell Gold?

According to the expert, Rs 1,42,353 is an important downside reference for gold. A recovery above Rs 1,43,920 could signal stabilisation. Silver needs to defend Rs 1,88,943 per kg, while a move above Rs 1,93,912 would ease immediate selling pressure.

"The near-term outlook remains cautious. Investors should avoid catching falling prices and monitor the dollar, US yields and fresh inflation signals before increasing exposure," Subburaj added.

24-carat, 22-carat and 18-carat gold prices are down by nearly 5% in October month so far.

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