Gold prices in India witnessed a steep fall today after the US Federal Reserve’s latest rate-cut decision. The yellow metal dropped by nearly ₹100 per gram, bringing relief for buyers ahead of Diwali and wedding season.
According to data from Goodreturns.in, 24K gold prices fell by around ₹1,910 per 10 grams, while 22K gold dropped by about ₹1,750 per 10 grams. The sharp correction followed global cues, as the US Fed signalled a cautious outlook despite cutting rates.
Current Gold Price in India (October 30, 2025)
| Gold Type | Price Per 10 Gram | Price Per 100 Gram | Change |
|---|---|---|---|
| 24K Gold | ₹ 1,20,490 | ₹ 12,04,900 | ↓ ₹ 1,910 |
| 22K Gold | ₹ 1,10,450 | ₹ 11,04,500 | ↓ ₹ 1,750 |
| 18K Gold | ₹ 90,370 | ₹ 9,03,700 | ↓ ₹ 1,430 |
City-Wise Gold Rates in India (24K Gold Today)
| City | 24K (10 g) | 22K (10 g) |
|---|---|---|
| Mumbai | ₹ 1,20,490 | ₹ 1,10,450 |
| Delhi | ₹ 1,20,640 | ₹ 1,10,580 |
| Chennai | ₹ 1,21,100 | ₹ 1,10,970 |
| Kolkata | ₹ 1,20,450 | ₹ 1,10,420 |
| Bengaluru | ₹ 1,20,470 | ₹ 1,10,450 |
Why Are Gold Prices Falling?
Sudden decline in gold prices is linked to global monetary policy and investor sentiment.
-
US Fed’s Cautious Rate Cut:
Although the Federal Reserve cut interest rates, it signalled that further rate reductions are not guaranteed. This dented gold’s safe-haven appeal. -
Rising US Bond Yields:
Higher yields make non-interest assets like gold less attractive to investors. -
Improved Global Sentiment:
Signs of easing US-China trade tensions boosted risk appetite, pulling money away from gold.
Should You Buy Gold Now?
Experts suggest this correction could be an opportunity for long-term investors and buyers preparing for weddings or festive purchases. However, volatility may continue depending on:
- Future US Fed policy statements
- Global inflation and bond yields
- Indian rupee movement against the dollar
If prices dip further in the short term, investors could consider systematic gold investment plans (SGBs or ETFs) instead of bulk purchases.
Gold Price Trend – 2025 Overview
| Month | Average 24K Price (10 g) | Change |
|---|---|---|
| August 2025 | ₹ 1,22,600 | + 1.4% |
| September 2025 | ₹ 1,21,300 | − 1.0% |
| October 2025 (Current) | ₹ 1,20,490 | − 0.7% |
Gold remains volatile but still up over 12% year-on-year, reflecting global uncertainty and domestic demand.
❓FAQ
Q1. Why did gold prices fall today in India?
Gold prices fell after the US Fed’s rate-cut announcement, as investor confidence in risk assets improved and demand for safe-haven gold weakened.
Q2. What is the current 24K gold rate in India?
As of October 30 2025, 24K gold is priced at approximately ₹ 1,20,490 per 10 grams.
Q3. Should I buy gold now or wait?
Prices may fluctuate further, but current levels are attractive for buyers ahead of the festive season.
Q4. Which city has the lowest gold price in India today?
Kolkata and Bengaluru have slightly lower 24K gold prices compared to other metros.