Gold prices in India declined on Tuesday (October 28) amid weak global cues. The price of 24-carat gold dropped by Rs 82 to Rs 12,246 per gram, while 22-carat gold fell by Rs 75 to Rs 11,225 per gram. Similarly, 18-carat gold traded at Rs 9,184 per gram, down Rs 62 from the previous day.
According to market data, gold rates across major cities were as follows:
- Mumbai: Rs 12,246 (24K), Rs 11,225 (22K)
- Delhi: Rs 12,261 (24K), Rs 11,235 (22K)
- Kolkata: Rs 12,246 (24K), Rs 11,225 (22K)
- Ahmedabad: Rs 12,251 (24K), Rs 11,225 (22K)
- Chennai: Rs 12,328 (24K), Rs 11,300 (22K)
- Hyderabad: Rs 12,246 (24K), Rs 11,225 (22K)
Analysts attribute the decline to a firm U.S. dollar and reduced demand in the domestic market ahead of the upcoming festive season.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Gold and commodity investments are subject to market risks. Always consult your financial advisor before investing.
