Global Market Update
Gold prices climbed more than 1% on Wednesday (October 29) as investor focus shifted to US President Donald Trump’s Asia tour and his upcoming meeting with Chinese President Xi Jinping. The renewed geopolitical attention pushed investors toward safe-haven assets after a volatile week for metals.
At 8:28 am CET, spot gold rose 1.17% to $3,998.37 per ounce, while silver jumped 2.02% to $48.01 per ounce. Palladium gained 0.64% to $1,396.17, whereas platinum slipped marginally by 0.07% to $1,597.70.
Market analysts noted that the anticipation around the Trump–Xi meeting at the APEC Summit in South Korea has helped restore some short-term momentum to bullion, especially after recent weakness linked to easing trade tensions.
Domestic Gold Prices (India)
After a mild decline earlier this week, gold prices in India edged higher on Wednesday, October 29, mirroring the uptick in international prices. The recovery came amid softer global cues and stable rupee movement, which supported local bullion sentiment.
As per Goodreturns data, the latest gold rates are as follows:
| Gold Type | Today’s Price (₹/g) | Change (₹) | Yesterday’s Price (₹/g) |
|---|---|---|---|
| 24K Gold | ₹12,158 | +₹76 | ₹12,082 |
| 22K Gold | ₹11,145 | +₹70 | ₹11,075 |
| 18K Gold | ₹9,119 | +₹57 | ₹9,062 |
City-wise Gold Rates (per gram)
| City | 24K Today | 22K Today | 18K Today |
|---|---|---|---|
| Chennai | ₹12,229 | ₹11,210 | ₹9,350 |
| Mumbai | ₹12,158 | ₹11,145 | ₹9,119 |
| Delhi | ₹12,173 | ₹11,160 | ₹9,134 |
| Kolkata | ₹12,158 | ₹11,145 | ₹9,119 |
| Bangalore | ₹12,158 | ₹11,145 | ₹9,119 |
| Hyderabad | ₹12,158 | ₹11,145 | ₹9,119 |
| Kerala | ₹12,158 | ₹11,145 | ₹9,119 |
| Ahmedabad | ₹12,163 | ₹11,150 | ₹9,124 |
Outlook
While international gold prices remain sensitive to trade and geopolitical developments, the domestic bullion market may continue to reflect global movements and currency fluctuations. Traders are also eyeing upcoming economic cues from the US Federal Reserve and global risk trends that could further influence prices.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Prices may vary based on market fluctuations and local taxes.
