New Delhi, October 31 (Udaipur Kiran): After witnessing a brief rise on Thursday, the domestic bullion market saw a decline in gold and silver prices on Friday. Gold became cheaper by Rs 870 to Rs 940 per 10 grams, while silver prices dropped by Rs 1,200 per kilogram. Experts attribute this fall to the strengthening of the US dollar as trade tensions between the United States and China eased.
Gold Prices Across Major Cities
Due to the downward trend, 24-carat gold is now trading between Rs 1,21,470 and Rs 1,21,620 per 10 grams in most Indian bullion markets, while 22-carat gold is priced between Rs 1,11,340 and Rs 1,11,490 per 10 grams.
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Delhi: 24-carat gold – Rs 1,21,620; 22-carat gold – Rs 1,11,490 per 10 grams
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Mumbai: 24-carat gold – Rs 1,21,470; 22-carat gold – Rs 1,11,340 per 10 grams
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Ahmedabad: 24-carat gold – Rs 1,21,520; 22-carat gold – Rs 1,11,390 per 10 grams
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Chennai: 24-carat gold – Rs 1,21,470; 22-carat gold – Rs 1,11,340 per 10 grams
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Kolkata: 24-carat gold – Rs 1,21,470; 22-carat gold – Rs 1,11,340 per 10 grams
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Lucknow: 24-carat gold – Rs 1,21,620; 22-carat gold – Rs 1,11,490 per 10 grams
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Patna: 24-carat gold – Rs 1,21,520; 22-carat gold – Rs 1,11,390 per 10 grams
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Jaipur: 24-carat gold – Rs 1,21,620; 22-carat gold – Rs 1,11,490 per 10 grams
Silver Prices Also Decline
In line with gold, silver prices also weakened. In Delhi’s bullion market, silver was trading at Rs 1,50,900 per kilogram, marking a fall of Rs 1,200 compared to the previous session.
Gold Price Drop in Southern and Eastern Markets
Similar trends were observed across Bengaluru, Hyderabad, and Bhubaneswar, where 24-carat gold traded at Rs 1,21,470 per 10 grams, and 22-carat gold was priced at Rs 1,11,340 per 10 grams.
Market analysts believe the short-term decline is due to global currency movements and profit-booking by traders after recent gains. However, domestic demand is expected to remain stable due to the ongoing festive and wedding season.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
