Gold Rate Today, October 31, 2026: Gold Prices Decline Further
Gold prices in India continued their downward movement on Saturday, October 31, 2026, following a sharp fall in the previous trading session. The decline was reflected in the prices of 24-karat, 22-karat and 18-karat gold across several major Indian cities, including Chennai, Mumbai, Delhi, Kolkata, Bengaluru and Lucknow.
According to the city-wise rates reported by Goodreturns, 24K gold was priced at Rs 13,888 per gram in Chennai, Mumbai, Kolkata and Bengaluru. The 22K rate stood at Rs 12,730 per gram, while 18K gold was priced at Rs 10,416 per gram in these cities.
Delhi recorded slightly higher prices, with 24K gold at Rs 13,903 per gram, 22K gold at Rs 12,745 and 18K gold at Rs 10,431.
The latest movement comes after a significant fall on Friday, October 30. The reported per-gram decline on October 31 compared with the previous day was Rs 338 for 24K gold, Rs 310 for 22K gold and Rs 253 for 18K gold.
Gold Rate Today in Major Indian Cities
The following are the reported indicative gold rates per gram on October 31, 2026.
| City24K Gold22K Gold18K Gold | |||
| Chennai | Rs 13,888 | Rs 12,730 | Rs 10,416 |
| Mumbai | Rs 13,888 | Rs 12,730 | Rs 10,416 |
| Delhi | Rs 13,903 | Rs 12,745 | Rs 10,431 |
| Kolkata | Rs 13,888 | Rs 12,730 | Rs 10,416 |
| Bengaluru | Rs 13,888 | Rs 12,730 | Rs 10,416 |
| Lucknow | Rs 13,903 | Rs 12,745 | Rs 10,431 |
| Hyderabad | Rs 13,888 | Rs 12,730 | Rs 10,416 |
| Ahmedabad | Rs 13,893 | Rs 12,735 | Rs 10,421 |
| Pune | Rs 13,888 | Rs 12,730 | Rs 10,416 |
| Patna | Rs 13,893 | Rs 12,735 | Rs 10,421 |
| Bhopal | Rs 13,893 | Rs 12,735 | Rs 10,421 |
| Chandigarh | Rs 13,903 | Rs 12,745 | Rs 10,431 |
These figures are indicative market rates and may differ between jewellery retailers. Buyers should confirm the applicable rate with their jeweller before making a purchase.
How Much Does 10 Grams of Gold Cost?
Based on the reported per-gram rates, the indicative cost of 10 grams of gold in Chennai, Mumbai, Kolkata and Bengaluru is as follows.
| Gold PurityPrice Per GramPrice for 10 Grams | ||
| 24K | Rs 13,888 | Rs 1,38,880 |
| 22K | Rs 12,730 | Rs 1,27,300 |
| 18K | Rs 10,416 | Rs 1,04,160 |
The prices shown above are calculated by multiplying the per-gram rate by 10. The final jewellery bill may be higher because of making charges, wastage charges and applicable GST.
Why Are Gold Prices Falling?
Gold prices are influenced by several international and domestic factors. Changes in the US dollar, interest rate expectations, inflation concerns, geopolitical developments and investor demand can affect the global bullion market.
Recent reports have pointed to continued selling pressure following the US Federal Reserve's decision to keep interest rates unchanged. Higher interest rates can make interest-bearing investments more attractive compared with gold, which does not generate regular interest income.
A stronger US dollar can also put pressure on gold prices because international bullion is generally traded in dollars. When the dollar strengthens, gold may become more expensive for buyers using other currencies, potentially affecting demand.
Investors also monitor economic data and central bank policy decisions when assessing the direction of gold prices. However, the daily movement cannot be attributed to one factor alone.
Difference Between 24K, 22K and 18K Gold
Gold is available in different purity levels, and the price varies according to the amount of pure gold present in the jewellery or product.
24K gold is considered nearly pure gold and is commonly used for investment products such as coins and bars. Because of its high purity, it is generally softer and less suitable for everyday jewellery.
22K gold contains approximately 91.6 per cent pure gold, with the remaining portion made up of other metals. It is widely used for traditional gold jewellery in India because the additional metals provide greater strength.
18K gold contains 75 per cent pure gold. It is commonly used in diamond jewellery and contemporary designs because it offers greater durability for certain jewellery applications.
Buyers should check the purity certification and hallmark details before purchasing gold.
What Should Gold Buyers Know Before Purchasing?
A decline in the daily gold rate may create an opportunity for people planning jewellery purchases. However, buyers should compare rates across authorised jewellery retailers and check the final bill carefully.
The displayed gold rate usually represents the metal price and may not include making charges, wastage charges or GST. These additional expenses can significantly affect the final amount payable.
Customers should also verify the purity of the gold and look for the appropriate BIS hallmark and HUID details on eligible jewellery. The invoice should clearly mention the weight, purity, rate and additional charges.
Gold prices can change during the day depending on market conditions and local pricing practices. Therefore, the published city-wise figures should be treated as indicative rates rather than guaranteed retail prices.
Gold Price Outlook
The direction of gold prices in the coming sessions will depend on international bullion trends, currency movements, interest rate expectations and domestic demand.
Investors will continue to monitor global economic developments and central bank decisions for further indications about the bullion market. Meanwhile, jewellery buyers may watch for additional price movements before making major purchases.
For October 31, 2026, the reported rates indicate a further decline across the three major gold purity categories. However, buyers should check the latest local jeweller rates before placing an order, as actual prices may vary by city and retailer.
