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Gold Prices Decline on October 30, 2026; Check Rates in Major Cities
Sentiment: NeutralHigh Priority
What Happened?
On October 30, 2026, gold prices fell by 0.45% due to rising US inflation, impacting expectations for a Federal Reserve interest rate hike. Current rates for 24K, 22K, and 18K gold are provided for major Indian cities.
Key points
- Gold prices opened at ₹1.42 lakh per 10 grams on October 30, 2026.
- 24K gold is priced at ₹14,226 per gram, 22K at ₹13,040, and 18K at ₹10,669.
- Prices in major cities include ₹14,241 in Delhi and ₹14,226 in Chennai.
- Global gold rates decreased by 1% due to US inflation data.
- The decline in gold prices is linked to expectations of a Federal Reserve interest rate hike.
Key insights
- The decline in gold prices could lead to increased buying interest among consumers.
- Investors may reassess their portfolios in light of the Federal Reserve's potential rate hike.
- The impact of inflation on gold prices highlights the relationship between economic indicators and commodity prices.
Why it matters
The fluctuation in gold prices may affect investors and consumers looking to purchase gold.
Source
Times Now
