Gold Prices Decline Across Major Indian Cities on October 22

Gold prices witnessed a downward trend across most major metro cities in India on October 22. Across the country, the average price for 1 gram of 22-carat gold stood at ₹13,315, registering a decrease of ₹155, while 8 grams of 22-carat gold dropped by ₹1,240 to reach ₹1,06,520.

In Delhi, the price of 22-carat gold was recorded at ₹13,335 per gram, down by ₹155, with 8 grams priced at ₹1,06,680 (down by ₹1,240). Meanwhile, 24-carat gold in the capital was priced at ₹14,002 per gram, a decline of ₹163, and ₹1,12,016 for 8 grams, down by ₹1,304.

In Mumbai, 22-carat gold fell to ₹13,285 per gram (down by ₹155) and ₹1,06,280 for 8 grams (down by ₹1,240). The 24-carat gold in Mumbai stood at ₹13,949 per gram, dropping ₹163, while 8 grams was priced at ₹1,11,592, down by ₹1,304.

Markets in Kolkata saw 22-carat gold trading at ₹13,385 per gram (down by ₹155) and ₹1,07,080 for 8 grams (down by ₹1,240). The 24-carat gold rate in Kolkata was ₹14,054 per gram, lower by ₹163, with 8 grams priced at ₹1,12,432, reflecting a drop of ₹1,304.

In Chennai, 22-carat gold was recorded at ₹13,235 per gram (down by ₹155) and ₹1,05,880 for 8 grams (down by ₹1,240). For 24-carat gold in Chennai, the rate stood at ₹13,897 per gram, down by ₹163, and ₹1,11,176 for 8 grams, down by ₹1,304.

In Bengaluru, 22-carat gold was priced at ₹13,345 per gram (down by ₹155) and ₹1,06,760 for 8 grams (down by ₹1,240). The 24-carat gold in Bengaluru stood at ₹14,012 per gram, down by ₹163, and ₹1,12,096 for 8 grams, down by ₹1,304.

Similar downward adjustments were observed in other cities. In Hyderabad, 22-carat gold traded at ₹13,235 per gram and 24-carat at ₹13,897 per gram. In Pune, 22-carat gold was listed at ₹13,285 per gram and 24-carat at ₹13,949 per gram. In Ahmedabad, 22-carat gold was recorded at ₹13,339 per gram, while 24-carat gold stood at ₹14,006 per gram. Across all these additional markets, 1-gram rates for 22-carat and 24-carat gold decreased by ₹155 and ₹163 respectively, while 8-gram rates fell correspondingly by ₹1,240 and ₹1,304.

"Fluctuations in commodity prices like gold are a standard part of market cycles. Even minor daily price corrections provide useful data points for consumers and businesses monitoring purchasing trends across different metropolitan markets in India." — Dr. Shishir Gupta, Founder & CEO, StartupLanes