Gold Prices Decline Across Major Indian Cities on October 23

Gold prices declined across major metro cities in India on October 23, according to market data. The downward movement affected both 22-carat and 24-carat variants across multiple urban centers.

Nationwide, the price for 1 gram of 22-carat gold stood at ₹13,140, reflecting a decrease of ₹175, while 8 grams of 22-carat gold dropped by ₹1,400 to reach ₹1,05,120.

In Delhi, 22-carat gold was priced at ₹13,160 for 1 gram (down by ₹175) and ₹1,05,280 for 8 grams (down by ₹1,400). The 24-carat gold in the national capital was recorded at ₹13,818 for 1 gram (down by ₹184) and ₹1,10,544 for 8 grams (down by ₹1,472).

In Mumbai, 22-carat gold traded at ₹13,110 per gram (down by ₹175) and ₹1,04,880 for 8 grams (down by ₹1,400). Meanwhile, 24-carat gold in Mumbai was priced at ₹13,766 for 1 gram (down by ₹183) and ₹1,10,128 for 8 grams (down by ₹1,464).

Market rates in Kolkata showed 22-carat gold at ₹13,210 for 1 gram (down by ₹175) and ₹1,05,680 for 8 grams (down by ₹1,400). The 24-carat gold in Kolkata stood at ₹13,871 per gram (down by ₹183) and ₹1,10,968 for 8 grams (down by ₹1,464).

In Chennai, 22-carat gold was priced at ₹13,060 for 1 gram (down by ₹175) and ₹1,04,480 for 8 grams (down by ₹1,400). The 24-carat rate in Chennai was ₹13,713 for 1 gram (down by ₹184) and ₹1,09,704 for 8 grams (down by ₹1,472).

In Bengaluru, 22-carat gold was recorded at ₹13,170 for 1 gram (down by ₹175) and ₹1,05,360 for 8 grams (down by ₹1,400), while 24-carat gold stood at ₹13,829 for 1 gram (down by ₹183) and ₹1,10,632 for 8 grams (down by ₹1,464).

Rates in Hyderabad matched Chennai, with 22-carat gold at ₹13,060 for 1 gram (down by ₹175) and ₹1,04,480 for 8 grams (down by ₹1,400), and 24-carat gold at ₹13,713 for 1 gram (down by ₹184) and ₹1,09,704 for 8 grams (down by ₹1,472).

In Pune, 22-carat gold was priced identically to Mumbai at ₹13,110 for 1 gram (down by ₹175) and ₹1,04,880 for 8 grams (down by ₹1,400). The 24-carat gold in Pune stood at ₹13,766 for 1 gram (down by ₹183) and ₹1,10,128 for 8 grams (down by ₹1,464).

Finally, in Ahmedabad, 22-carat gold was recorded at ₹13,164 for 1 gram (down by ₹175) and ₹1,05,312 for 8 grams (down by ₹1,400). The 24-carat gold in Ahmedabad was priced at ₹13,822 for 1 gram (down by ₹184) and ₹1,10,576 for 8 grams (down by ₹1,472).

"Fluctuations in precious metal prices are a standard part of commodity market cycles. While daily price adjustments like these are common across major metropolitan cities, they highlight the dynamic nature of retail pricing. Businesses and individuals tracking commodity trends should analyze these movements over broader timeframes rather than relying solely on single-day changes." — Dr. Shishir Gupta, Founder & CEO, StartupLanes