Gold Prices Remain Steady Across Multiple Cities on October 29

Gold prices across several major cities in India remained unchanged on October 29. The national benchmark rates stood at ₹13,275 for 1 gram of 22-carat gold and ₹1,06,200 for 8 grams of 22-carat gold, showing no fluctuation from previous figures.

Regional markets mirrored this steady trend with minor regional variations. In Coimbatore, Visakhapatnam, Madurai, Thrissur, and Vijayawada, 22-carat gold was priced at ₹1,319 per gram (recorded as ₹13,195 for 1 gram and ₹1,05,560 for 8 grams), while 24-carat gold stood at ₹13,855 for 1 gram and ₹1,10,840 for 8 grams.

Cities like Nagpur and Indore recorded 22-carat gold at ₹13,245 for 1 gram and ₹1,05,960 for 8 grams. The corresponding 24-carat gold prices in these regions were ₹13,907 for 1 gram and ₹1,11,256 for 8 grams. Meanwhile, Surat, Jaipur, Vadodara, Lucknow, Chandigarh, Ludhiana, and Kanpur saw identical pricing structures in their respective categories. In Surat, Jaipur, and Vadodara, 22-carat gold was marked at ₹13,299 per gram, and 24-carat gold at ₹13,964 per gram.

Lucknow, Chandigarh, Ludhiana, and Kanpur reported 22-carat gold at ₹13,295 for 1 gram and ₹1,06,360 for 8 grams, with 24-carat gold at ₹13,960 for 1 gram and ₹1,11,680 for 8 grams. Mysore recorded slightly higher rates, with 22-carat gold at ₹13,305 for 1 gram and ₹1,06,440 for 8 grams, and 24-carat gold at ₹13,970 for 1 gram and ₹1,11,760 for 8 grams.

Bhubaneswar and Patna registered some of the higher rates among the listed cities. In both locations, 22-carat gold was priced at ₹13,345 for 1 gram and ₹1,06,760 for 8 grams, while 24-carat gold stood at ₹14,012 for 1 gram and ₹1,12,096 for 8 grams. Across all mentioned locations, prices for both purities and quantities remained completely unchanged for the day.

"A flat pricing trend across multiple regional markets indicates a temporary consolidation phase in the precious metals sector. For businesses and consumers alike, stable daily rates offer short-term predictability in purchasing decisions and inventory management, reflecting a steady baseline in retail demand across these specific cities." — Dr. Shishir Gupta, Founder & CEO, StartupLanes