Commodities & Forex
Gold rate today: 24K falls to about ₹1,46,070 per 10 g, silver near ₹2.3 lakh/kg
Shop rates eased overnight as a firmer rupee made imported gold cheaper; global prices were steady.
Indian gold prices are lower this morning. 24-carat gold is quoted at ₹14,607 per gram (about ₹1,46,070 per 10 grams) in Mumbai, Chennai, Kolkata, Bengaluru and Hyderabad, and ₹14,622 in Delhi, according to Asianet Newsable's 7:35 am update. 22-carat, the usual jewellery grade, is ₹13,389 per gram (₹1,33,890 per 10 g). Silver is ₹2,29,900 per kg.
Why lower? Mainly the rupee. It strengthened about 0.5% on Wednesday to roughly 94.43–94.46 per dollar, and because India imports almost all its gold, a stronger rupee makes each gram cheaper even when global prices barely move. Global gold futures were steady at about $4,150 an ounce. Compared with Asianet's rates yesterday, 24K in Mumbai is about ₹2,256 per 10 g lower.
Worked example: a 10 g, 22K chain at ₹1,33,890 for the metal, plus a 12% making charge (₹16,067) and 3% GST on both (₹4,499), comes to about ₹1,54,456. The making charge is the part you can negotiate. The official IBJA benchmark for today is published around midday; the latest one we have verified is from 19 October.
Key takeaway: when the rupee strengthens, Indian gold can get cheaper even if world prices don't move.
| Market | Level | Change |
|---|---|---|
| Delhi22K ₹1,34,040 | 24K ₹1,46,220 | |
| Mumbai22K ₹1,33,890 | 24K ₹1,46,070 | |
| Chennai22K ₹1,33,890 | 24K ₹1,46,070 | |
| Kolkata22K ₹1,33,890 | 24K ₹1,46,070 | |
| Bengaluru22K ₹1,33,890 | 24K ₹1,46,070 | |
| Hyderabad22K ₹1,33,890 | 24K ₹1,46,070 | |
| Silver (1 kg)All six cities | ₹2,29,900 |
Gold is holding near $4,150 as Middle East tension supports demand while high US interest rates cap gains.
A firmer rupee is bringing Indian gold prices down a little ahead of Diwali and Dhanteras buying.
Sources
Written with AI assistance by TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
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