Gold Dips, Silver Slips: Precious Metal Prices Ease Across Indian Cities on October 31

On October 31, gold prices in India softened after recent volatility, with 24-carat gold priced at ₹12,147 per gram and 22-carat gold at ₹11,134 per gram. Silver also edged lower, trading at ₹1,50,900 per kilogram. The price movement is attributed to a combination of global cues, currency fluctuations, and easing local demand post-Diwali.

City-wise, gold prices remained relatively consistent, with minor variations:

• Delhi: ₹12,147 (24K), ₹11,134 (22K)  
• Mumbai: ₹12,147 (24K), ₹11,134 (22K)  
• Chennai: ₹12,180 (24K), ₹11,160 (22K)  
• Kolkata: ₹12,147 (24K), ₹11,134 (22K)

Analysts suggest that while gold remains a safe-haven asset, short-term corrections are likely due to global interest rate expectations and profit booking.

Major takeaways:

• 24K gold at ₹12,147/g; 22K at ₹11,134/g  
• Silver priced at ₹1,50,900/kg  
• Prices influenced by global trends and post-festival cooling  
• Minor city-wise variations observed  

Sources: Moneycontrol, DNA India, Indian Express, Mathrubhumi