Gold and Silver prices on October 29, 2023

According to GoodReturns, 22-carat gold prices in India are at Rs 5,740 per gram, while for 24-carat the price is at Rs 6,262 per gram.

Edited By: Alina Khan

Last Updated : 29 October 2023, 11:15 AM IST

Gold and Silver prices on October 29, 2023

According to the latest gold and silver prices, on Sunday, 22-carat gold prices in India are at Rs 5,740 per gram, while for 24-carat the price is at Rs 6,262 per gram.

On October 29, the price of 22-carat gold was at Rs 57,400 per gram; Rs 62,620 for 10 gm 24-carat gold and silver at Rs 74,600 per kg respectively, according to GoodReturns. While, the silver rate was Rs 74.60 per gram whereas for 10 grams it was Rs 746.

Check rates of Gold and Silver here:

Cities	22-carat Gold (10 gm)	24-carat Gold (10 gm)	Silver (1 kg)
Delhi	57,550	62,770	74,600
Mumbai	57,400	62,620	74,600
Chennai	57,700	62,950	78,000
Kolkata	57,400	62,620	75,100
Bengaluru	57,400	62,620	74,250
Hyderabad	57,400	62,620	78,000
Kerala	57,400	62,620	78,000

What determines gold and silver rates?

To comprehend the fluctuations in gold and silver rates, it's crucial to know the factors that influence them. These include:

Global Market Trends - Global economic conditions, geopolitical events, and currency fluctuations can significantly impact the rates of gold and silver in India.

Local Demand and Supply - Domestic factors, such as festive seasons and weddings, influence the demand for gold in India. Moreover, mining and import policies play a role in supply and pricing.

Investment Opportunities:

Buying Gold and Silver - Learn about various ways to invest in gold and silver, from physical purchases to digital investments like ETFs and sovereign gold bonds.

In a country where gold and silver are more than just commodities, understanding their rates and significance is essential. By staying informed about global and local factors affecting their prices and making strategic investment decisions, you can navigate the ever-changing landscape of gold and silver rates in India.

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Gold and Silver prices on October 29, 2023