📰 News Expose India | Editor: Vijay Kumar
Gold Prices Drop Today After US Fed Rate Cut — Check Latest City-Wise Rates (October 30)
New Delhi, October 30:
Gold prices fell in India on Wednesday after the US Federal Reserve announced a key interest rate cut. On the Multi Commodity Exchange (MCX), gold and silver showed mixed trends, with gold marginally rising and silver slipping.
At 11:37 am, MCX Gold December futures rose 0.55% to ₹1,20,000 per 10 grams, while MCX Silver December contracts dropped 0.48% to ₹1,45,375 per kg.
According to Indian Bullion Association (IBA) data, 24-carat gold stood at ₹1,20,280/10 gm, while 22-carat gold was ₹1,10,257/10 gm.
Silver was priced at ₹1,45,720/kg (Silver 999 Fine).
Despite short-term volatility, gold has delivered an exceptional 1,200% rise in the past two decades—from ₹7,638 in 2005 to over ₹1,25,000 in 2025. Experts say gold remains one of 2025’s top-performing assets, with a 56% year-to-date (YTD) gain.
📊 City-wise Gold & Silver Prices (October 30):
Mumbai:
- Gold: ₹1,19,990/10 gm
- Silver: ₹1,45,490/kg
Delhi:
- Gold: ₹1,19,950/10 gm
- Silver: ₹1,45,530/kg
Kolkata:
- Gold: ₹1,20,000/10 gm
- Silver: ₹1,45,590/kg
Chennai:
- Gold: ₹1,20,420/10 gm
- Silver: ₹1,46,040/kg
Bengaluru:
- Gold: ₹1,20,250/10 gm
- Silver: ₹1,45,900/kg
Hyderabad:
- Gold: ₹1,20,260/10 gm
- Silver: ₹1,45,850/kg
Pune:
- Gold: ₹1,19,990/10 gm
- Silver: ₹1,45,490/kg
Ahmedabad:
- Gold: ₹1,20,310/10 gm
- Silver: ₹1,45,980/kg
Jewellers may add making charges, taxes, and GST, which could increase final retail prices.
Disclaimer: This article is for informational purposes. Please consult a certified financial advisor before making investment decisions.