Gold prices in India witnessed a strong rebound on Thursday, following the conclusion of the US Federal Reserve meeting
Mumbai: India’s gold prices climbed on Wednesday, October 30, 2025, as international bullion markets reacted to the latest US Federal Reserve policy meeting.
The 24-carat gold rate rose by ₹158 per gram to ₹12,240 per gram, while 22-carat gold advanced by ₹145 per gram to ₹11,220 per gram. Similarly, 18-carat gold increased by ₹118 per gram to ₹9,180 per gram.
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The rally marked a turnaround after weeks of correction that followed August and September’s record-breaking surge in gold prices. Analysts said investor optimism over the Fed’s policy stance and continued global uncertainties contributed to the rebound.
On the Multi Commodity Exchange (MCX), gold futures for December expiry closed higher at ₹1,21,460 per 10 grams, while silver futures settled at ₹1,44,342 per kilogram. Silver prices also strengthened, reaching ₹152 per gram and ₹1,52,000 per kilogram amid strong industrial demand and supply constraints.
Also read: Gold and Silver rates (October 29): Check prices in Kerala, rest of India
India remains the world’s second-largest consumer of gold after China, with most of its demand met through imports. Domestic gold rates are influenced not only by international prices but also by the rupee-dollar exchange rate, import duties, and local taxes.
Meanwhile, the surge in prices has reshaped jewellery buying trends. In Bengaluru, jewellers report growing interest in demi-fine jewellery — a mix of sterling silver, gold plating, and semi-precious stones — as consumers look for affordable yet stylish alternatives to solid gold ornaments.
Market experts believe that while gold may face short-term volatility following the Fed announcement, its long-term fundamentals remain strong. “Despite recent pullbacks, gold continues to serve as a hedge against inflation and a stable investment during market turbulence,” said Ross Maxwell, Global Strategy Lead at VT Markets.
Gold prices in India on October 30, 2025, reflected a global rally in precious metals, driven by investor anticipation surrounding the US Federal Reserve’s latest policy signals. The 24-carat gold price surged to ₹12,240 per gram, up ₹158, while 22-carat gold rose to ₹11,220 per gram, up ₹145.
Across major cities, gold rates stood as follows per 10 grams:
- Delhi: ₹1,21,840 (24K) and ₹1,11,710 (22K)
- Mumbai: ₹1,21,720 (24K) and ₹1,11,620 (22K)
- Chennai: ₹1,22,400 (24K) and ₹1,12,210 (22K)
- Bangalore: ₹1,21,690 (24K) and ₹1,11,560 (22K)
- Kolkata: ₹1,21,700 (24K) and ₹1,11,570 (22K)
On MCX, gold futures (December expiry) ended at ₹1,21,460 per 10 grams, mirroring the uptrend in global spot prices. Silver also rallied sharply, hitting ₹152 per gram, supported by strong industrial demand and supply bottlenecks.
India’s domestic gold market continues to be guided by global trends, import duties (currently 10%), and rupee movements. A weaker rupee typically makes gold imports costlier, pushing domestic prices higher.
Experts forecast further price swings in the coming days as markets digest the Fed’s policy outcome. However, with inflationary pressures persisting and geopolitical uncertainties continuing, gold remains a preferred safe-haven asset for Indian investors.
Published: 30 Oct 2025, 07:45 am IST
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