Gold Prices Drop on October 31: Latest Rates Across Major Cities
Gold prices have seen a significant decline today, with 22-carat gold priced at ₹12,810 per gram in India.
22-carat gold is priced at ₹12,810 per gram, down by ₹310.
Prices for 24-carat gold have also decreased, now at ₹13,367 per gram.
Major cities like Nagpur and Coimbatore report similar declines in gold rates.
On October 31, 2026, gold prices in India experienced a notable decrease, with 22-carat gold priced at ₹12,810 for one gram, reflecting a drop of ₹310. The price for eight grams of 22-carat gold is now ₹1,02,480, down by ₹2,480 from previous rates.
The decline in gold prices is consistent across various cities. In Nagpur, for instance, 22-carat gold is priced at ₹12,780 per gram, while in Coimbatore, it stands at ₹12,730. This trend of decreasing prices has been observed in other major cities, including Visakhapatnam and Surat, where 22-carat gold is similarly priced.
In terms of 24-carat gold, the rates have also fallen. Today, it is priced at ₹13,367 per gram, down by ₹325. In Nagpur, the price for 24-carat gold is ₹13,419 per gram, while in Coimbatore, it is slightly lower at ₹13,367. These reductions indicate a broader trend affecting the gold market across the country.
The impact of these price changes is significant for consumers and investors alike. With gold being a traditional investment in India, the current lower prices may encourage buying among consumers, especially ahead of the festive season. Additionally, the decline in gold prices could influence market dynamics, affecting jewelry sales and investment strategies.
Looking ahead, market analysts will be closely monitoring gold prices as they may fluctuate further in response to global economic conditions and local demand. Upcoming festivals and wedding seasons could also play a crucial role in shaping consumer behavior towards gold purchases in the coming weeks.
