Gold and silver prices witnessed a decline on Thursday, October 29, amid continued pressure on precious metals in the domestic and international markets. According to All India Bullion reference rates, 24-carat gold was priced at Rs 1,44,595 per 10 grams, while 22-carat gold stood at Rs 1,32,449 per 10 grams. Silver prices also declined, with 999-purity silver trading at Rs 1,96,757 per kilogram.
The rates were updated at 11:28 am IST on Thursday, according to the bullion market reference data. Prices may vary across cities, jewellers and retail outlets.
Gold rate today in India: 22K and 24K prices
Here are the indicative gold prices in India on October 29, 2026:
| Gold purity | Price per gram | Price per 10 grams |
|---|---|---|
| 24-carat gold | Rs 14,459.50 | Rs 1,44,595 |
| 22-carat gold | Rs 13,244.90 | Rs 1,32,449 |
The 24-carat rate refers to gold of the highest standard of purity, while 22-carat gold is commonly used to make jewellery.
Gold prices vary depending on local market conditions, jeweller margins and applicable taxes. Buyers should check the final price with their jeweller before making a purchase.
Silver rate today, October 29, 2026
Silver prices also remained under pressure on Thursday. The rate of 999-purity silver stood at Rs 1,96,757 per kilogram, marking a decline of Rs 2,923 per kilogram compared with the previous close, according to All India Bullion reference data.
| Silver purity | Price |
|---|---|
| 999-purity silver per gram | Rs 196.76 |
| 999-purity silver per 10 grams | Rs 1,967.57 |
| 999-purity silver per kilogram | Rs 1,96,757 |
Silver prices are influenced by industrial demand, global commodity trends, currency movements and investor sentiment.
Why are gold and silver prices fluctuating?
Precious metal prices are influenced by several factors, including movements in the US dollar, global interest rate expectations, geopolitical developments and demand for safe-haven assets.
Expectations surrounding the US Federal Reserve’s monetary policy can also influence gold and silver prices. Higher interest rates generally make non-yielding assets such as gold less attractive, while expectations of rate cuts can support demand.
Investors also track crude oil prices, inflation expectations and currency movements when assessing the outlook for precious metals.
What should buyers know before purchasing gold?
Gold prices quoted in bullion market updates may differ from the final price charged by jewellery retailers. Buyers should account for making charges and applicable taxes when calculating the cost of jewellery.
The prices listed above are indicative reference rates for October 29, 2026, and may change during the day. Consumers should confirm the prevailing rates with local jewellers before purchasing gold or silver.