New Delhi, October 30, 2025: Gold prices witnessed a sharp decline across major Indian cities on Thursday, reacting to global market cues after the US Federal Reserve announced a 25-basis-point rate cut. The correction followed profit-booking by investors and cautious sentiment driven by the Federal Open Market Committee’s outlook.
In Delhi, 24-carat gold slipped to around ₹1,22,410 per 10 grams, while 22-carat gold was priced at ₹1,12,210 per 10 grams. Mumbai also recorded a significant drop, with 24-carat gold trading at ₹1,21,720 per 10 grams, and 22-carat at ₹1,11,620 per 10 grams.
Similar price corrections were seen across other metro markets:
- Ahmedabad: 24-carat at ₹1,21,600; 22-carat at ₹1,11,500 per 10 gm
- Chennai: 24-carat at ₹1,22,400; 22-carat at ₹1,12,210 per 10 gm
- Minor declines were also noted in Bengaluru, Kolkata, Jaipur, and Hyderabad
Analysts stated that gold has reacted negatively owing to the Fed’s policy easing, as a softer dollar and cautious investor behavior kept prices subdued. With global market participants booking profits and monitoring geopolitical developments and inflation data, gold may remain volatile in the near term. Experts believe that the gold prices correction may offer a temporary buying opportunity for retail buyers ahead of the festive season.
Silver prices also dipped in line with the downtrend in the international market.
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