Gold Rates Today (24/10/2026) Jumps After Rs 55,600 Crash: 24K, 22K, 18K Gold Prices In Chennai, Delhi, Cities

Gold rates in India surged for the first time in five days after crashing by a whopping Rs 55,600 in 100 grams and Rs 5,560 decline in 10 grams of 24-carat. On October 24, as the festive enthusiasm erupted, 24-carat and 22-carat gold prices gained as much as Rs 1,000, while the 18-carat gold price rose by at least Rs 800. This is despite spot gold falling below the $4,000 mark, recording a 4% weekly decline and reaching its lowest level since mid-July. MCX gold was no better with 10 grams below the Rs 142,200 level overnight. Precious metals in India will be impacted by the upcoming US Federal Reserve's policy outcomes next week and the onset of the Diwali festival next month. In major cities, gold prices have witnessed significant revision.

24-carat gold price soared by Rs 1,000 in 100 grams to Rs 14,25,800 on Saturday, while 10 grams gold here is up by Rs 100 to Rs 1,42,580. Furthermore, 22-carat gold price also rose by Rs 1,000 in 100 grams to Rs 13,07,000 and up by Rs 100 in 10 grams to Rs 1,30,700.

Gold and silver gained despite commodities market being volatile and week throughout the week. As per Ponmudi R, CEO of Enrich Money, gold and silver came under significant selling pressure as elevated energy prices reinforced expectations of prolonged restrictive monetary policy, while weakness in technology stocks impacted broader risk appetite. Meanwhile, crude oil surged to multi-month highs following renewed attacks on Saudi energy infrastructure and shipping routes, while the Indian rupee surrendered its early-week gains amid rising oil prices and renewed dollar demand.

From October 20th to 23rd, 100 grams and 10 grams gold in 24-carat have plunged by Rs 55,600 and Rs 5,560 respectively. While 22-carat gold rates declined by Rs 51,000 in 100 grams and down by Rs 5,100 in 10 grams.

Gold Rates In Top Major Cities

Gold Rates In Chennai + Gold Rates In Mumbai + Gold Rates In Hyderabad + Gold Rates In Bangalore:

24-carat and 22-carat gold prices are similar in these cities. 10 grams gold price stood at Rs 1,42,580 in 24-carat and at Rs 1,30,700 in 22-carat. While 100 grams gold stood at Rs 14,25,800 in 24-carat and at Rs 13,07,000 in 22-carat. The price of 1 gram gold here is at Rs 14,258 in 24-carat and at Rs 13,070 in 22-carat.

However, 18-carat gold is higher by Re 1 in Chennai to Rs 10,695 in 1 gram, at Rs 1,06,950 in 10 grams and at Rs 10,69,500 in 100 grams. Meanwhile, in Bangalore, Mumbai and Hyderabad, 18-carat gold stood at Rs 10,694 per 1 gram, at Rs 1,06,940 per 10 grams and at Rs 10,69,400 per 100 grams.

Gold is broadly expensive in Delhi. 24-carat gold price stood at Rs 14,273 per 1 gram, at Rs 1,42,730 per 10 grams and at Rs 14,27,300 per 100 grams. Meanwhile, 22-carat gold price is at Rs 13,085 per 1 gram, at Rs 1,30,850 per 10 grams and at Rs 13,08,500 per 100 grams. Here, 18-carat gold prices are at Rs 10,709 per 1 gram, at Rs 1,07,090 per 10 grams and at Rs 10,70,900 per 100 grams.

Gold Rates In India Outlook Ahead

As per Ponmudi, the key macroeconomic focus remained the Federal Reserve's upcoming October 27-28 policy meeting, following stronger-than-expected U.S. consumer and producer inflation readings in the previous week. Although markets largely expected the Fed to keep interest rates unchanged at the October meeting, expectations of another rate hike in December remained elevated, with traders pricing approximately a 78% probability. Resilient U.S. economic indicators, including historically low initial jobless claims, added to concerns that inflation could remain persistent.

The expert added, higher energy costs further complicated the monetary policy outlook, limiting the scope for easing and maintaining pressure on non-yielding assets like gold. Investors are also awaiting the October 29 U.S. Personal Consumption Expenditures report for additional guidance on inflation and future interest-rate decisions.