After days of decline, gold prices in India have once again turned upward following the US Federal Reserve’s rate cut. Investors are returning to the yellow metal as global cues turn favorable. On October 29, the Federal Reserve reduced interest rates by 0.25%, which made traditional investment options like bonds less attractive — prompting investors to move toward safe-haven assets like gold.

As a result, the price of 24-carat gold in Delhi climbed to ₹1,22,560 per 10 grams on October 30, while 22-carat gold also registered an increase. Let’s take a detailed look at the latest gold rates across India’s major cities.

💰 Gold Prices in Delhi

• 24-Carat Gold: ₹1,22,560 per 10 grams
• 22-Carat Gold: ₹1,12,360 per 10 grams

The upward movement in Delhi mirrors the national trend, with prices responding strongly to the global economic shift.

🌍 Gold Rates in Other Major Cities (per 10 grams)

The surge in prices reflects renewed investor confidence after the Fed’s monetary easing measures.

🪙 Silver Prices Also Rise

Just like gold, silver has also regained momentum. On October 30, silver prices increased to ₹1,52,100 per kilogram in India. In the international market, silver surged by 2.85% to $48.40 per ounce.

Earlier, the strengthening of the US dollar, easing of US-China trade tensions, and profit booking had led to a dip in both gold and silver rates. However, the Fed’s recent rate cut and renewed market optimism have now reversed that trend.

📈 Why Gold Prices Are Rising Again

• Fed’s Rate Cut: A 0.25% reduction in US interest rates made gold more appealing to investors.
• Weaker Bonds: Lower interest rates reduce bond yields, driving investors toward safe assets.
• Global Economic Factors: Optimism in global trade and softening inflation expectations have also boosted demand.

Bottom Line:
With both domestic and international markets responding positively to the Fed’s policy shift, gold has once again proven its resilience as a preferred investment option. Experts suggest that if global economic conditions remain uncertain, gold prices may continue to maintain an upward trajectory in the coming weeks.