Gold and silver prices witnessed another decline in the Indian market on Friday, October 30, 2026, bringing fresh attention to precious metal rates ahead of the upcoming festive season. Both metals traded lower as international market movements and currency fluctuations continued to influence domestic prices.
According to the latest data, the 24-carat gold reference rate stood at approximately ₹1,43,911 per 10 grams, while 22-carat gold was priced at around ₹1,31,822 per 10 grams.
Silver prices also remained under pressure, with the 999-purity silver reference rate falling to approximately ₹1,90,318 per kilogram.
Gold Prices Decline in the Indian Market
Gold recorded a decline on October 30 compared with the previous closing levels. The latest reference rates showed a decrease of ₹420 per 10 grams for 24-carat gold.
The prices were:
- 24-carat gold: ₹1,43,911 per 10 grams
- 22-carat gold: ₹1,31,822 per 10 grams
Gold prices can differ between cities depending on local market conditions, dealer premiums and applicable taxes. Jewellery buyers should also account for making charges and GST.
Silver Prices Also Move Lower
Silver prices followed a similar trend on Friday. The 999-purity silver reference rate was approximately ₹1,90,318 per kilogram, marking a decline of ₹4,550 compared with the previous close.
The lower prices have kept silver in focus among consumers and market participants, particularly during the festive buying period.
Why Are Gold and Silver Prices Falling?
Several international factors are influencing precious metal prices.
A stronger US dollar and expectations surrounding the US Federal Reserve’s interest rate policy have created pressure on gold and silver. Higher interest rates can make non-interest-bearing assets such as precious metals less attractive to some investors.
Global economic developments and geopolitical uncertainty are also contributing to market movements.
Gold and Silver Rates: What Buyers Should Know
People planning to purchase gold or silver should check the latest local rates before visiting jewellery stores.
Gold prices vary according to purity, while silver prices depend on the quality and weight of the metal. The final jewellery bill may also include making charges, GST and other applicable costs.
With both precious metals witnessing downward movement on October 30, buyers are keeping a close watch on further price changes ahead of Dhanteras and Diwali.
