Gold Rate Falls Below Rs 1,26,000: Check 24 & 22 Carat Prices In Your City On October 23

Gold Rate Falls Below Rs 1,26,000: Check 24 & 22 Carat Prices In Your City On October 23

Gold Rate Today, October 23: Gold and silver on Thursday fell, as investors took advantage of bullion's recent record rally to take profits while awaiting US inflation data due later this week. In Mumbai, the price of 24-carat gold stood at Rs 1,25,880 per 10 grams, while 22k gold was available at Rs 1,15,390 per 10 grams. These rates do not include GST and making charges.

Silver was available at Rs 1,59,900 per kg.

On the MCX, gold was trading higher by 0.80% at Rs 1,22,831 per 10 grams for the December 5, 2025, contracts in the morning trade. However, silver was also up by 0.95% to trade at Rs 1,46,943 per kg.

In the international market, spot gold recovered slightly to stand at $4,089.6 per ounce, while silver was up by 0.11% to $48.55 an ounce.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On October 23?

India's unprecedented silver buying spree in the ongoing festival season has sent ripple effects worldwide, with London grappling with severe shortages, according to a report of Bloomberg News. This festival season Indian investors are rushing to buy silver-based jewelleries, leading to a crunch of physical silver.

The Bloomberg report added that in the long-term perspective, silver demand is outstripping supply by 678 million ounces due to solar industry.

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.

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Source: News18
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