Gold prices dip slightly across major Indian cities amid global market fluctuations

Gold prices in India saw a minor decline on October 29, 2025, following mixed trends in international markets. The yellow metal’s movement reflected global uncertainty over interest rate changes and inflation outlooks. For buyers and investors in cities like Delhi, Mumbai, and Jaipur, the current dip offers a moment of relief, especially after weeks of steady price hikes across domestic markets.

Gold rates across major cities
In Delhi, the price of 10 grams of 24-carat gold stood close to ₹73,000, while in Mumbai and Ahmedabad, rates hovered around ₹72,800. Chennai recorded slightly higher prices due to regional demand variations, touching approximately ₹73,500. Kolkata and Hyderabad followed similar trends, with marginal differences based on local taxes and logistics costs. Silver prices also witnessed minor corrections, tracking the overall cooling sentiment in precious metals.

Global influence on Indian gold prices
Internationally, gold prices have been influenced by the US Federal Reserve’s upcoming policy decisions and the movement of the US dollar. A stronger dollar typically makes gold more expensive for holders of other currencies, leading to reduced demand. This global interplay affects Indian markets too, where gold is not just a commodity but a cultural investment. The recent dip indicates that global investors are awaiting clarity on rate cuts before making large-scale moves.

Impact on Tier 2 buyers and small investors
For middle-income families and small investors in Tier 2 cities like Nagpur, Indore, and Coimbatore, even small price changes matter. Many use such dips to buy small quantities for weddings or festive occasions. Local jewellers reported a modest uptick in inquiries as consumers looked to take advantage of the temporary softness in prices. However, with global uncertainty still high, experts suggest buyers should stay alert rather than rush into bulk purchases.

What lies ahead for gold investors
Analysts believe that the market could see short-term volatility depending on the Fed’s next move and the geopolitical climate. In India, festive demand and wedding season purchases are likely to provide support to gold prices. While immediate corrections offer some relief, long-term trends remain bullish due to inflation concerns and sustained investor interest in safe-haven assets.

Conclusion
Gold prices may have dipped slightly across Indian cities, but the overall outlook remains steady. For buyers in Tier 2 markets, this small correction could be a practical window to invest before festive demand picks up again. As global conditions continue to evolve, India’s deep cultural and economic connection with gold ensures that the metal will stay central to both personal finance and local trade in the months ahead.