Gold Rate Today: Gold prices in India have displayed significant volatility in recent days. After surging to high levels, prices dipped during the five-day Diwali festivities and have continued to fall sharply in the days since.
However, as of today, Wednesday, October 29, the current gold rates are showing an upward trend. Considered an ideal inflation hedge, 24-carat gold is the most expensive form of gold and is commonly used for investment purposes. In contrast, 22-carat gold and 18-carat gold are primarily utilised for jewellery.
Gold rate in India today, on October 28 (INR):
The price of 24K gold stands at ₹12,158 per gram, reflecting a slight increase of Rs 76. Similarly, 22K gold is priced at Rs 11,145 per gram, up by Rs 70, while 18K gold is trading at Rs 9,119 per gram, with a rise of Rs 57. Overall, all gold categories have recorded a price hike today.
