Gold Prices Fall After Diwali: Check Today’s 24K, 22K, 18K Rates in India – October 22
After Diwali surge, gold rates drop sharply, offering relief to buyers, 24 carat gold falls by Rs 3,380 per 10 grams.
Mumbai, Oct 22 : Gold prices in India fell sharply on Wednesday, October 22, marking the fourth consecutive day of decline. The post-Diwali correction comes as investors booked profits following recent record highs in global bullion markets. Market experts note that while festive demand has eased, gold and silver jewellery purchases are expected to remain strong during the wedding season.
Gold rate today (October 22):
24-carat gold: Rs 1,27,200 per 10 grams (down Rs 3,380)
22-carat gold: Rs 1,16,600 per 10 grams (down Rs 3,100)
18-carat gold: Rs 95,400 per 10 grams (down Rs 2,540)
Analysts attribute the fall to a global sell off in gold and profit-booking by investors after a festive season rally, easing pressure on buyers in India’s retail market.
