Gold Rate Today, October 31: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities

On October 31, 2026, the gold price in India saw a decline compared to the previous day. The cost of 24 carat gold dropped to Rs 13,888 per gram, a decrease of Rs 338 from October 30. Similarly, 22 carat gold priced at Rs 12,730 per gram and 18 carat gold at Rs 10,416 per gram also experienced a reduction of Rs 310 and Rs 253 respectively over the prior day's prices.

In major cities such as Chennai, Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Pune, Vadodara, Ahmedabad, tensions in the Middle East continued due to Iran's Islamic Revolutionary Guard Corps (IRGC) reporting four oil tankers caught fire and exploding in the Strait of Hormuz. US President Donald Trump reassured that the conflict with Iran would soon conclude, advocating for a firm assurance that Iran would not acquire nuclear weapons.

Iranian authorities reported a Qatari delegation returning for negotiations, with Iran receiving a letter from the US detailing terms to end the war. The United States and Iran's tensions escalated following joint US-Israeli military strikes on February 28, 2026, which resulted in the death of Supreme Leader Ali Khamenei. Despite a Pakistan-mediated interim agreement in June 2026, ongoing maritime confrontations and diplomatic deadlock persist over Iran's nuclear program and regional security concerns.