Gold prices today: City-wise rates, MCX signals, and key factors before investing

Gold prices in India fell by ₹1 per gram on October 23, with 24-carat gold settling at ₹14,437 per gram nationally, while Delhi recorded the highest rates among major cities. Retail prices varied slightly across cities due to local transportation costs and state levies, with Delhi's 24-carat gold at ₹14,452 per gram, while Mumbai, Kolkata, Bengaluru, Hyderabad, Pune, and Kerala matched national figures. MCX gold futures remained flat at ₹1,43,303 per 10 grams after closing nearly 1 percent lower on Thursday. The domestic market faces pressure from a firmer rupee and elevated crude oil prices linked to Middle East tensions, which have reinforced expectations of sustained high US interest rates. Experts advise checking BIS hallmarking, preferring 24-carat coins over jewellery for investment, and maintaining a long-term horizon of five to twenty years.