Gold Rate in India Steady After Record-Breaking Surge; Will US Fed Meeting Spark Next Rally? 27 Oct Outlook

Gold Rate in India: After witnessing a long-awaited correction last week, 24-karat gold prices tumbled by nearly Rs 70,000 per 100 grams over seven days. However, prices rebounded on Saturday, reflecting the price recovery in international bullion markets. Silver also experienced a notable pullback during the same period. As trading resumes on Monday, October 27, investors are expected to keep a close watch on gold and silver price movements ahead of the US Federal Reserve's rate cut meeting and key geopolitical developments.

The gold rate in India has increased by more than 65% since the beginning of the year 2025. Despite the massive surge in prices, experts believe that the precious metal will continue to remain in demand and may surge significantly in the coming months.

Gold Rate in India

The price of 24 karat gold in India increased to Rs 12,562 per gram on Saturday, October 25, and remained stable at the same rate on Sunday. Similarly, the 22-karat gold rate remained at Rs 11,515 per gram. Similarly, the 18 karat gold rate stood at Rs 9,422 per gram. The sharp gold price rally over the past two to three months could be the result of strong gold buying, expectations of a US Fed rate cut, and the extended US shutdown.

Silver Rate in India

The price of silver declined last week. Silver rate in India stood at Rs 155 per gram, and at Rs 1,55,000 per kilogram. Despite last week's average decline, silver still remains close to its all-time high mark, raising expectations of further upside movement in the next two to three weeks.

Gold, Silver Price Outlook

Gold and silver prices are likely to remain volatile on Monday, October 27, as investors will remain cautious ahead of the US Fed meeting, scheduled for Tuesday. While the market has already priced in a rate cut by US Federal Reserve Chairperson Jerome Powell, investors will look for his commentary for future outlook.

"Softer local demand and global financial uncertainty have kept gold prices under control. For investors looking at gold as a hedge, it remains an option, but the short-term consideration has turned from indiscriminate buying to selective buying. However, for those investing for the long term, gold remains a strong investment option, due to its overall valuation and the upcoming wedding season," noted Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

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