Gold rates in India crashed again on October 27 after a significant jump during the weekend. 100 grams and 10 grams gold prices in 24 carat dropped by Rs 11,400 and Rs 1,140 on Monday. A similar trend is seen in 22 carats and 18 carats gold prices. However, silver rates in India are unchanged, with 1 kg still holding around Rs 1,55,000. The potential trade deal between US and China along with stronger US dollar has led investors to profit-booking in safe haven assets. This comes as a good news though for buyers on Chhath Puja which is widely celebrated across India.
The price of 10 grams gold fell by Rs 1,140 to Rs 1,24,480 on October 27th, while 100 grams gold price declined the most by Rs 11,400 to Rs 12,44,800. Further, 8 grams and 1 gram gold rates plunged by Rs 912 and Rs 114 to Rs 99,584 and Rs 12,448 respectively.
22 Carat Gold Prices:
In this carat, 10 grams gold dropped by Rs 1,050 to Rs 1,14,100, and 100 grams gold price plummeted by Rs 10,500 to Rs 11,41,000. The price of 8 grams gold is down by Rs 840 to Rs 91,280 and 1 gram gold edged lower by Rs 105 to Rs 11,410.
18 Carat Gold Prices:
Under 18 carat, 10 grams gold contracted by Rs 860 to Rs 93,360 and 100 grams gold price tumbled by Rs 8,600 to Rs 9,33,600. Also, 8 grams gold is lower by Rs 688 to Rs 74,688, and the cheapest gold rate is of 1-gram in 18 carat to Rs 9,336 which inched lower by Rs 86 on Monday.
Why Are Gold Prices Falling?
According to Darshan Desai, CEO - Aspect Bullion & Refinery, gold prices continue to decline as safe-haven demand weakens amid optimism over a potential US-China trade deal and a stronger US dollar. This week is a crucial one for the bullion market, with key events including meetings between US President Donald Trump and Chinese President Xi Jinping, a US Federal Reserve announcement, and several major tech company earnings reports. Investors considering gold as a hedge should prepare for short-term volatility and sharp price swings.
Unlike gold, silver prices in India are unchanged. 1Kg silver rate is at Rs 1,55,000, while 100 grams and 10 grams silver price stood at Rs 15,500 and Rs 1,550 respectively. Further, 8 grams silver is at Rs 1,240 and 1 gram silver is at Rs 155.
Silver rates have been either down or flat since past 10 days.
Why Silver Rates In India Under Pressure?
''The decline is mainly due to profit-taking and weaker industrial demand. Long-term factors, like supply constraints and industrial use, remain strong, but at the moment, the market is looking at consolidation rather than growth. Silver is better at this point as a strategic buffer than a short-term momentum trade,'' said Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA).
MCX Gold Price + MCX Silver Price:
MCX gold price dropped by Rs 1,096 or 0.9% to trade at Rs 1,22,355 per 10 grams, at the time of writing. The bullion with December 2025 expiry, traded in the range of Rs 1,21,822 to Rs 1,22,600 per 10 grams which are the day's lows and highs.
Similarly, MCX silver price declined by Rs 1,183 or 0.80% to trade at Rs 1,46,287 per 1kg. Silver with December expiry ranged between day's low of Rs 1,42,910 to day's high of Rs 1,46,728 per 1kg.
Buy Gold & Silver At MCX?
For the yellow metal, analysts at Nirmal Bang said, gold are expected to correct. Hence, traders can sell at 124500 with a stop loss of 125200 for the target at 123500-122500.
Further, on silver, the analysts are expecting correction. Accordingly, they recommended to sell at 148500 with a stop loss of 150000 for the target at 146500-145000.
Gold Rates & Silver Rates Predictions:
''Attention is turning to upcoming central bank meetings, with the Federal Reserve widely expected to deliver a 25 basis point rate cut following weak inflation data, while both the ECB and BOJ are anticipated to maintain steady policy stances," said Rahul Kalantri, VP Commodities, Mehta Equities.
Also, Desai said, "Positive news on the trade deal or further gains in the US dollar could prompt more profit-taking in gold. Additionally, if the Federal Reserve signals fewer interest rate cuts than expected in its Wednesday statement, that could put further downward pressure on gold prices."
Giving a target outlook, Kalantri said, "Gold has support at $4050-4005 while resistance at $4145-4165. Silver has support at $47.80-47.20 while resistance is at $48.65-48.95. In INR gold has support at Rs1,22,470-1,21,780 while resistance at Rs1,23,950-1,24,800. Silver has support at Rs1,46,250-1,45,150 while resistance at Rs1,47,950, 1,48,780."
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Gold Rates In Chennai:
Gold Rates In Mumbai:
Gold Rates In Bengaluru:
Gold Rates In Hyderabad:
Gold Rates In Delhi:
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