New Delhi: Gold prices continued their downward trend on Monday, October 27, as the yellow metal declined on India’s Multi Commodity Exchange (MCX) following a stronger US dollar and positive global trade cues.
At 9:32 am, MCX Gold December futures dropped 0.78% to ₹1,22,490 per 10 grams, while Silver December contracts fell 1.07% to ₹1,45,898 per kg.
According to the Indian Bullion Association (IBA), the 24-carat gold price stood at ₹1,22,590 per 10 grams, while 22-carat gold was priced at ₹1,12,374 per 10 grams. Silver (999 Fine) was trading at ₹1,46,380 per kg.
📈 Gold’s Performance Over the Years
Over the past two decades, gold prices in India have soared by nearly 1,200%, from around ₹7,638 per 10 grams in 2005 to over ₹1,25,000 in 2025 (as of September).
Despite short-term volatility, gold has posted positive returns in 16 of the last 20 years, reaffirming its position as a top-performing asset class and a safe hedge against inflation.
Year-to-date (YTD), gold prices have surged 56%, with multiple record highs in 2025 reflecting strong investor interest amid global economic uncertainty.
💰 City-Wise Gold and Silver Rates (October 27)
Mumbai
- Gold bullion: ₹1,21,960 /10 gm
- MCX Gold: ₹1,21,868 /10 gm
- Silver bullion: ₹1,45,540 /kg
- Silver 999: ₹1,45,438 /kg
Delhi
- Gold bullion: ₹1,21,790 /10 gm
- Silver bullion: ₹1,45,330 /kg
Chennai
- Gold bullion: ₹1,22,440 /10 gm
- Silver bullion: ₹1,46,240 /kg
Bengaluru
- Gold bullion: ₹1,22,180 /10 gm
- Silver bullion: ₹1,45,930 /kg
Hyderabad
- Gold bullion: ₹1,22,280 /10 gm
- Silver bullion: ₹1,46,050 /kg
Kolkata
- Gold bullion: ₹1,21,840 /10 gm
- Silver bullion: ₹1,45,390 /kg
Ahmedabad
- Gold bullion: ₹1,22,160 /10 gm
- Silver bullion: ₹1,45,770 /kg
Pune
- Gold bullion: ₹1,21,960 /10 gm
- Silver bullion: ₹1,45,540 /kg
🪙 What’s Driving the Price Dip?
Analysts attribute the latest correction to a stronger US dollar, which typically dampens demand for gold as an international safe-haven asset.
Additionally, renewed optimism over easing trade tensions between the US and China has reduced risk aversion, leading to profit booking in the bullion market.
Jewellers across India have also noted muted retail demand following the festive rush earlier this month, further weighing on domestic prices.
⚠️ Note for Buyers
Retail customers should note that final jewellery prices may vary due to making charges, GST, and local taxes, which can differ across cities and jewellers.
Originally published on newsworldstime.com.
Originally published on 24×7-news.com.
