The prices of the yellow metal dropped on India’s Multi Commodity Exchange (MCX) on Monday, October 27, amid a strong US dollar and growing optimism over easing trade tensions between the United States and China. The decline in gold and silver prices followed a week of volatility in the global commodities market.
Gold and silver prices today — October 27
On Monday, MCX Gold December futures slipped 0.78% to ₹1,22,490 per 10 grams at 9:32 am, while MCX Silver December contracts fell 1.07% to ₹1,45,898 per kg.
According to the Indian Bullion Association (IBA), 24-carat gold was priced at ₹1,22,590 per 10 grams and 22-carat gold at ₹1,12,374 per 10 grams as of 9:40 am. Silver (999 Fine) was priced at ₹1,46,380 per kg.
Analysts suggest that a stronger dollar index and improved global risk sentiment weighed on the bullion market, prompting profit booking among investors who had seen record highs earlier this month.
How gold has performed over the years
Gold has been one of the most resilient assets in India’s investment portfolio. Over the past two decades, prices have surged nearly 1,200% — from ₹7,638 per 10 grams in 2005 to over ₹1,25,000 in 2025 (till September).
The yellow metal delivered positive returns in 16 of these 20 years, cementing its position as a safe-haven asset amid inflationary pressures and market uncertainty. Year-to-date (YTD), gold prices have risen 56%, ranking it among 2025’s top-performing asset classes.
Gold and silver rates across major cities
Retail gold and silver prices vary across cities based on logistics, demand, and local taxes. Jewellers may also add making charges, GST, and other levies to the final bill.
Mumbai
- Gold bullion rate — ₹1,21,960/10 gm
- MCX Gold rate — ₹1,21,868/10 gm
- Silver bullion rate — ₹1,45,540/kg
- MCX Silver 999 rate — ₹1,45,438/kg
Pune
- Gold bullion rate — ₹1,21,960/10 gm
- MCX Gold rate — ₹1,21,868/10 gm
- Silver bullion rate — ₹1,45,540/kg
- MCX Silver rate — ₹1,45,438/kg
Delhi
- Gold bullion rate — ₹1,21,790/10 gm
- MCX Gold rate — ₹1,21,868/10 gm
- Silver bullion rate — ₹1,45,330/kg
- MCX Silver 999 rate — ₹1,45,438/kg
Kolkata
- Gold bullion rate — ₹1,21,840/10 gm
- MCX Gold rate — ₹1,21,868/10 gm
- Silver bullion rate — ₹1,45,390/kg
- MCX Silver 999 rate — ₹1,45,438/kg
Ahmedabad
- Gold bullion rate — ₹1,22,160/10 gm
- MCX Gold rate — ₹1,21,868/10 gm
- Silver bullion rate — ₹1,45,770/kg
- MCX Silver 999 rate — ₹1,45,438/kg
Bengaluru
- Gold bullion rate — ₹1,22,180/10 gm
- MCX Gold rate — ₹1,21,868/10 gm
- Silver bullion rate — ₹1,45,930/kg
- MCX Silver 999 rate — ₹1,45,438/kg
Hyderabad
- Gold bullion rate — ₹1,22,280/10 gm
- MCX Gold rate — ₹1,21,868/10 gm
- Silver bullion rate — ₹1,46,050/kg
- MCX Silver 999 rate — ₹1,45,438/kg
Chennai
- Gold bullion rate — ₹1,22,440/10 gm
- MCX Gold rate — ₹1,21,868/10 gm
- Silver bullion rate — ₹1,46,240/kg
- MCX Silver 999 rate — ₹1,45,438/kg
Outlook and investor advisory
Market experts note that bullion prices may remain range-bound in the near term as global investors await key economic data and central bank commentary. However, any geopolitical or macroeconomic shock could once again drive safe-haven demand for gold.
Investors are advised to track the dollar’s movement, US Treasury yields, and crude oil trends — all of which tend to influence precious metal prices.
Disclaimer: This article is for educational purposes only. The views expressed are those of analysts and not of Mint. Investors should consult certified financial experts before making investment decisions