Gold, Silver prices today on October 27 in India: Gold registered its first weekly drop since dizzying rally that began in early August. The gold rates have crashed across India since the Dhanteras-Diwali surge. In most Indian cities, 24K gold is being sold at around Rs 1.25 lakh. This is a sharp decline from the October 18 levels when 24K gold was being sold for over Rs 1.4 lakh.
| Gold Purity | Price (per 10g) |
|---|---|
| 24K | Rs 1,25,610 |
| 22K | Rs 1,15,140 |
| 18K | Rs 94,210 |
As per latest Bloomberg data, prices of gold in the international bullion have declined as much as 1.3% to near $4,058 per ounce.
The US and China indicated they were close to finalising a broad agreement as President Donald Trump embarked on a diplomatic tour of Asia. The potential deal is expected to ease some of the economic uncertainty and geopolitical tensions that have been driving demand for the precious metal.
| City | 24K Gold (per 1g) | 22K Gold (per 1g) | 18K Gold (per 1g) |
|---|---|---|---|
| Chennai | Rs 12,491 | Rs 11,450 | Rs 9,575 |
| Mumbai | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Delhi | Rs 12,576 | Rs 11,529 | Rs 9,436 |
| Kolkata | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Bangalore | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Hyderabad | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Kerala | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Pune | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Vadodara | Rs 12,566 | Rs 11,514 | Rs 9,426 |
| Ahmedabad | Rs 12,566 | Rs 11,514 | Rs 9,426 |
| Jaipur | Rs 12,576 | Rs 11,529 | Rs 9,436 |
| Lucknow | Rs 12,576 | Rs 11,529 | Rs 9,436 |
| Coimbatore | Rs 12,544 | Rs 11,499 | Rs 9,624 |
| Madurai | Rs 12,544 | Rs 11,499 | Rs 9,624 |
| Vijayawada | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Patna | Rs 12,566 | Rs 11,514 | Rs 9,426 |
| Nagpur | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Chandigarh | Rs 12,576 | Rs 11,529 | Rs 9,436 |
| Surat | Rs 12,566 | Rs 11,514 | Rs 9,426 |
| Bhubaneswar | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Mangalore | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Visakhapatnam | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Nashik | Rs 12,564 | Rs 11,517 | Rs 9,424 |
| Mysore | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Salem | Rs 12,491 | Rs 11,450 | Rs 9,575 |
| Rajkot | Rs 12,566 | Rs 11,514 | Rs 9,426 |
| Trichy | Rs 12,491 | Rs 11,450 | Rs 9,575 |
| Ayodhya | Rs 12,576 | Rs 11,529 | Rs 9,436 |
| Cuttack | Rs 12,561 | Rs 11,514 | Rs 9,421 |
| Davanagere | Rs 12,561 | Rs 11,514 | Rs 9,421 |
After a scorching rally that pushed gold to a record high of just over $4,380 an ounce last Monday, prices have since pulled back amid signs of overbought conditions. Still, bullion remains up nearly 55% for the year, supported by robust central bank purchases and the so-called "debasement trade," where investors steer clear of government bonds and currencies to shield themselves from ballooning fiscal deficits.
Similar to gold, silver is also witnessing a steady decline since Dhanteras. As against the Rs 2 lakh per kg high, the white metal has crashed to Rs 1.55 lakh in several Indian cities.
| City | 1 gram | 10 gram | 100 gram |
|---|---|---|---|
| Chennai | Rs 1,700 | Rs 17,000 | Rs 1,70,000 |
| Mumbai | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Delhi | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Kolkata | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Bangalore | Rs 1,569 | Rs 15,690 | Rs 1,56,900 |
| Hyderabad | Rs 1,699 | Rs 16,990 | Rs 1,69,900 |
| Kerala | Rs 1,699 | Rs 16,990 | Rs 1,69,900 |
| Pune | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Vadodara | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Ahmedabad | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Jaipur | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Lucknow | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Coimbatore | Rs 1,699 | Rs 16,990 | Rs 1,69,900 |
| Madurai | Rs 1,699 | Rs 16,990 | Rs 1,69,900 |
| Vijayawada | Rs 1,699 | Rs 16,990 | Rs 1,69,900 |
| Patna | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Nagpur | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Chandigarh | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Surat | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Bhubaneswar | Rs 1,699 | Rs 16,990 | Rs 1,69,900 |
| Mangalore | Rs 1,569 | Rs 15,690 | Rs 1,56,900 |
| Visakhapatnam | Rs 1,699 | Rs 16,990 | Rs 1,69,900 |
| Nashik | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Mysore | Rs 1,569 | Rs 15,690 | Rs 1,56,900 |
| Salem | Rs 1,699 | Rs 16,990 | Rs 1,69,900 |
| Rajkot | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Trichy | Rs 1,699 | Rs 16,990 | Rs 1,69,900 |
| Ayodhya | Rs 1,549 | Rs 15,490 | Rs 1,54,900 |
| Cuttack | Rs 1,699 | Rs 16,990 | Rs 1,69,900 |
Meanwhile, copper is poised to test a record high as the US and China edge closer to sealing a broad agreement aimed at easing trade tensions - a key overhang on global economic growth.
On the London Metal Exchange, the global benchmark that begins trading at 9 a.m. Shanghai time, prices ended last week just 1.3% below their all-time peak. Reflecting the bullish sentiment, futures in New York climbed as much as 2.4% on Monday, with oil and US equities also moving higher.
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