Gold prices have taken a notable dip on India’s Multi Commodity Exchange (MCX) as of Monday, October 27. The decline comes amid a strengthening dollar and optimistic expectations regarding easing trade tensions between the United States and China. This article delves into the current market situation, historical performance, and regional price variations for gold and silver.
Current Market Overview
On October 27, MCX Gold December futures fell by 0.78%, settling at ₹1,22,490 per 10 grams by 9:32 AM. Similarly, MCX Silver December contracts experienced a decline of 1.07%, priced at ₹1,45,898 per kg. According to the Indian Bullion Association (IBA), 24-carat gold was valued at ₹1,22,590 per 10 grams at 9:40 AM, while 22-carat gold was priced at ₹1,12,374 per 10 grams. Silver prices today stood at ₹1,46,380 per kg for Silver 999 Fine.
Related Reading
For further insights, check out our article on MCX gold price trends.
Historical Performance of Gold
Over the past two decades, gold prices have shown remarkable growth, surging by an impressive 1,200% from ₹7,638 in 2005 to over ₹1,25,000 in 2025 (as of September). This period has seen gold deliver positive returns in 16 out of the last 20 years. Year-to-date (YTD), gold prices have risen by 56%, establishing itself as one of 2025’s top-performing asset classes and a reliable hedge against inflation and economic uncertainty.
Today’s Gold Rates Across Major Cities
It’s essential for retail customers to note that jewellers may add making charges, taxes, and GST to the final bill, which can significantly affect the overall price. Below are the current gold and silver prices in major cities:
Gold and Silver Prices in Mumbai — October 27
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
Gold and Silver Prices in Pune — October 27
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
Gold and Silver Prices in Delhi — October 27
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
Gold and Silver Prices in Kolkata — October 27
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
Gold and Silver Prices in Ahmedabad — October 27
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
Gold and Silver Prices in Bengaluru — October 27
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
Gold and Silver Prices in Hyderabad — October 27
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
Gold and Silver Prices in Chennai — October 27
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
Conclusion
As gold prices continue to fluctuate, influenced by global economic factors, investors and consumers alike should stay informed about market trends. The current dip in prices may present opportunities for buyers, but it’s crucial to consider additional costs that may arise from local jewellers. Always consult with certified experts before making any investment decisions.
Disclaimer
This article is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking companies and do not reflect the opinions of Mint. Always verify with certified experts before making investment decisions.
English 