What happened
Retail gold prices in India’s major cities hovered around ₹1.43 lakh per 10 grams for 24-karat gold on 27 October 2026, according to Mint. Prices vary slightly from city to city because of local taxes and dealer margins.
On the Multi Commodity Exchange (MCX), gold futures for December delivery rose 0.74% to close at ₹1,43,073 per 10 grams on 26 October, NDTV Profit reported. Comex gold, the benchmark traded in New York, fell 0.29% to $4,026.7 per ounce early on 27 October.
City-wise retail rates on 27 October (per 10 grams, Mint)
| City | 24K | 22K | 18K |
|---|---|---|---|
| Mumbai | ₹1,43,270 | ₹1,31,331 | ₹1,07,453 |
| Delhi | ₹1,43,020 | ₹1,31,102 | ₹1,07,265 |
| Bengaluru | ₹1,43,380 | ₹1,31,432 | ₹1,07,535 |
| Kolkata | ₹1,43,080 | ₹1,31,157 | ₹1,07,310 |
| Chennai | ₹1,43,680 | ₹1,31,707 | ₹1,07,760 |
Mint also listed Hyderabad at ₹1,43,490 for 24K and Ahmedabad at ₹1,43,460. Silver (999 fine) was ₹1,96,060 per kg in Mumbai and ₹1,95,720 in Delhi.
BusinessLine, quoting BankBazaar rates, reported different figures. It put 24K gold at ₹13,897 per gram in Delhi, up ₹53, and 22K at ₹13,235 per gram, up ₹50. Rates differ between data providers, so treat these as indicative.
What it means for you
If you plan to buy jewellery, coins or bars, the price you pay depends on your jeweller’s rate, making charges and taxes. Karat shows purity: 24K is the purest, while 22K and 18K are mixed with other metals, so they cost less per gram. Our Gold Jewellery Price Calculator can help you estimate a bill.
Global cues matter too. Mint, citing Bloomberg, said spot gold edged down 0.2% to $4,007.66 an ounce in Singapore on 27 October, while silver slipped 0.1% to $53.90. Traders expected the US Federal Reserve to keep interest rates unchanged at its meeting that week. Lower oil prices and a new round of US-Iran talks had eased some pressure, the report said.
Suki Cooper of Standard Chartered said gold “will need to establish a floor” and that support could fade quickly if it fails to hold $3,886 an ounce. Higher oil prices keep inflation risks in focus, she noted.
Background
Domestic gold prices follow international prices, the rupee and local levies. NDTV Profit reported that on 28 October gold and silver eased in early international trade after gains in the previous session. Domestic futures had ended 27 October up about 0.7% and 0.5% respectively on the MCX.
