Drop in MCX Gold, Silver Rates Today Continue Ahead of Karwa Chauth; Check Latest Retail Gold Prices on 27 Oct

Gold rates today traded marginally lower on the Multi Commodity Exchange (MCX) on Tuesday, October 27, as investors weighed changing crude oil prices, geopolitical developments and expectations ahead of the US Federal Reserve's policy decision. While gold has found some support from bargain-hunting after recently hitting a more than three-month low, uncertainty over inflation and interest rates continues to influence the precious metals market.

Gold Rate Today, October 27, 2026: MCX Gold, Silver Slips Ahead of Karwa Chauth

The movement comes at a crucial time for Indian consumers, with Karwa Chauth just two days away and Dhanteras and Diwali approaching. With festive jewellery purchases and gold buying likely to remain on consumers' radar, the difference between domestic futures prices and retail rates is important to watch. While MCX gold was slightly lower in morning trade, retail gold rates in India recorded an increase on Tuesday, whereas silver prices remained unchanged.

MCX Gold Rate Today: Check Gold Futures Latest Prices

MCX gold futures for delivery on December 4, 2026, were trading at Rs 1,43,024 per 10 grams at 10:12 am IST on Tuesday. The contract was down Rs 49, or 0.03%, from its previous close of Rs 1,43,073.

The contract opened at Rs 1,42,581, indicating that prices moved higher from the opening level before settling near the previous close in early trade. The relatively small decline suggests that gold was consolidating after recent weakness rather than witnessing a sharp sell-off.

Internationally, gold prices hovered around $4,010 an ounce on Tuesday after recently touching a more than three-month low. Bargain-hunting by investors seeking to take advantage of lower prices has offered some support, although uncertainty surrounding the Fed's policy outlook has limited the recovery.

Gold Rate Today in India: Check Latest 24K, 22K and 18K Retail Gold Prices on 27 October 2026

Despite the marginal decline in MCX gold futures, retail gold rates in India increased on Tuesday, October 27. The 24 Karat gold rate rose by Rs 54 per gram, while 22 Karat and 18 Karat gold prices increased by Rs 50 and Rs 51 per gram, respectively.

The latest retail gold rates as per GoodReturns data are as follows:

24 Karat gold: Rs 14,329 per gram, up Rs 54. The price for 10 grams stands at Rs 1,43,290.

22 Karat gold: Rs 13,135 per gram, up Rs 50. The price for 10 grams stands at Rs 1,31,350.

18 Karat gold: Rs 10,757 per gram, up Rs 51. The price for 10 grams stands at Rs 1,07,570.

Silver Rate Today in India: Check Retail & MCX Silver Prices on October 27, 2026

Silver prices faced greater pressure than gold in early trade on Tuesday. MCX silver futures for December 4 delivery were trading at Rs 1,94,300 per kilogram at 10:15 am IST, down Rs 1,493, or 0.76%, from the previous close of Rs 1,95,793.

The contract opened at Rs 1,93,789 per kilogram. International silver prices, meanwhile, steadied near $54 an ounce after recently touching multi-month lows, with bargain-hunting providing some support amid falling crude oil prices and anticipation of the Fed's policy decision.

In the retail market, silver prices remained unchanged on October 27 as per GoodReturns data. Silver was priced at Rs 220 per gram, Rs 2,200 for 10 grams and Rs 2,20,000 per kilogram.

Gold Price Outlook: Fed's Inflation Stance May Keep Yellow Metal Under Pressure

"Gold has slipped below $4,000, nearing a three-month low of $3,975. While markets expect the Fed to hold rates steady on Wednesday, they are pricing in roughly a three-in-four chance of a rate hike in December. Therefore, the tone of the Fed's statement will matter more than the decision itself. A firm stance on inflation could keep gold under pressure," said Daniel Munday, Principal Analyst, VT Markets.

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