Gold Rate in India,Oct 26: 24K,22K,18K Prices Pause On Sunday After Major Weekly Fall; Silver Stable

Yellow metal rates this week stayed mostly on the downside and fell for seven straight sessions. On Sunday, gold rates in India are taking a breather, with no major movement recorded in early trade. Both the pure and standard gold fell from the record high levels in the bullion market.

Traditionally, the months of October & November,ber observe strong gold and jewellery demand due to the festive & the wedding season. This demand pushes the gold prices up higher, but the recent drop in gold rate in India brought some relief to buyers who were postponing big jewellery purchases.

In the international gold market, spot gold is also under pressure as it pared its recent gains following a profit-booking session. Currently, spot gold prices are trading around USD 4,100 per ounce, slipping 3% last week.

Gold Rate in India Today

Since there is no movement in gold prices On October 26th, 22-carat gold rates in India are currently steady at Rs.1,15,150 per 10 grams, while the 24-carat gold rates are at Rs. 1,25,620 per 10 grams. Just like that, 18-carat gold rates in India were stable at Rs. 94,220 per 10 grams.

Similarly, 100 grams of 24-carat gold rates are now priced at Rs 12,56,200, while the 22-carat gold today costs Rs 11,51,500

Silver Rate in India Today

The silver rate in India today also observed no rise or fall and remained steady at yesterday's performance. Currently, 1 kg of silver costs Rs 1,55,000 while 100 g costs Rs 15,500.

Gold Price Outlook Ahead

"We expect precious metals prices on Indian bourses to trade range bound to higher; as gold prices are on track for its biggest weekly climb in a month as a slew of US tariffs came into effect and as President Donald Trump named a temporary Federal Reserve governor expected to echo his calls for lower interest rates. Bullion typically benefits in a lower rate environment. The precious metal has climbed 30% this year, though the bulk of those gains occurred in the first four months as geopolitical and trade tensions rattled the market." As per Nirmag Securities.

MCX Gold Futures and Silver Futures Prices

At the end of trading on Friday, 24th october gold & silver futures on the Multi Commodity Exchange settled higher. Gold futures prices on the MCX, maturing on December 5th, closed at Rs. 1,23,255 per 10 grams, down 0.16%. Similarly, silver futures expiring on December 5th settled at Rs 1,47,150, which rose by 0.22%.

Spot Gold Prices & Spot Silver Price

According to goldprice.org, spot gold is currently at $4113.48, down by 0.39%, while spot silver is priced at $48.6, down by 0.72%.

City-Wise Gold Rates Today

Gold rates in several major metropolitan cities in India, such as Chennai, Mumbai, Bangalore, and Hyderabad, observed no rise or fall. Here's the latest city-wise update on 22-carat and 24-carat gold rates as of October 26

Gold Rates in Chennai

Gold Rates In Bangalore

Gold Rates in Hyderabad

Gold Rates In Mumbai

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