Gold Rate In India Today, Oct 26: 24k,22k Gold Prices Recover From Weekly Losses; Check Prices In Your City

Yellow metal prices this morning rose slightly after the back-to-back decline it recorded last week. The 24K, 22K, and 18K gold prices jumped, rebounding from a sharp fall of more than 3.5% over the last seven days.

Despite a bearish trend, gold prices are expected to surge given the demand, which is usually high during the upcoming festivals like Dhanteras and Diwali, and will inject fresh momentum into the market as buyers rush to shops to make their jewellery purchases.

While domestic factors are influencing gold prices in India, global factors are equally important. Internationally, spot gold slipped below $4,000 per ounce for the first time since July this year as investors are cautious ahead of the U.S. Federal Reserve's decision later this week.

According to Trading Economics, "The Middle East conflict has driven energy prices sharply higher this year, fueling inflation concerns and strengthening expectations of higher interest rates, which tend to pressure non-yielding assets such as gold. Meanwhile, the Federal Reserve is widely expected to leave interest rates unchanged this week, before potentially raising them in December."

Gold Rate In India Today, October 26

The 24-carat gold rates in India jumped by Rs. 170 per 10 grams to cost Rs. 1,42,750. The 22-carat gold price stands at Rs. 1,30,850 per 10 grams after a rise of Rs.150. The cheaper variant, 18-carat gold, spiked by Rs.120 to retail at Rs. 1,07,060 per 10 grams.

The bigger weight variant of gold also saw the same spike. 100 grams of 24-carat gold rates now retail at Rs. 14,27,500, and the 22-carat gold rates per 100 grams now cost Rs.13,08,500.

Silver prices in India today

Silver rates in India today are stable after slumping last week. Currently, 1 kg of silver in India costs Rs. 2,20,000. While 100 g of silver rates in India retail at Rs. 22,000.

Gold Prices Target and Outlook This Week

"Gold has historically delivered returns in spurts, with extraordinary rallies followed by periods of consolidation. The current correction should be viewed in this context rather than as a reversal of its long-term investment case." said Ankit Patel, Co-founder & Partner, Arunassets Investment Services Pvt Ltd.

"Gold could consolidate around prevailing levels before beginning its next meaningful upward cycle. While further corrections are possible, sustained central bank demand should provide structural support and reduce the likelihood of a prolonged price collapse. For long-term investors, the present correction offers an attractive opportunity to accumulate gold gradually, with a two-to-three-year investment horizon." he added.

Latest 22-Carat & 24-Carat Gold Rates City-Wise

Below is a city-wise breakdown of the latest 22-carat gold price and 24-carat gold price in major Indian cities on October 26

Gold Price in Chennai

The current 24-carat gold price in Chennai is Rs. 1,42,750 per 10 grams, while the 22-carat gold price in Chennai stands at Rs. 1,30,850 per 10 grams.

Gold Price in Bengaluru

As of today, the 22-carat gold rate in Bengaluru is Rs. 1,30,850 per 10 grams, whereas the 24-carat gold rate in Bengaluru is Rs. 1,42,750 per 10 grams.

Gold Rate in Hyderabad

Gold rates in Hyderabad remain steady, following the national trend. The 22K gold price in Hyderabad is Rs. 1,30,850 per 10 grams, while the 24K gold price in Hyderabad is Rs. 1,42,750 per 10 grams.

Gold Price in Mumbai

Mumbai is seeing a similar spike in the gold rate. The 22-carat gold price in Mumbai is Rs. 1,30,850 per 10 grams, whereas the 24-carat gold price in Mumbai stands at Rs. 1,42,750 per 10 grams.

MCX Gold and Silver Futures Prices Today

On MCX, gold futures maturing on December 5th also experienced a slight jump today, trading at Rs. 1,42,702 per 10 grams after rising by 0.48%. Similarly, silver futures, maturing on December 5th, climbed 0.45% to trade at Rs. 1,96,591 per kg at the time of writing.

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