Gold Rates Today Climbed Most In 10 Days By Rs 5,400; 24K, 22K, 18K Gold Prices In Chennai, Mumbai, Cities

Gold rates in India today witnessed its biggest single-day hike in 10 days. On October 27, the 24-carat gold price surged by at least Rs 5,400 across major cities despite spot gold and MCX gold trading cautiously ahead of the US Federal Reserve's policy decision the next day. The physical gold demand is expected to steady prices during the Dhanteras and Diwali festivals. Apart from that, the Fed rates, dollar and treasury yield movement will determine sentiments in the bullion.

Gold Rates In India Today:

On October 27, the 24-carat gold price advanced by Rs 5,400 in 100 grams, higher by Rs 540 in 10 grams, while up by Rs 432 and Rs 54 in 8 grams and 1 gram.

Additionally, the 22-carat gold price jumped by Rs 5,000 in 100 grams and gained Rs 500 in 10 grams, while it surged by Rs 400 and Rs 50 in 8 grams and 1 gram. Meanwhile, the 18-carat gold price rises by Rs 5,100 in 100 grams, up by Rs 510 in 10 grams, surged by Rs 408 in 8 grams and is up by Rs 51 in 1 gram.

Today, the 8 grams gold price stood at Rs 1,14,290 in 24-carat, at Rs 1,05,080 in 22-carat and at Rs 86,056 in 18-carat.

The latest update comes after gold prices surged up to Rs 1,700 on October 26. Prices were unchanged on October 25 but up by up to Rs 1,000 on October 24th. Gold prices have been broadly either down or unchanged from October 20th to 23rd. Prior to this, gold was up by Rs 3,800 in 100 grams of 24-carat on October 19 and flat on October 18.

Hence, the October 27th surge in gold prices is the highest in 10 days.

Gold Weight	24K Gold	22K Gold	18K Gold
1 gram	₹14,329 (+54)	₹13,135 (+50)	₹10,757 (+51)
8 grams	₹1,14,632 (+432)	₹1,05,080 (+400)	₹86,056 (+408)
10 grams	₹1,43,290 (+540)	₹1,31,350 (+500)	₹1,07,570 (+510)
100 grams	₹14,32,900 (+5,400)	₹13,13,500 (+5,000)	₹10,75,700 (+5,100)

Gold Rates In Chennai + Gold Rates In Mumbai + Gold Rates In Hyderabad + Gold Rates In Bangalore:

In these cities, 24-carat, 22-carat and 18-carat gold prices are same. On Tuesday, 24-carat gold prices stood at Rs 14,329 per 1 gram, at Rs 1,43,290 per 10 grams and at Rs 14,32,900 per 100 grams. Meanwhile, 22-carat gold prices were at Rs 13,135 per 1 gram, at Rs 1,31,350 per 10 grams and at Rs 13,13,500 per 100 grams.

Meanwhile, 18-carat gold price is at Rs 10,757 per 1 gram, at Rs 1,07,570 per 10 grams and at Rs 10,75,700 per 100 grams.

Gold Rates In Delhi:

Ahead of Dhanteras, gold prices are most expensive in Delhi. 24-carat gold is available at Rs 14,344 per 1 gram, at Rs 1,43,440 per 10 grams and at Rs 14,34,400 per 100 grams,

Here, 22-carat gold is available at Rs 13,150 per 1 gram, at Rs 1,31,500 per 10 grams and at Rs 13,15,000 per 100 grams. Further, 18-carat gold prices are at RS 10,762 per 1 gram, at Rs 1,07,620 per 10 grams and at Rs 10,76,200 per 100 grams.

What Should Investors Do In Gold Ahead?

"Gold and silver futures are attempting to stabilise in India after last week's sharp sell-off, but the recovery remains fragile.Investors are cautious ahead of the US Federal Reserve's policy decision. The dollar and expectations around future interest rates are likely to determine the next move in bullion," said Vikram Subburaj, CEO, Giottus.com.

On the MCX, December gold futures were last reported at Rs 1,43,150 per 10 grams, up 0.05% from the previous close of Rs 1,43,073. The reported trading range was Rs 1,42,086 to Rs 1,43,363. December silver futures stood at Rs 1,95,900 per kg, up 0.05% from the previous close of Rs 1,95,793. Silver traded between Rs 1,92,510 and Rs 1,97,186.

On the global front, spot gold was down 0.1% at $4,013.70 an ounce in early Asian trading on October 27, while US December gold futures fell 0.3% to $4,027.10. Spot silver edged up 0.1% to $53.97 an ounce. A stronger US dollar is limiting gold's recovery as investors await the Federal Reserve's policy decision and fresh US inflation data.

For domestic investors, Subburaj said, gold needs to hold near Rs 1,42,000 per 10 grams, while a sustained move above Rs 1,43,400 would strengthen its near-term outlook. Silver's immediate support lies around Rs 1,92,500 per kg. A move above Rs 1,97,200 would signal improving momentum.

He also added, the current rebound is modest and does not yet confirm a trend reversal. Investors should monitor fresh MCX prices and global cues, avoid chasing short-term moves and keep position sizes measured amid elevated volatility.

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