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Gold prices dipped post Diwali, with 24-carat gold at Rs 1,23,270 per 10g in Mumbai and silver at Rs 1,54,900 per kg.
Gold And Silver Price Today
Gold and Silver Rates Today, October 28: Gold prices extended the loss rally on Tuesday amid the correction phase post Diwali festival after the record rally. In Mumbai, the price of 24-carat gold stood at Rs 1,23,270 per 10 grams, while 22k gold was available at Rs 1,12,990 per 10 grams.
Silver also saw a marginal fall to trade at Rs 1,54,900 per kg.
Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures said in today’s market environment, investors should keep in mind that 24-karat gold is currently available at approximately. Following a prolonged bull run in the early part of the year, the price has turned downwards.
“This indicates profit-booking and a strong US dollar in addition to expectations of a US-China trade agreement. In terms of investments, even though gold remains a safe-haven asset, its short-term bias seems guarded. Demand is consistent, but the momentum has eased, so investors should rather wait for more definite signs before turning towards investing,” Kamboj added.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On October 28?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,13,140 | Rs 1,23,420 |
| Jaipur | Rs 1,13,140 | Rs 1,23,420 |
| Ahmedabad | Rs 1,13,040 | Rs 1,23,320 |
| Pune | Rs 1,13,040 | Rs 1,23,320 |
| Mumbai | Rs 1,12,990 | Rs 1,23,270 |
| Hyderabad | Rs 1,12,990 | Rs 1,23,270 |
| Chennai | Rs 1,12,990 | Rs 1,23,270 |
| Bengaluru | Rs 1,12,990 | Rs 1,23,270 |
| Kolkata | Rs 1,12,990 | Rs 1,23,270 |
International Gold Prices Today
In the international market, US spot gold lost almost 0.33% after the crash to trade at $3,991 per ounce as of 9:20 IST.
Silver traded flat at USD 46.02 per ounce.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
October 28, 2025, 09:35 IST
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