Gold and silver prices showed mixed movements on October 28, 2026, as investors monitored international market developments and awaited the latest US Federal Reserve policy decision. After rising in the previous session, both precious metals came under some pressure during early trading.
In India, indicative retail rates around 6:40 a.m. placed 24-karat gold at approximately ₹1,44,490 per 10 grams and silver at ₹1,97,040 per kilogram. Actual prices vary by city, seller, purity and applicable charges.
Today’s Gold and Silver Rates
The latest reported indicative prices for major Indian cities were as follows:
| City | 24K Gold (per 10g) | Silver (per kg) |
|---|---|---|
| Delhi | ₹1,43,980 | ₹1,96,350 |
| Mumbai | ₹1,44,230 | ₹1,96,690 |
| Bengaluru | ₹1,44,340 | ₹1,96,840 |
| Chennai | ₹1,44,650 | ₹1,97,260 |
| Kolkata | ₹1,44,040 | ₹1,96,430 |
| Hyderabad | ₹1,44,460 | ₹1,97,000 |
These are indicative rates reported earlier in the day, not guaranteed live retail prices. Jewellery making charges, taxes and the purity of the metal can affect the final amount paid by buyers.
Why Are Gold and Silver Prices Moving?
International gold and silver prices eased slightly during early trading after gains in the previous session. Market participants were watching the US Federal Reserve’s policy decision for clues about the direction of interest rates.
Expectations surrounding interest rates, movements in the US dollar and broader economic uncertainty can influence demand for precious metals. Changes in international prices can also affect domestic bullion rates, alongside currency movements and local market conditions.
What Should Buyers Check Before Purchasing?
People planning to buy gold or silver should compare the latest rates with established local jewellers before making a purchase. They should also check the metal’s purity, hallmarking details, applicable taxes and making charges.
Because bullion prices can change throughout the trading day, the rates quoted in the morning may differ from those available later. Buyers should confirm the final price with the seller before completing a transaction.
The latest market picture points to some easing after recent gains, but prices remain sensitive to developments in global financial markets.
