Gold Prices Drop Again on October 27
Gold Prices Drop Again on October 27 : Gold prices in India witnessed a fresh dip on Monday, October 27, as a stronger U.S. dollar and optimism over US-China trade relations dampened investor sentiment. On the Multi Commodity Exchange (MCX), gold and silver both saw modest declines during early trading hours.
At 9:32 am, MCX gold December futures slipped 0.78% to ₹1,22,490 per 10 grams, while MCX silver December contracts dropped 1.07% to ₹1,45,898 per kilogram.
According to the Indian Bullion Association (IBA), the 24-carat gold price stood at ₹1,22,590/10 grams, and 22-carat gold was priced at ₹1,12,374/10 grams. Silver (999 fine) was quoted at ₹1,46,380/kg.
Gold Prices Fall Again on October 27
Gold’s Long-Term Performance
Over the past two decades, gold has proven to be a resilient and rewarding asset. Prices have surged over 1,200% — from ₹7,638 in 2005 to around ₹1,25,000 in 2025 (as of September).
Gold has delivered positive returns in 16 of the past 20 years, and a 56% YTD increase in 2025 has further strengthened its reputation as a reliable hedge and one of the best-performing assets of the year.
City-Wise Gold & Silver Prices in India (October 27)
Mumbai
- Gold (24K): ₹1,21,960/10g
- Silver: ₹1,45,540/kg
- MCX Gold: ₹1,21,868/10g
- MCX Silver (999): ₹1,45,438/kg
Pune
- Gold: ₹1,21,960/10g
- Silver: ₹1,45,540/kg
- MCX Gold: ₹1,21,868/10g
New Delhi
- Gold: ₹1,21,790/10g
- Silver: ₹1,45,330/kg
- MCX Gold: ₹1,21,868/10g
Kolkata
- Gold: ₹1,21,840/10g
- Silver: ₹1,45,390/kg
- MCX Gold: ₹1,21,868/10g
Ahmedabad
- Gold: ₹1,22,160/10g
- Silver: ₹1,45,770/kg
- MCX Gold: ₹1,21,868/10g
Bengaluru
- Gold: ₹1,22,180/10g
- Silver: ₹1,45,930/kg
- MCX Gold: ₹1,21,868/10g
Hyderabad
- Gold: ₹1,22,280/10g
- Silver: ₹1,46,050/kg
- MCX Gold: ₹1,21,868/10g
Chennai
- Gold: ₹1,22,440/10g
- Silver: ₹1,46,240/kg
- MCX Gold: ₹1,21,868/10g
Note for Buyers
Retail buyers should remember that final jewelry prices include making charges, taxes, and GST, which can vary depending on the jeweler and city. Always compare rates before purchasing.
Conclusion
As global market sentiment stabilizes and the dollar strengthens, gold may continue to face short-term volatility. However, experts suggest that in the long run, gold remains a strong hedge against inflation and an essential part of a diversified portfolio.
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