On October 27, gold and silver prices declined again on the international commodities market, Comex. Following the recent downward trend, gold fell 0.46% to trade at $4,019.90 per ounce. Silver prices dropped by as much as 1.37%, bringing the metal to $53.595 per ounce.
Prices also weakened in the domestic market. Gold was trading at around ₹1.42 lakh per 10 grams, while silver was trading at approximately ₹1.94 lakh per kilogram.
On the Multi Commodity Exchange (MCX), December delivery gold recorded a decline of ₹500, with the price trading at ₹1,42,768 per 10 grams. Silver prices also fell, declining by ₹2,593 to reach ₹1,93,544 per kilogram.
The downward trend continued as the market opened, with both precious metals registering further losses. According to the rates cited in the market update, 24-carat gold was trading at approximately ₹143,530 per 10 grams, while 22-carat gold stood at around ₹131,569 per 10 grams. The price of 18-carat gold was approximately ₹107,648 per 10 grams. In the bullion market, silver was trading at around ₹196,410 per kilogram.
Gold and silver prices have now fallen to their lowest levels in the past six months. On January 29, 2026, gold reached an all-time high of ₹1.93 lakh per 10 grams. Silver also set a record by climbing to ₹4.20 lakh per kilogram.
Since those record levels, gold has become cheaper by around ₹50,000 per 10 grams, while silver has declined by as much as ₹2,25,000 per kilogram. The latest fall highlights the significant correction in precious metal prices ahead of Diwali, with both international and domestic markets reflecting the ongoing downward movement.
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