After weeks of strong momentum in precious metals, gold and silver prices in India remained stable on Sunday, October 26, according to data from Goodreturns.
The prices showed no change from the previous day, suggesting a pause after the recent post-Diwali correction that cooled an extended rally. The price of 24K gold stayed unchanged at Rs 1,25,620 per 10 grams, while 22K gold and 18K gold were priced at Rs 1,15,150 and Rs 94,220 per 10 grams, respectively. The silver rate also held steady at Rs 1,55,000 per kilogram. Gold Prices Across Major Cities According to data from Goodreturns, gold and silver prices across major Indian cities on October 26 remained largely steady, reflecting stability in the bullion market. In Mumbai, Kolkata, Hyderabad, Bengaluru, Kerala, and Pune, 24K gold was priced at Rs 1,25,620 per 10 grams, while 22K and 18K gold stood at Rs 1,15,150 and Rs 94,220 per 10 grams, respectively. Delhi recorded slightly higher rates at Rs 1,25,770 per 10 grams for 24K gold, Rs 1,15,300 for 22K, and Rs 94,370 for 18K gold. In Chennai, gold prices were quoted at Rs 1,25,450 per 10 grams for 24K, Rs 1,15,000 for 22K, and Rs 96,250 for 18K. Meanwhile, Vadodara and Ahmedabad reported 24K gold at Rs 1,25,670, 22K at Rs 1,15,150, and 18K at Rs 94,270. The highest rates were seen in Jaipur and Lucknow, where 24K gold was priced at Rs 1,25,770 per 10 grams. Global Cues Pressure Precious Metals The stability in domestic bullion prices mirrors a global cooling-off phase. Internationally, gold broke a nine-week winning streak after a sharp pullback from record highs. On Friday, spot gold pared early losses after a softer-than-expected US inflation report, which reinforced hopes of further monetary easing by the US Federal Reserve. Lower interest rates typically support gold prices as the metal does not offer yield. Bond yields also dipped, with traders pricing in the likelihood of two rate cuts before year-end. Earlier this week, spot gold touched an all-time high of $4,381.21 per ounce before slipping over 6 per cent, as investors booked profits and optimism around US–China trade talks reduced safe-haven demand. Silver Tracks Gold’s Decline Silver mirrored the movement in gold, easing 0.6 per cent to $48.65 per ounce, marking a weekly drop of more than 6 per cent. Despite the short-term softness, bullion remains one of the top-performing asset classes this year, supported by geopolitical tensions, central bank purchases, and expectations of US rate cuts.
