Business & Finance

India’s Gold Prices Rise on October 27, 2026

By Aanya Mehta

Gold prices in India on October 27, 2026 were reported by Good Returns as Rs 14,329 per gram for 24‑carat gold, Rs 13,135 per gram for 22‑carat gold and Rs 10,757 per gram for 18‑carat gold. The 24‑carat price increased by Rs 54 from October 26, while the 22‑carat and 18‑carat prices rose by Rs 50 and Rs 51 respectively. Vikram Subburaj, CEO of Giottus.com, said that gold and silver futures are attempting to stabilise after last week’s sharp sell‑off, but the recovery remains fragile. He noted that investors are cautious ahead of the U.S. Federal Reserve’s policy decision and that the dollar and expectations around future interest rates are likely to determine the next move in bullion. Subburaj added that on the MCX, December gold futures were last reported at Rs 1,43,150 per 10 grams, up 0.05% from the previous close of Rs 1,43,073, trading between Rs 1,42,086 and Rs 1,43,363. December silver futures stood at Rs 1,95,900 per kilogram, up 0.05% from the previous close of Rs 1,95,793, trading between Rs 1,92,510 and Rs 1,97,186. In West Asia, Al Jazeera reported that tensions in the Gulf remain high as Tehran accuses Washington of stalling negotiations, while maritime security threats continue after a vessel fire off Iraq’s coast near al‑Faw. Senior officials from the Mecca Alliance—Saudi Arabia, Pakistan and Türkiye—met with Iranian leadership in Tehran to advance peace talks. Omani Foreign Minister Badr Albusaidi said at the University of Cambridge that lasting Gulf stability requires Iran’s inclusion and urged regional nations to take full ownership of their security framework. U.S. and Iran tensions escalated after joint U.S.–Israeli military strikes on February 28, 2026, which killed Supreme Leader Ali Khamenei. A Pakistan‑mediated interim agreement was reached in June 2026 but collapsed the following month, leaving both countries involved in maritime confrontations and diplomatic deadlock over Iran’s nuclear programme and broader regional security concerns.