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On Tuesday, 28 October 2025, gold prices in India witnessed a slight decline due to global market volatility, a stronger US dollar, and cautious investor sentiment. The domestic bullion market saw a mild weakness compared to Monday’s rates. Meanwhile, trading on the Multi Commodity Exchange (MCX) started late because of a technical glitch, leading to some fluctuation in gold and silver prices during early hours.
Gold Price in India Today (28 October 2025)
Gold prices slipped slightly compared to Monday (27 October). In the retail market, 24-karat gold was priced at ₹12,246 per gram, down by ₹82 from yesterday. 22-karat gold stood at ₹11,225 per gram, a drop of ₹75, while 18-karat gold (999 purity) was priced at ₹9,184 per gram, ₹62 lower than the previous session.
Note: In traditional terms, 10 grams of gold = 1 tola.
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Gold Price Per 10 Grams (28 October 2025)
| Gold Purity | Today’s Price (₹/10g) | Previous Price (₹/10g) | Change |
|---|---|---|---|
| 24 karat | ₹1,22,460 | ₹1,23,280 | - ₹820 |
| 22 karat | ₹1,12,250 | ₹1,13,000 | - ₹750 |
| 18 karat | ₹91,840 | ₹92,460 | - ₹620 |
Gold prices have remained under pressure as global cues remain mixed, and the dollar continues to strengthen. However, analysts expect some price recovery ahead of the festive and wedding season.
Silver Price in India Today (28 October 2025)
Silver prices remained almost stable with minor changes compared to Monday.
- Retail silver rate: ₹154.90 per gram
- Silver price per kilogram: ₹1,54,900 (down by ₹100 from yesterday)
On the MCX (Multi Commodity Exchange), silver futures for December 5, 2025, gained slightly, rising by around ₹100 to ₹1,43,460 per kilogram during morning trade.
MCX Gold & Silver Futures Update (as of 10:11 AM)
- MCX Gold (Dec 5 Futures): ₹1,21,043 per 10 grams (up ₹100+)
- MCX Silver (Dec 5 Futures): ₹1,43,460 per kilogram (up ₹100)
The rise in futures prices indicates mild recovery expectations in the short term.
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City-Wise Gold Price in India (28 October 2025)
Gold rates vary slightly across major Indian cities depending on demand, local taxes, and logistics.
| City | 24K (₹/g) | 22K (₹/g) | 18K (₹/g) |
|---|---|---|---|
| Delhi | 12,342 | 11,314 | 9,260 |
| Mumbai | 12,327 | 11,299 | 9,245 |
| Kolkata | 12,327 | 11,299 | 9,245 |
| Chennai | 12,490 | 11,449 | 9,574 |
| Bangalore | 12,327 | 11,299 | 9,245 |
Among all, Chennai recorded the highest gold price today, while Mumbai and Bangalore showed almost similar rates.
Why Are Gold Prices Falling?
Gold prices are currently under pressure due to:
- A stronger US dollar making gold costlier for international buyers.
- Mixed signals from global markets amid geopolitical tensions.
- Technical disruptions on MCX causing limited trading activity.
However, experts believe that gold may regain strength as the festive season and wedding demand increase in India.
Conclusion
On 28 October 2025, gold and silver prices in India recorded a minor decline amid global uncertainties and a firm US dollar. Despite this temporary fall, market experts expect recovery soon, especially during Diwali and wedding season when demand traditionally peaks.
If you’re planning to buy gold or silver, this dip could be a good opportunity before prices rise again.
Also Read: Gold & Silver Rate Today 23 Oct 2025: Slight Drop on Bhai Dooj
About the Author:
Chirag Pandey
Chirag Pandey – Content & Prompt Writer
I am a skilled content writer with a knack for creating clear, engaging, and research-driven content. With expertise in data science and biotechnology, simplifies complex topics into compelling articles, blogs, news and story.A cricket enthusiast and strategic thinker and, Passionate about storytelling and SEO, I delivers content that informs and captivates readers.
