After a week of steady decline, gold prices in India remained unchanged on Sunday, October 26. Both 22-carat and 24-carat gold rates paused after falling from their recent record highs. The silver price also stayed stable, offering some relief to investors and jewellery buyers.
Gold Prices Take a Breather
Gold prices fell for seven straight sessions last week, marking one of the sharpest declines in months. The correction brought prices down from record levels, encouraging buyers to return to the market ahead of the festive and wedding season.
On October 26, the 22-carat gold price in India stood at ₹1,15,150 per 10 grams, while 24-carat gold was priced at ₹1,25,620 per 10 grams. The 18-carat gold rate remained at ₹94,220 per 10 grams.
For larger quantities, 100 grams of 24K gold cost ₹12,56,200, and 100 grams of 22K gold were priced at ₹11,51,500.
Silver Prices Hold Steady
Silver prices remained flat compared to Saturday.
Currently, 1 kg of silver costs ₹1,55,000, while 100 grams are priced at ₹15,500.
The stable trend in the bullion market comes after silver also witnessed mild corrections last week.
Global Market Update
In the international market, spot gold traded around USD 4,100 per ounce, down about 3% last week due to profit booking.
Meanwhile, spot silver was priced at USD 48.6 per ounce, slightly lower by 0.72%.
Experts suggest gold may remain range-bound to positive as global trade tensions and U.S. monetary policies continue to influence bullion trends.
MCX Futures Performance
On Friday, MCX gold futures for December 5 delivery closed at ₹1,23,255 per 10 grams, down 0.16%.
Similarly, silver futures expiring the same day settled at ₹1,47,150 per kg, up 0.22%.
Analysts from Nirmag Securities said,
“We expect precious metals to trade in a narrow range with a positive bias. The festive season demand and lower interest rate outlook could support prices in the short term.”
City-Wise Gold Rates in India (Oct 26, 2025)
| City | 22K Gold (₹/10g) | 24K Gold (₹/10g) |
|---|---|---|
| Chennai | 1,15,150 | 1,25,620 |
| Bangalore | 1,15,150 | 1,25,620 |
| Hyderabad | 1,15,150 | 1,25,620 |
| Mumbai | 1,03,040 | 1,25,620 |
Outlook Ahead
Market experts expect gold to remain steady to slightly higher in the coming week. The demand surge during Diwali and wedding purchases could offer short-term price support. However, global cues such as U.S. dollar strength and interest rate trends will continue to drive market direction.
