India's Gold Prices Slip Ahead of Diwali as Fed Decision Looms

India's Gold Prices Slip Ahead of Diwali as Fed Decision Looms

NDTV Profit reported that India's 24-carat gold price slipped to about Rs 1. 43 lakh per 10 grams on 28 October, as investors watched the U. S. Federal Reserve's pending rate decision ahead of the Diwali festival. The decline follows a week-long slide that saw gold futures on the MCX fall to Rs 1.

42 lakh per 10 grams on 23 October, a drop of more than 21 % from the January 2026 peak, according to Livemint. Earlier in the week, the India Bullion and Jewellers Association noted prices of 24-carat gold and silver falling to Rs 1. 42 lakh and Rs 1. 94 lakh per kilogram respectively. On 26 October, domestic gold and silver rates rose modestly in major cities while international spot gold slipped below $4,000, and on 27 October silver on the MCX dropped more than 2 % as a stronger dollar and mixed Fed signals pressured precious metals.

Actors

Multi Commodity Exchange of India Ponmudi R Enrich Money Aamir Makda Choice Broking

Locations

India United States China Middle East

Articles

October 28, 2026
1 total
Gold Prices Slip Ahead of Diwali Amid Fed Rate Outlook
Gold Prices Slip Ahead of Diwali Amid Fed Rate Outlook

NDTV Profit • 28 Oct 06:49

India's gold price has fallen about 20% from its January peak and is trading near Rs 1.43  lakh per 10 grams as investors watch the U.S. Federal Reserve's upcoming decision.

Credibility 72% Manip. 8% Center
October 27, 2026
1 total
Silver prices slide over 2% on MCX amid strong dollar and Fed uncertainty
Silver prices slide over 2% on MCX amid strong dollar and Fed uncertainty

Livemint • 27 Oct 08:44

Silver on India's MCX fell more than 2% as a firmer US dollar and mixed signals from the Federal Reserve weighed on precious metals, with analysts pointing to ₹1.90 lakh per kg as a key support level.

Credibility 72% Manip. 9% Center
October 26, 2026
1 total
Gold and silver prices rise modestly in India on October 26
Gold and silver prices rise modestly in India on October 26

Livemint • 26 Oct 04:02

Domestic gold and silver rates in major Indian cities increased on Monday, while international spot gold fell below $4,000 amid inflation concerns.

Credibility 72% Manip. 8% Center
October 25, 2026
1 total
Gold Prices Slip Over 21% From Record High as Inflation and Oil Prices Pressure Market
Gold Prices Slip Over 21% From Record High as Inflation and Oil Prices Pressure Market

Livemint • 25 Oct 07:48

Gold futures on the MCX fell to ₹1,42,024 per 10 grams, a 21.43% drop from the January 2026 peak, amid higher crude prices, US inflation concerns and reduced investor demand.

Credibility 72% Manip. 9% Center
October 24, 2026
1 total
India's 24-carat gold and silver prices drop this week
India's 24-carat gold and silver prices drop this week

Bhaskar English • 24 Oct 06:19

The India Bullion and Jewellers Association reported that 10-gram 24-carat gold fell to ₹1.42 lakh and silver to ₹1.94 lakh per kilogram, reflecting a broader market decline.

Credibility 68% Manip. 25% Center