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Gold Prices Decline on October 28, 2026; Check Rates in Major Cities
Sentiment: NeutralHigh Priority
What Happened?
On October 28, 2026, gold prices fell by 0.4%, with 24K gold priced at ₹14,395 per gram in India. Investors are concerned about inflation due to rising oil prices.
Key points
- Gold opened at ₹1.43 lakh per 10 grams on the Multi Commodity Exchange.
- 24K gold is priced at ₹14,395 per gram, 22K at ₹13,195, and 18K at ₹10,796.
- Major cities like Delhi and Mumbai report similar gold prices.
- The decline is attributed to inflation fears linked to higher oil prices.
- Investors are awaiting the Federal Reserve's policy decision for future rate clues.
Key insights
- The drop in gold prices could lead to increased buying interest among consumers.
- Higher oil prices may continue to influence inflation and gold prices.
- The Federal Reserve's upcoming decision could impact future gold price trends.
Why it matters
The decline in gold prices may affect investors and consumers looking to purchase gold.
Source
Times Now
