Gold prices declined on Tuesday, October 27, 2026, giving prospective jewellery buyers a reason to check the latest market rates ahead of Karwa Chauth. The festival will be celebrated on October 29, and gold jewellery purchases are often part of the festive preparations.
Gold futures on the Multi Commodity Exchange (MCX) recorded a decline, while international gold and silver prices also moved lower. However, rates vary by city, and buyers should check local prices before visiting a jewellery store.
Gold and Silver Prices Fall in International Markets
On October 27, gold and silver prices declined on the international commodity market, COMEX. At around 9:00 AM, gold was trading at $4,019.90 per ounce, down 0.46%.
Silver prices also fell, dropping 1.37% to $53.595 per ounce. These movements reflected a downward trend in both precious metals during the reported trading period.
MCX Gold Rate Today: Latest Market Update
Gold futures on MCX also traded lower on October 27. At 10:38 AM, the December-delivery gold contract had fallen by ₹283 to ₹1,42,790 per 10 grams.
Silver prices declined by ₹2,030 to ₹1,93,814 per kilogram during the same reported period.
Earlier in the session, the 24-carat gold futures price was reported at ₹1,42,900 per 10 grams, down 0.12% or ₹173 from the previous close of ₹1,43,073. These figures refer to different reported points during trading.
City-Wise Gold Rates Today
The following rates are for 10 grams of gold, as listed in the source information.
| City | 24-carat gold | 22-carat gold | 18-carat gold |
|---|---|---|---|
| Delhi | ₹1,43,440 | ₹1,31,500 | ₹1,07,620 |
| Mumbai | ₹1,43,290 | ₹1,31,350 | ₹1,07,570 |
| Kolkata | ₹1,43,290 | ₹1,31,350 | ₹1,07,570 |
| Chennai | ₹1,43,290 | ₹1,31,350 | ₹1,07,570 |
| Patna | ₹1,43,340 | ₹1,31,400 | ₹1,07,620 |
| Lucknow | ₹1,43,340 | ₹1,31,400 | ₹1,07,620 |
| Meerut | ₹1,43,340 | ₹1,31,400 | ₹1,07,620 |
| Ayodhya | ₹1,43,340 | ₹1,31,400 | ₹1,07,620 |
| Kanpur | ₹1,43,340 | ₹1,31,400 | ₹1,07,620 |
| Prayagraj | ₹1,43,340 | ₹1,31,400 | ₹1,07,620 |
| Varanasi | ₹1,43,340 | ₹1,31,400 | ₹1,07,620 |
| Ghaziabad | ₹1,43,340 | ₹1,31,400 | ₹1,07,620 |
| Noida | ₹1,43,340 | ₹1,31,400 | ₹1,07,620 |
| Gurugram | ₹1,43,340 | ₹1,31,400 | ₹1,07,620 |
| Chandigarh | ₹1,43,340 | ₹1,31,400 | ₹1,07,620 |
| Jaipur | ₹1,43,340 | ₹1,31,400 | ₹1,07,620 |
What Should Buyers Check Before Purchasing Gold?
With Karwa Chauth approaching, customers planning to buy jewellery should confirm the latest rate with local jewellers before making a purchase. Gold prices can change during the trading day, and the final jewellery bill may differ from the listed market rate.
Checking the price for the required purity—24-carat, 22-carat or 18-carat—is important when comparing jewellery options.
Disclaimer: This article is for general informational purposes only. Gold and silver prices fluctuate and may vary by city, seller and time of purchase. The rates listed above are reproduced from the supplied information and may not reflect live prices. Please verify current rates with a trusted jeweller or authorised market source before making a purchase.