Gold prices remained close to the $4,000-per-ounce level on Tuesday, October 27, as market participants awaited the US Federal Reserve’s monetary policy decision expected this week. According to a Bloomberg report, uncertainty over interest rates continues to influence precious metal prices.
Bullion prices had gained around 0.5% in the previous trading session. Meanwhile, lower oil prices and renewed diplomatic discussions between the United States and Iran have eased some market pressure.
At 7:47 AM Singapore time on October 27, spot gold was down 0.2% at $4,007.66 per ounce. Silver slipped 0.1% to $53.90 per ounce, while platinum and palladium showed little movement.
Global Gold Outlook: US Fed Decision in Focus
Investors are closely watching the US Federal Reserve’s upcoming policy announcement for clues about the direction of interest rates and their potential impact on gold.
Suki Cooper, global head of commodities research at Standard Chartered Plc, said gold needs to establish a stable price floor. In a research note, she highlighted inflation risks associated with higher oil prices and the possibility of further interest-rate tightening.
Cooper also identified $3,886 per ounce as an important technical support level, warning that support for gold could weaken if prices fail to hold above that threshold.
Gold and Silver Rates Today in Indian Cities
The following rates were reported for Tuesday, October 27, 2026. Gold prices are listed per 10 grams, while silver prices are given per kilogram.
| City | 24K Gold | 22K Gold | 18K Gold | 999 Fine Silver |
|---|---|---|---|---|
| Mumbai | ₹1,43,270 | ₹1,31,331 | ₹1,07,453 | ₹1,96,060/kg |
| Delhi | ₹1,43,020 | ₹1,31,102 | ₹1,07,265 | ₹1,95,720/kg |
| Bengaluru | ₹1,43,380 | ₹1,31,432 | ₹1,07,535 | ₹1,96,210/kg |
| Kolkata | ₹1,43,080 | ₹1,31,157 | ₹1,07,310 | ₹1,95,800/kg |
| Chennai | ₹1,43,680 | ₹1,31,707 | ₹1,07,760 | ₹1,96,630/kg |
| Hyderabad | ₹1,43,490 | ₹1,31,533 | ₹1,07,618 | ₹1,96,370/kg |
| Ahmedabad | ₹1,43,460 | ₹1,31,505 | ₹1,07,595 | ₹1,96,320/kg |
City-Wise Gold Prices: What Buyers Should Know
Among the cities listed, Chennai recorded the highest reported 24-carat gold rate at ₹1,43,680 per 10 grams. Delhi had the lowest listed 24-carat rate at ₹1,43,020 per 10 grams.
For silver, the reported price ranged from ₹1,95,720 per kilogram in Delhi to ₹1,96,630 per kilogram in Chennai.
These figures provide a snapshot of the reported market rates on October 27. Actual jewellery prices may vary by seller and location, and the final bill may include applicable taxes and making charges.
Disclaimer: This article is for informational and educational purposes only and is based on the supplied market data and reported commentary. Precious metal prices fluctuate and may differ across markets and retailers. The figures listed here have not been independently verified as live rates. Please check current prices with a reliable bullion source or authorised jeweller, and consult a qualified financial adviser before making investment decisions.