Gold Prices in India Decline on October 28, 2025 Amid Weak Global Cues
On October 28, 2025, gold prices in India dropped with 24-carat gold falling by Rs 82 to Rs 12,246 per gram, 22-carat gold by Rs 75 to Rs 11,225 per gram, and 18-carat gold by Rs 62 to Rs 9,184 per gram. The decline is attributed to a stronger U.S. dollar and reduced domestic demand ahead of the festive season despite a global bullion rebound.
Gold prices in India saw a decline on Tuesday, October 28, 2025. The price of 24-carat gold decreased by Rs 82 to Rs 12,246 per gram, 22-carat gold dropped by Rs 75 to Rs 11,225 per gram, and 18-carat gold fell by Rs 62 to Rs 9,184 per gram. Market analysts linked this drop primarily to a firm U.S. dollar and weakened demand in the domestic market as the festive season approaches. Despite global gold prices recovering above $4,000 an ounce after a recent plunge, domestic gold rates continued to soften. Price variations were observed across major Indian cities including Ahmedabad, Mumbai, Delhi, Kolkata, Chennai, and Hyderabad. The market sentiment remains cautious with investors factoring in global economic cues and domestic demand patterns. The information underscores that investments in gold carry market risks and stresses the importance of consulting financial advisors before making investment decisions. This overview aligns with market data observed on the Multi Commodity Exchange (MCX) and regional price listings for India on the specified date.
