Gold and silver prices in India fell, even as globally they edged higher, as safe-haven demand for the precious metals dipped due to progress on a US-China trade deal and the likelihood of an end to US government shutdown in the coming days. A Fed rate cut seems priced in.
At 3:00 pm on 28 October 2025, MCX gold rate in India fell as much as 2.31% to ₹1,18,167 per 10 gm. MCX silver rate in India decreased 2.14% to ₹1,40,302 per kg. Globally, spot gold prices reclaimed the $4,000 mark.
The MCX technical glitch had halted gold and silver futures today.
“While gold continues to make lower lows and futures volumes remain elevated on down days, calling the bottom is a tough ask,” Chris Weston, head of research at Pepperstone Group Ltd., said in a note. “For now, it makes more sense to let others do the hard work and tactically buy a rip after the dip.”
Here’s a look at how gold and silver prices are moving in New Delhi, Mumbai, Bengaluru, Chennai, Kolkata, Ahmedabad, Hyderabad, Pune, Jaipur and Kerala today (28 October 2025).
Gold has pulled back decisively from a record above $4,380 an ounce last Monday following a blistering rally, indicating that the yellow metal may have been overbought. It’s still up more than 50% this year.
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