Gold Prices Rebound After Major Correction; Investors Watch Fed Rate Decision
After a sharp correction last week where 24-karat gold prices fell nearly ₹70,000 per 100 grams, the yellow metal made a comeback over the weekend. Prices firmed up on Saturday in line with the recovery in global bullion markets. Silver also witnessed a decline last week but continues to hover near record highs.
With trading resuming today (Monday, October 27), investors are expected to closely monitor gold and silver price movements amid anticipation of a US Fed rate cut and ongoing geopolitical tensions.
Current Gold Prices in India
24K Gold: ₹12,562 per gram
22K Gold: ₹11,515 per gram
18K Gold: ₹9,422 per gram
Gold rates in India have surged over 65% in 2025, driven by strong domestic demand, expectations of lower US interest rates, and prolonged economic uncertainty.
Silver Price Update
Silver: ₹155 per gram / ₹1,55,000 per kg
Despite a mild weekly decline, silver remains close to its all-time high, supporting speculation of further gains over the next few weeks.
Market Outlook
Analysts expect high volatility in the bullion market as the US Federal Reserve’s policy decision approaches on Tuesday. Although a rate cut is mostly priced in, traders will focus on the Fed’s commentary on inflation and future guidance.
“Short-term buying has turned selective due to softer demand and global uncertainty. But with the wedding season ahead, gold remains a strong long-term investment option,” said Aksha Kamboj, Vice President, IBJA and Executive Chairperson, Aspect Global Ventures.
