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- Gold Price Today (28 October 2025); What is the price of gold and silver today? Business News
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There is a fall in the prices of gold and silver today i.e. on 28th October. According to India Bullion and Jewelers Association (IBJA), the price of gold has fallen by Rs 1,913 to ₹ 1,19,164. Earlier its price was Rs 1,21,077 per 10 grams. At the same time, silver fell by Rs 1,631 to ₹ 1,43,400 per kg. Yesterday its price was ₹1,45,031 per kg.
IBJA gold prices do not include 3% GST, making charges and jewelers margin. Therefore the rates of cities are different from this. RBI uses these rates to decide the rates of Sovereign Gold Bond. Many banks use it to decide the rates of gold loan.
Gold price according to carat
| carat | Price (Rs/10 grams) |
| 24 | ₹1,19,164 |
| 22 | ₹1,09,154 |
| 18 | ₹89,373 |
| 14 | ₹69,711 |
Source: IBJA (October 28, 2025)
Gold price in big cities of the country
| City | 10 grams 24 carat | 10 grams 22 carat |
| Delhi | ₹1,22,610 | ₹1,12,350 |
| Mumbai | ₹1,22,460 | ₹1,12,250 |
| Kolkata | ₹1,22,460 | ₹1,12,250 |
| Chennai | ₹1,23,280 | ₹1,13,000 |
| Jaipur | ₹1,22,610 | ₹1,12,350 |
| Bhopal | ₹1,22,510 | ₹1,12,250 |
| Patna | ₹1,22,510 | ₹1,12,250 |
| Lucknow | ₹1,22,610 | ₹1,12,350 |
| Raipur | ₹1,22,460 | ₹1,12,250 |
| Ahmedabad | ₹1,22,510 | ₹1,12,250 |
Source: goodreturns (October 28, 2025)
Gold became cheaper by Rs 10,420 in 8 days The price of gold has fallen by Rs 10,420 in the last 8 days to Rs 1,19,164 per 10 grams today. On October 19, its price had reached its highest ever level of Rs 1,29,584. Whereas silver has fallen from Rs 1,69,230 per kg to Rs 1,43,400.
3 reasons for the fall in gold and silver prices
- End of seasonal buying in India: After festivals like Diwali, the process of purchasing gold and silver stopped in India. Due to this the demand for gold and silver has decreased.
- Reduction in global tension: Gold and silver are considered ‘safe-haven’, that is, people buy them in difficult times. It has declined due to reduction in global tension.
- Profit-Taking and Overbought Signals: Investors are booking profits after the rally. Technical indicators such as the Relative Strength Index (RSI) were showing that prices had reached the overbought zone. Therefore, trend followers and dealers have started selling.
This year gold is ₹43,002 and silver is ₹69,014 became expensive
- So far this year, the price of gold has increased by Rs 43,002. On December 31, 2024, the price of 10 grams of 24 carat gold was Rs 76,162, which has now become Rs 1,19,164.
- The price of silver has also increased by Rs 57,383 during this period. On December 31, 2024, the price of one kg silver was Rs 86,017, which has now become Rs 1,43,400 per kg.
Keep these 2 things in mind while buying gold
1. Buy only certified gold: Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). This number can be alphanumeric i.e. something like this – AZ4524. Hallmarking shows how many carats the gold is.
2. Price Cross Check: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (such as the website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat.
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