Crude oil prices trade under $110/bbl, silver declines ₹2,238/kg, gold down to ₹1.42 lakh/10 grams; check latest rates

Global crude oil prices have witnessed a sharp pullback this week, trading under $110 per barrel (bbl) during the market session on Tuesday, October 27, as commodity traders evaluate the efforts to ease the US-Iran conflict while the latest attacks in Saudi Arabia kept the energy prices elevated.

This comes after the rate witnessed a significant cooldown from the last week’s highs above $117 per bbl levels. However, investors continue to remain cautious about the sentiment for West Asia with energy prices still oil-linked and sensitive to geopolitical developments.

Other commodities and precious metals like gold and silver were also trading lower during the trading session on October 27, with investors awaiting the key monetary policy outcome this week as the US Federal Reserve is set to begin its two-day policy meeting later today.

Oil prices today

Investing.com data showed that the benchmark Brent crude oil January futures were trading 0.83% lower at $109.82 per bbl on October 27, in contrast to $110.74 per bbl at the previous market close.

While the December futures for Brent were trading 0.87% lower at around $114.80 per bbl on Tuesday’s market, in comparison to $115.81 per bbl at the previous commodity market close, as per the data.

Despite the sharp pullback, crude oil prices were up around 5% in the last one-week period, and more than 8% in the last one-month period. The energy rates have increased 29% in the last three month basis.

In India, crude oil prices (Indian Basket) were at around $123.29 per barrel as of last week ended Friday, October 23, 2026.

In the futures market, the MCX crude oil rates were down 1.03% at ₹9,623 per barrel on October 27, in comparison to ₹9,723 per barrel at the previous commodity market close, according to the exchange data.

Latest media reports suggest that investors remained focused on the hopes of a breakthrough between the United States and Iran amid Houthi attacks on Saudi Arabia’s East-West crude pipeline and Riyadh airport.

Gold & Silver prices today

Data collected from the Multi-Commodity Exchange (MCX) showed that the silver futures prices have declined by ₹2,238 per kilogram (kg) to hit an early market low of ₹1,93,555 per kg on Tuesday’s market, compared to ₹1,95,793 per kg at the previous market close.

As of 9:27 am (IST), the silver futures were down 0.59% or ₹1,149 per kg, hovering around ₹1,94,644 per kg on October 27, in comparison to the previous market close levels, as per the exchange data.

Precious metal gold futures rates also declined by ₹492 per 10 grams after Tuesday’s opening bell to hit a low of ₹1,42,581 per 10 grams, in contrast to ₹1,43,073 per 10 grams at the previous market close.

As of 9:27 am (IST), gold futures were down 0.17% or ₹242 per 10 grams, trading at ₹1,42,831 per 10 grams, in comparison to the previous commodity market close levels, according to the exchange data.

Reports suggest that the spot 24-karat gold prices in Delhi were at ₹1,43,020 per 10 grams, while the spot silver 999 Fine prices were at ₹1,95,720 per kilogram.

This comes at a time when the Indian Rupee is trading 0.04% weaker against the US dollar on Tuesday, at ₹95.22 per dollar in comparison to the previous currency market close level of ₹95.175 per dollar, as per TradingView data.

Metal prices

Other important commodities like copper and zinc prices were trading higher on Tuesday’s market, while Aluminium rates were down as of the morning market hours, according to MCX data.

MCX copper prices were up 0.44% at ₹1,392.20 per kilogram, in comparison to ₹1,386 per kilogram at the previous market close. The MCX zinc rates were also trading higher, up 0.23% at ₹413.60 per kg, from ₹412.65 per kg at the previous close.

In contrast, Aluminium futures on MCX were trading 0.29% lower at ₹326.60 per kg on October 27, in comparison to ₹327.55 per kg at the previous market close. This pullback comes after the rates gained on Monday’s trading session due to high demand for the commodity among traders.