Gold, silver rates today, October 26: Prices rebound after last week's fall; Check rates in Delhi, Mumbai, Chennai and other cities

Gold and silver prices rose in futures trade on Monday, supported by firm spot demand and a positive global trend, offering some relief after last week's sharp decline.

In international markets, gold futures rose 0.47 per cent to USD 4,014.81 per ounce.

Silver futures for December delivery climbed ₹931, or 0.48 per cent, to Rs 1,96,650 per kg on the MCX, with a turnover of 1,622 lots.

In the overseas market, silver futures advanced 0.70 per cent to USD 54.26 per ounce.

Retail gold and silver rates

24-carat gold was priced at Rs 1,42,730 per 10 grams, while 22-carat gold stood at Rs 1,30,850 per 10 grams.

Gold rates in major cities

Silver rates in major cities - (100gram)

Dhanteras 2026: What the WGC says about festive gold demand

In its India gold market update published on October 20, Kavita Chacko, Research Head for India at the WGC, said: “Seasonal gold demand is gaining traction as the market enters the key festive and wedding period.”

The report said a recent moderation in gold prices had supported seasonal demand, with jewellers reporting improved store footfall and manufacturers seeing healthy order flows as retailers replenished inventories.

However, elevated gold prices could continue to limit jewellery volumes, even as festive and wedding-related purchases support the market.

What could move gold and silver prices next?

Despite Monday's recovery, precious metals remain under pressure following last week's decline. Investors will watch the US Federal Reserve's policy decision and commentary, inflation indicators, crude oil prices, the dollar and bond yields for further direction.

For Indian buyers, movements in international bullion prices and the rupee-dollar exchange rate will also affect domestic prices. Festive demand could provide support, but high prices may continue to influence the quantity of jewellery consumers purchase.

The US midterm elections are another factor to monitor, rather than a standalone signal for the direction of gold. The eventual market response will depend on how policy developments affect interest rates, currencies, geopolitical risks and investor demand.