Gold prices saw a slight decline in early trading on October 26, 2026, with US gold futures falling to $3,999.10 per ounce. The drop came as higher rate expectations and elevated bond yields continued to weigh on bullion, increasing the opportunity cost of holding non-yielding assets.
Domestically, MCX spot gold closed at Rs 1,41,031 per 10 grams on Friday, October 23, while silver settled at Rs 1,94,170 per kilogram. MCX gold futures for December 4 delivery dipped nearly 0.81 percent to Rs 1,42,150 per 10 grams, and silver declined 1.75 percent to Rs 1,96,100 per kilogram.
Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities, noted that the Federal Reserve’s policy decision next week will be the key trigger for gold’s near-term direction. The rate outlook and policy guidance are expected to shape the precious metal’s trajectory.
The price movements varied across cities, with gold rates fluctuating based on local demand and market conditions. Investors are advised to consult certified experts before making any investment decisions.