Gold Silver Price Today, October 29, 2026: Gold and silver prices showed mixed movement in Delhi's bullion market on Thursday. While silver became more expensive by ₹500 per kilogram, gold prices remained unchanged amid cautious buying by jewellers and retail customers.

According to the latest bullion market report, silver closed at ₹1,98,500 per kilogram in Delhi, compared with ₹1,98,000 in the previous session.

Meanwhile, gold remained steady at approximately ₹1,46,000 per 10 grams.

The domestic market showed a different trend from international bullion trading, where both precious metals faced downward pressure.

Market analysts believe that elevated prices, global monetary policy expectations and cautious physical demand are influencing gold and silver trading.

Here is a detailed look at the latest prices and the factors affecting the bullion market.

Gold and Silver Prices in Delhi on October 29

The Delhi bullion market recorded a modest increase in silver prices, while gold remained stable.

Prices are based on the supplied October 29, 2026 Delhi bullion market report. The source does not specify the gold purity or all applicable quotation conditions.

Silver registered a gain of approximately 0.25% from its previous reported closing price.

Gold, on the other hand, showed no movement despite fluctuations in global precious metal markets.

These prices are indicative wholesale bullion market quotations and should not be treated as guaranteed retail jewellery prices.

Why Did Silver Prices Rise by ₹500?

Silver gained ₹500 per kilogram in the Delhi bullion market on October 29.

The increase came despite weakness in international precious metal prices.

Domestic silver prices can be influenced by several factors, including local buying activity, industrial demand, inventory levels and currency movements.

Unlike gold, silver has significant industrial applications in addition to its use in jewellery and investment products.

This makes its price sensitive to developments in manufacturing, electronics and other industrial sectors.

However, the supplied market report does not identify one specific factor responsible for Thursday's ₹500 increase.

The price movement therefore should not be attributed solely to festive demand or industrial buying without additional evidence.

Gold Price Today: Why Did Rates Remain Unchanged?

Gold prices in Delhi remained around ₹1.46 lakh per 10 grams.

Market participants reportedly remained cautious because of the high prevailing price levels.

When gold becomes expensive, some jewellery buyers may delay purchases or choose smaller quantities.

Retailers and jewellers may also manage inventory more carefully when international market signals are uncertain.

Saumil Gandhi, Senior Commodities Analyst at HDFC Securities, attributed the stable domestic trend to international market conditions, where gold prices were trading within a relatively narrow range.

The limited movement in overseas prices contributed to a quieter session in the domestic bullion market.

International Gold Price Near $4,024 Per Ounce

The report quoted Vedika Narvekar of Anand Rathi Share and Stock Brokers as saying that international gold was trading near $4,024 per troy ounce.

Despite this elevated price level, the international market experienced some weakness.

Global gold prices are affected by several major economic factors.

These include the US dollar, American government bond yields, inflation expectations and the monetary policy outlook of the US Federal Reserve.

Gold generally does not provide regular interest income.

As a result, when interest rates or bond yields rise, interest-bearing investments may become relatively more attractive to some investors.

However, the relationship is not automatic. Gold prices can also rise during periods of high interest rates if geopolitical risks, inflation concerns or other sources of demand are strong.

US Federal Reserve Policy Remains an Important Factor

Expectations surrounding future US Federal Reserve decisions continue to influence the international bullion market.

The supplied report describes a relatively cautious policy outlook, with market participants assessing the possibility of tighter monetary conditions.

A more restrictive monetary policy stance can put pressure on precious metals because it may support the US dollar and influence bond yields.

Conversely, expectations of lower interest rates can sometimes support gold by reducing the opportunity cost of holding a non-interest-bearing asset.

Investors should remember that expectations about future Federal Reserve decisions can change quickly as new inflation, employment and economic growth data become available.

The report's suggestion of a possible December interest rate increase is a market expectation, not a confirmed policy decision.

Crude Oil Prices and Inflation Concerns

The supplied report also highlights elevated crude oil prices as an important factor affecting global financial markets.

Brent crude was reported near $114 per barrel on October 29, with oil prices described as remaining above $100 for several weeks.

Higher crude oil prices can increase transportation and production expenses across different sectors.

For countries that import substantial quantities of oil, elevated energy prices may also create inflationary pressure.

Inflation expectations can influence central bank decisions, currency markets and investor demand for gold.

However, the effect on bullion prices is complex.

Gold may benefit from its reputation as a store of value during inflationary periods, but higher interest rates introduced to control inflation can create an opposing influence.

Why Are Gold and Silver Prices Different in Every City?

Gold and silver prices can vary between cities because of transportation costs, local demand, dealer margins and market conditions.

Jewellery prices may also include making charges and applicable taxes.

The purity of gold is another important factor.

For example, 24-karat gold has a higher gold content than 22-karat or 18-karat jewellery.

Therefore, consumers should not directly compare a general bullion quotation with a jewellery shop's final invoice without checking purity, weight and additional charges.

Silver prices may similarly differ depending on the product's purity and whether the purchase involves bullion, coins or jewellery.

Should You Buy Gold or Silver During the Festive Season?

Many Indian households purchase gold and silver during festivals, weddings and other important occasions.

However, buyers should consider their budget and purpose before making a purchase.

For jewellery, it is important to check the purity, making charges and final payable amount.

Consumers purchasing hallmarked gold jewellery should verify the relevant BIS hallmark details, including the HUID where applicable.

Those buying gold or silver primarily for investment should also consider price volatility, transaction costs and their investment horizon.

A single day's price increase or decrease does not reliably predict the direction of future prices.

How to Check Gold and Silver Prices Before Buying

Consumers can compare rates from reputable jewellers and recognised bullion market sources.

They can also refer to official information from the India Bullion and Jewellers Association and the Multi Commodity Exchange for relevant market data.

Useful websites include:

• India Bullion and Jewellers Association (IBJA)
• Multi Commodity Exchange (MCX)
• Bureau of Indian Standards (BIS)

Consumers should remember that MCX futures prices, bullion association quotations and physical jewellery prices are not necessarily identical.

Gold Silver Price Today: What Is the Latest Update?

The Delhi bullion market recorded mixed trading on October 29, 2026.

Silver increased by ₹500 to ₹1,98,500 per kilogram, while gold remained unchanged at approximately ₹1,46,000 per 10 grams.

International gold was reported near $4,024 per ounce, with market participants monitoring the US Federal Reserve's monetary policy outlook and global economic developments.

Although silver gained in the domestic market, gold buying remained cautious amid elevated prices.

For jewellery buyers and investors, the main takeaway is that silver became slightly more expensive in Delhi, while gold prices remained stable on October 29.

Disclaimer: This article is based on the supplied October 29, 2026 bullion market report. Prices and market commentary have not been independently verified. Actual retail prices may vary according to purity, location, taxes, making charges and dealer margins. This article is for information only and does not constitute investment advice.