Gold, silver prices today, 28 October: Check retail rate of 24K, 22K gold, 999 silver in Delhi, Mumbai, Kolkata, Chennai - Livemint

AI desk brief

Gold held steady above $4,000/oz ahead of the Fed’s policy decision, with spot up 0.1% at $4,063.80/oz in Singapore after a 1.1% prior-session gain as dip buyers emerged on expectations the FOMC will hold rates unchanged. Silver was little changed at $54.41/oz, while platinum eased and palladium firmed slightly.

Bloomberg-linked commentary cited support from lower oil prices, Middle East war risk, Chinese household buying, and renewed enthusiasm for AI stocks, but OCBC’s Christopher Wong said near-term risks still favor consolidation. He said gold needs lower oil, softer inflation, and a weaker US dollar and yields to regain more durable upside momentum. Indian retail gold rates were also quoted across major cities, with Mumbai’s 24K gold at ₹144,230/10g and silver 999 at ₹196,690/kg.