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Gold slips as oil rises ahead of Fed decision, while silver retreats

All India Bullion’s GST-inclusive counter rates at 21:25 IST on 28 October were Rs 1,44,760 per 10 g for 999 gold and Rs 1,98,190 per kg for 999 silver.

3 min readUpdated 28 Oct 20261 cited source
RCRajesh ChouhanBullion ExpertPublished 28 Oct 2026
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Gold slips as oil rises ahead of Fed decision, while silver retreats
Gold slips as oil rises ahead of Fed decision, while silver retreats

At a glance

All India Bullion’s GST-inclusive counter rates at 21:25 IST on 28 October were Rs 1,44,760 per 10 g for 999 gold and Rs 1,98,190 per kg for 999 silver.

All India Bullion counter rates at 21:25 IST

OUR COUNTER RATE: All India Bullion’s quoted retail rate for 999 gold was Rs 1,44,760 per 10 g, GST included, read at 21:25 IST on 28 October 2026. The 999 silver counter rate was Rs 1,98,190 per kg, GST included, at the same time. These are All India Bullion retail rates, with the retail premium included.

Oil and the Fed decision in focus

Kitco reported gold slipping as oil prices rose ahead of the Fed decision. Its morning report said claims of an attack on a Saudi refinery lifted crude and that silver retreated.

The US Federal Funds Rate announcement and FOMC Statement were scheduled for 23:30 IST on Wednesday, 28 October. The FOMC Press Conference was scheduled for 00:00 IST on Thursday, 29 October.

Get a firm quote

These are readings from 21:25 IST on 28 October 2026, and rates can move during the day. Call or message the desk for a firm quote before placing an order.

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