Gold Price Today in India (28 September 2026): Gold prices fell nearly 2% on Monday as rising oil prices fuelled inflation worries and strengthened expectations of another US Federal Reserve rate hike. The price of 24K gold stands at ₹15,017 per gram, while 22K gold is at ₹13,765 per gram.
With Diwali and Dhanteras approaching, many buyers are watching rates closely. Here are today’s city-wise gold rates, why prices are falling, and whether you should buy now or wait.
Gold Price Today: 24K, 22K and 18K Rates (28 September 2026)
| Purity | Price per gram | Price per 10 grams | Change vs yesterday |
|---|---|---|---|
| 24K gold (99.9%) | ₹15,017 | ₹1,50,170 | ↓ ₹251 |
| 22K gold (91.6%) | ₹13,765 | ₹1,37,650 | ↓ ₹230 |
| 18K gold (75%) | ₹11,263 | ₹1,12,630 | ↓ ₹188 |
Rates are indicative market benchmarks and do not include GST or making charges. Retail jeweller rates may vary slightly.
City-Wise Gold Rates Today (per 10 grams)
| City | 24K Gold | 22K Gold |
|---|---|---|
| Delhi | ₹1,50,920 | ₹1,38,343 |
| Mumbai | ₹1,51,180 | ₹1,38,582 |
| Chennai | ₹1,51,620 | ₹1,38,985 |
| Kolkata | ₹1,50,980 | ₹1,38,398 |
| Bengaluru | ₹1,51,300 | ₹1,38,692 |
| Hyderabad | ₹1,51,420 | ₹1,38,802 |
Prices differ slightly between cities due to local taxes, transport costs and jeweller-level pricing.
Why Are Gold Prices Falling?
Gold is under pressure mainly from global factors:
- Rising crude oil prices have heightened inflation concerns, keeping expectations of further US Fed rate hikes alive. CME FedWatch data shows a 68.1% probability of a 25-basis-point hike at the Fed’s October-end meeting.
- A stronger US dollar and rising bond yields make interest-bearing assets more attractive than gold, which does not generate any interest.
- On the MCX, gold futures fell nearly 2% to around ₹1,48,100 per 10 grams, while internationally spot gold dropped 1.5% to about $4,224 an ounce.
Notably, gold is still up around 32% over the past year, even after declining nearly 3.5% in the past month — so the long-term trend remains strong despite today’s dip.
Silver Price Today in India
Silver also declined. It is priced at ₹244.90 per gram and ₹2,44,900 per kg today, down ₹100 per kg from the previous session. On the MCX, silver futures fell over 2% to around ₹2,28,400–2,28,900 per kg.
Should You Buy Gold Before Diwali?
A near-2% single-day fall is a meaningful dip, and festive-season buyers often use such corrections to enter. Here is how to decide:
- For jewellery: Buy 22K gold — the alloy mix makes it more durable for ornaments than pure 24K.
- For investment: Prefer 24K gold coins or bars, or paper gold (ETFs/digital gold) to avoid making charges entirely.
- Watch the extra costs: Retail purchases attract 3% GST on the metal value plus 5% GST on making charges — making charges can add 8–20% at some jewellers, so compare them.
- Always check the BIS hallmark to confirm purity before paying.
- Stagger your buying: With the Fed meeting in late October, prices may stay volatile. Buying in parts instead of all at once reduces timing risk.
For more money-related guides, check our Money & Finance section.
FAQs – Gold Price Today in India
What is the gold price today in India?
On 28 September 2026, 24K gold is ₹15,017 per gram, 22K gold is ₹13,765 per gram, and 18K gold is ₹11,263 per gram.
What is the 22K gold rate today per 10 grams?
22K gold costs approximately ₹1,37,650 per 10 grams today, varying slightly by city.
Why is the gold price falling today?
Rising oil prices, a stronger dollar, higher bond yields, and expectations of another US Fed rate hike in October are weighing on gold prices.
Will gold prices rise before Diwali?
Festive demand usually supports prices, but the Fed’s October-end policy decision and dollar movements will decide the direction. Volatility is likely to continue.
What is the silver price today in India?
Silver is ₹244.90 per gram and ₹2,44,900 per kg today, down about ₹100 per kg.
Final Words
Gold Price Today in India ~2% fall has brought gold to an interesting level just ahead of the festive buying season. If you were waiting for a dip to buy for Diwali or Dhanteras, this correction is worth a serious look — but compare making charges across jewellers, factor in GST, and consider staggering purchases with the Fed meeting still to come.
Disclaimer: Gold rates fluctuate through the day. Confirm the live rate with your jeweller before buying. This article is for information only, not investment advice.
