Gold Rate Today: MCX Gold Rises Near ₹1.44 Lakh as Silver Crashes by ₹51,000 per kg Amid Fed Rate Hike Across Delhi, Mumbai, Chennai, Hyderabad, Kerala & More | Check City-Wise Rates of 24K, 22K, 18K

134

Gold Rate Today, June 28, 2026: The price of gold in India saw a slight rebound on June 28, 2026, which was a Sunday following a very uncertain week of trading that was highly affected by global events and the movements of the US dollar. The prices of gold saw an increase of about ₹440 per 10 grams for 24-carat gold and ₹410 for 22-carat gold from the last trading session. Even though there has been an increase in recent times, gold is still trading below its all-time high levels seen in the previous days due to investors taking their profits after the global market responded to good US economic figures and expectations of higher interest rates.

As per the latest statistics from the domestic market, 24-karat gold is priced at about ₹1,43,390 per 10 grams in Delhi, Mumbai, Bangalore, Hyderabad, Jaipur, Lucknow, Pune and Ahmedabad, whereas Chennai continues to be the most expensive market at ₹1,43,830 per 10 grams. Silver prices continued to hold steady and silver was trading close to ₹2,40,000 per kg in most parts of India while investors are also tracking international bullion prices, movements in crude oil, inflation expectations, the US Dollar Index and MCX futures to assess the next direction for precious metals.

LIVE Gold Price Today | Domestic Gold Prices (India) – June 28, 2026

• 24K Gold (10 grams): ₹1,43,390 
• 22K Gold (10 grams): ₹1,31,350
• 18K Gold (10 grams): ₹1,07,960
• Chennai remains the highest-priced metro for gold.
• Delhi, Mumbai, Hyderabad, Bengaluru and Kolkata are trading at similar levels.
• 24K gold gained ₹440 over the previous session.
• 22K gold increased by ₹410.
• MCX Gold Futures are trading near ₹1,44,199 per 10 grams.
• MCX Silver Futures are hovering around ₹2,22,100 per kg.
• Retail prices may differ depending on GST, making charges and local jeweller premiums.

LIVE Gold Price Today | Tanishq, IBJA & Major Jewellers (June 28, 2026)

Note: Actual billing varies according to location, purity, jewellery design and making charges.

Check City-Wise Gold Rate Today (per 10 grams)

Delhi Gold Rate Today

• 24K Gold: ₹1,43,390 per 10 grams
• 22K Gold: ₹1,31,350 per 10 grams
• Up ₹440 (24K) from yesterday
• Up ₹410 (22K)
• One of India’s benchmark bullion markets
• Jewellery demand remains steady despite elevated prices

Mumbai Gold Rate Today

• 24K Gold: ₹1,43,390
• 22K Gold: ₹1,31,350
• 18K Gold: ₹1,07,960
• Prices increased for the second consecutive session
• Retail buying remains cautious

Chennai Gold Rate Today

• 24K Gold: ₹1,43,830
• 22K Gold: ₹1,31,750
• Highest among major metro cities
• Prices rose ₹440 from previous session
• Strong jewellery demand continues to support premiums

Bengaluru Gold Rate Today

• 24K Gold: ₹1,43,390
• 22K Gold: ₹1,31,350
• Stable retail demand
• Bullion traders expect continued volatility next week

Hyderabad Gold Rate Today

• 24K Gold: ₹1,43,390
• 22K Gold: ₹1,31,350
• One of India’s largest physical gold markets
• Wedding demand continues to support purchases

Kolkata Gold Rate Today

• 24K Gold: ₹1,43,390
• 22K Gold: ₹1,31,350
• Gold prices recovered after recent correction
• Jewellery sales remain healthy

Kerala Gold Rate Today

• 24K Gold: ₹1,43,390
• 22K Gold: ₹1,31,350
• One of India’s strongest gold-consuming states
• Retail demand remains resilient

Pune Gold Rate Today

• 24K Gold: ₹1,43,390
• 22K Gold: ₹1,31,350
• Daily increase: ₹440 (24K) and ₹410 (22K)

Ahmedabad Gold Rate Today

• 24K Gold: ₹1,43,390
• 22K Gold: ₹1,31,350
• Local bullion market mirrors national trend
• Investors continue accumulating on price dips

Vadodara Gold Rate Today

• 24K Gold: Around ₹1,44,000
• 22K Gold: Around ₹1,32,000
• Prices remain broadly in line with Gujarat bullion market
• Retail demand steady

Jaipur Gold Rate Today

• 24K Gold: ₹1,43,390
• 22K Gold: ₹1,31,350
• Today’s increase: ₹440 (24K) and ₹410 (22K)
• Wedding season demand supporting prices

Lucknow Gold Rate Today

• 24K Gold: ₹1,43,390
• 22K Gold: ₹1,31,350
• Daily gain: ₹440 (24K) and ₹410 (22K)
• Buyers continue selective purchases

International Gold Rates Today

• Spot Gold around US$4,116 per ounce
• US Gold Futures near US$4,133 per ounce
• Silver Spot around US$62 per ounce
• Platinum around US$1,637
• Palladium around US$1,249
• Dollar strength continues to pressure bullion.
• Traders are closely watching upcoming US inflation data and Federal Reserve commentary.

LIVE Gold Price Per Ounce

Gold remains under pressure globally after retreating from its record highs earlier this month while analysts believe future price movements will largely depend on US interest rate expectations, the strength of the dollar, geopolitical developments and central bank buying.

Major Indian Gold City Rates Today: 24K, 22K & 18K (June 28, 2026)

Major Countries Gold Rates Today (24K, 22K & 18K)

Gold Rate in India for the Last 10 Days (1 Gram)

Gold has shown substantial volatility during the last ten trading day while the metal had rallied to almost ₹14,800/gram before undergoing a steep correction, owing to profit booking on the global front and a strengthening dollar. The slight rise seen over the weekend shows that bargain hunting is now in play due to last week’s fall.

International Market Sentiment & Key Drivers

• The spot price of gold is hovering near US$4,116 an ounce, which is almost 26% lower than the all-time high of US$5,589 seen earlier this year.
• The appreciation in the US Dollar Index (DXY) has dampened investor interest in gold.
• The expectation of further increases in Federal Reserve rates is pressuring non-interest-bearing investments such as gold.
• Rising US Treasury bond yields have induced investors to move their money from gold into fixed income investments.
• Central bank buying of gold is positive in the long run.
• Geopolitical concerns keep giving rise to safe-haven demand intermittently.
• Inflows into ETFs have slowed down owing to cautiousness of institutional investors in the face of monetary policy uncertainties.
• Demand for gold jewellery abroad is strong, especially in Asia and the Middle East.

Domestic Market Sentiment & Key Drivers

• The gold price in India is getting support from steady domestic jewelry demand.
• Wedding demand continues to support physical buying despite high prices.
• The weakening Indian rupee has partly balanced the drop in international gold prices.
• Domestic buyers are increasingly allocating their resources to Gold ETFs and Sovereign Gold Bonds.
• Buyers show more interest during price corrections as opposed to when prices are hitting highs.
• Imports are strong heading into the festive season.
• Physical gold premiums are stable in most metropolitan cities.

Oil & Inflation: Impact on Gold Prices

• Brent Crude oil is currently off its highs, and this helps to alleviate inflation fears.
• Reduction in crude oil prices typically means less pressure on inflation, which negatively impacts gold’s status as an inflation haven.
• Nevertheless, there still persists volatility due to geopolitical tension in the energy sector.
• One of the main long-term factors driving precious metals is inflation.
• Increasing fuel prices may boost production and delivery costs, which eventually will support the price of bullion.
• Investors are currently following US inflation reports due to their implications for Fed policy.

MCX Performance

• MCX Gold Futures: ₹1,44,199 per 10 grams
• MCX Silver Futures: ₹2,22,100 per kilogram
• Gold futures recovered after a sharp weekly decline.
• Silver futures remain highly volatile amid changing industrial demand.
• Analysts expect strong support around ₹1.47 lakh and resistance near ₹1.49 lakh in the near term.
• Trading volumes remain elevated as investors react to global economic data.
• Domestic bullion traders are closely monitoring currency movements and overseas market cues.

Gold ETF Performance (2025–2026)

Key Investment Metrics

• Gold has historically acted as a hedge during periods of economic uncertainty.
• Diversification into gold may reduce overall portfolio volatility.
• Long-term investors generally allocate 5% to 15% of their portfolios to precious metals.
• Gold typically performs well when inflation rises or equity markets weaken.
• Interest rate expectations remain the biggest short-term price driver.
• Currency fluctuations significantly influence domestic gold prices.
• Physical demand from India and China continues to dominate global consumption.

Comparison: Physical Gold vs Gold ETFs

Gold ETFs are increasingly becoming the preferred choice for investors seeking exposure to bullion without concerns over storage, purity or making charges while physical gold, however, continues to dominate purchases for weddings, festivals and traditional savings.

Market Summary

• The price of gold in India rebounded slightly on June 28, with the 24-carat variety rising by ₹440 per 10 grams in all major cities.
• Prices of 22-carat gold rose by ₹410 per 10 grams as sentiments picked up amidst volatile trading conditions.
• Chennai continues to be the most expensive major market, but the prices in Delhi, Mumbai, Hyderabad, Bangalore, and Kolkata were almost equal.
• The international prices of gold remained weak amid speculations regarding future rate movements in the United States.
• The US dollar is still one of the biggest hurdles for bullion, making gold more costly for foreign buyers.
• The price of silver was relatively stable in the domestic market, although futures witnessed volatility.
• The short-term trend will continue to depend on developments in the world economy and central bank comments.

Gold & Silver Price Today: Why Are Gold and Silver Falling?

Although domestic prices have recovered slightly, the broader trend in international markets remains weak. Several factors are contributing to the recent decline.

Stronger US Dollar

Gold is priced globally in US dollars when the dollar appreciates against other currencies, gold becomes costlier for international buyers, leading to weaker demand and lower prices.

Expectations of Higher Interest Rates

More weight is being given to the scenario where the Federal Reserve may keep rates high for a longer period or hike rates in order to tackle inflation, which may be persistent when rates are high, bonds and other fixed income securities become more attractive than non-interest bearing securities such as gold.

Profit Booking After Record Highs

Gold has been trading at record highs in excess of $5,500 an ounce before profit taking set in. This is a regular occurrence after strong gains in price.

Rising Bond Yields

Higher Treasury yields increase the opportunity cost of holding gold, encouraging investors to shift capital into interest-bearing investments.

Cooling Safe-Haven Demand

Reduced geopolitical tensions compared with previous weeks have slightly lowered demand for traditional safe-haven assets.

ETF Outflows

Several international gold ETFs witnessed slower inflows as institutional investors adopted a cautious stance ahead of key US economic data.

Silver’s Industrial Exposure

Unlike gold, silver has a significant industrial component. Concerns about slower manufacturing activity have weighed on industrial demand, contributing to its recent decline.

Can Gold Prices Rise Again?

Many analysts believe the long-term outlook for gold remains constructive despite recent weakness and key factors that could support prices include:

• Renewed geopolitical tensions.
• Fresh buying by central banks.
• A weaker US dollar.
• Declining global interest rates.
• Higher inflation.
• Strong jewellery demand during India’s festive and wedding seasons.
• Increased investment demand through Gold ETFs.
• Rising demand from China and India.
• Global economic slowdown encouraging safe-haven buying.
• Diversification by institutional investors.

While short-term volatility may continue, gold remains one of the world’s most preferred long-term wealth preservation assets.

Key Considerations for Buyers

Before purchasing gold, investors and jewellery buyers should keep the following factors in mind:

• Compare prices across multiple reputed jewellers.
• Verify BIS Hallmark certification.
• Consider making charges before finalising jewellery purchases.
• Check applicable GST and other local taxes.
• Compare physical gold with Gold ETFs and Sovereign Gold Bonds.
• Avoid making investment decisions based solely on daily price movements.
• Invest gradually rather than buying in one lump sum.
• Track international gold prices alongside domestic rates.
• Watch the movement of the Indian rupee against the US dollar.
• Monitor upcoming Federal Reserve policy announcements.

What Will Happen to Gold If the Federal Reserve Raises Interest Rates?

Historically, higher US interest rates have created short-term pressure on gold prices.

• The price of gold can fall owing to the increasing interest on bonds.
• There is room for the US dollar to strengthen even further.
• Global investors might lose interest.
• However, markets usually tend to correct themselves once interest rate increases are priced in. If there are indications of a recession in the economy, gold can be expected to bounce back as a safe-haven investment.
• Gold has been known to recover from major corrections that happen due to interest rates.

Should You Buy Gold Today or Hold Back in the UAE?

For buyers in the UAE, the decision depends largely on investment objectives.

Consider Buying If

• You are investing for the long term.
• Prices have corrected significantly from recent highs.
• You are purchasing for weddings or future family requirements.
• You intend to accumulate gold gradually.

Consider Waiting If

• You expect additional US interest rate hikes.
• The US dollar continues strengthening.
• You are seeking short-term trading opportunities rather than long-term investment.
• You believe international prices may witness another correction.

Experts generally recommend staggered purchases instead of attempting to time the market perfectly.

Silver Rates Today (June 28, 2026)

Silver prices remained broadly stable in the domestic market despite continued volatility in global futures.

Southern markets such as Chennai, Hyderabad and Kerala continue to quote slightly higher silver prices at around ₹2,45,000 per kilogram, reflecting stronger regional demand.

Indian Major Cities Silver Rates Today

FAQ’s

1. What is the 24K gold price today in India?

The average 24K gold rate is ₹1,43,390 per 10 grams in most major Indian cities on June 28, 2026.

2. Why did gold prices increase today?

Gold prices rose due to bargain buying, steady domestic demand, and a slight recovery in the bullion market.

3. What is the silver price today?

Silver is priced at ₹240 per gram and ₹2,40,000 per kilogram in most Indian cities.

4. Is it a good time to buy gold?

Long-term investors can consider buying gradually during price corrections instead of making a lump-sum purchase.

5. What affects gold prices in India?

Gold prices are influenced by global bullion rates, the US dollar, interest rates, inflation, crude oil prices, and the rupee’s exchange rate.

ALSO READ: Gold Rate Today LIVE: US Gold Climbs Above $4,088 as Dollar Strength Bullion Market Amid Fed Rate Hike Across Washington, San Francisco, California & Los Angeles – Check 24K, 22K & 18K Gold Prices