Gold prices in India are currently reflecting a combination of domestic currency movements, global economic trends, and demand-supply dynamics in international markets.
At present, 24-carat gold is priced at around ₹15,370 per gram, while 22-carat gold stands at ₹14,089 per gram and 18-carat gold at ₹11,527 per gram. These rates, however, are not fixed and are influenced by a range of interconnected factors.
One of the most significant drivers is the value of the Indian rupee against the US dollar. When the rupee weakens, gold becomes more expensive domestically, even if international prices remain unchanged. This is because gold is globally traded in dollars, making currency fluctuations a key determinant of local pricing.
Global economic conditions also play a crucial role. Periods of uncertainty, volatile geopolitical developments, slowing growth, or a strengthening US dollar often push investors towards gold as a safe-haven asset, increasing demand and driving prices higher.
Interest rates are another major influence. When central banks, particularly the US Federal Reserve, raise interest rates, gold tends to lose appeal as it does not yield interest, leading to price corrections. Conversely, lower interest rates generally support higher gold prices.
Demand patterns further shape pricing. Strong demand from countries like India and China-both major consumers of gold-can lift global prices, while weaker demand tends to ease them.
Government policy also has an indirect impact. Measures aimed at controlling imports or reducing pressure on the current account deficit can influence domestic demand and pricing trends. In India, high prices themselves have recently curbed consumption to some extent.
Gold rates in India (April 28, 2026)
| City | 24K Gold (per 1 g) | 22K Gold (per 1 g) | 18K Gold (per 1 g) |
| Mumbai | Rs 15,370 | Rs 14,089 | Rs 11,527 |
| Delhi | Rs 15,385 | Rs 14,104 | Rs 11,542 |
| Chennai | Rs 15,525 | Rs 14,231 | Rs 11,871 |
| Bangalore | Rs 15,370 | Rs 14,089 | Rs 11,527 |
| Kolkata | Rs 15,370 | Rs 14,089 | Rs 11,527 |
| Hyderabad | Rs 15,370 | Rs 14,089 | Rs 11,527 |
Silver prices
Silver prices in India are currently hovering around ₹260 per gram, or ₹2,60,000 per kilogram, reflecting steady movement in line with global market trends.
Like gold, silver pricing in the domestic market is largely driven by international benchmarks, where the metal is traded in US dollars. Any movement in global silver prices-whether due to industrial demand, investor sentiment, or supply constraints-tends to be quickly mirrored in India.
Silver rates in India (April 28, 2026)
| City | Silver Price (per 10g) | Silver Price (per 100g) | Silver Price (per 1kg) |
| Chennai | Rs 2,699 | Rs 26,990 | Rs 2,69,900 |
| Mumbai | Rs 2,600 | Rs 26,000 | Rs 2,60,000 |
| Delhi | Rs 2,600 | Rs 26,000 | Rs 2,60,000 |
| Kolkata | Rs 2,600 | Rs 26,000 | Rs 2,60,000 |
| Bangalore | Rs 2,600 | Rs 26,000 | Rs 2,60,000 |
| Hyderabad | Rs 2,699 | Rs 26,990 | Rs 2,69,900 |
| Kerala | Rs 2,699 | Rs 26,990 | Rs 2,69,900 |
| Pune | Rs 2,600 | Rs 26,000 | Rs 2,60,000 |
Both gold and silver prices in India are ultimately shaped by a complex mix of global financial conditions, currency movements, and demand trends. While gold remains a preferred hedge against inflation and uncertainty, silver continues to reflect both investment interest and industrial demand cycles.
Quick FAQ
Q1. What is today's gold price in India per gram?
Gold price today is around ₹15,370 for 24K, ₹14,089 for 22K, and ₹11,527 for 18K.
Q2. Why do gold prices change daily in India?
Gold prices change due to currency movements, global demand, interest rates, and international market trends.
Q3. What is the silver price in India today?
Silver is priced at approximately ₹260 per gram or ₹2,60,000 per kilogram.
Q4. Which cities have higher gold prices in India?
Cities like Chennai and Delhi often show slightly higher rates due to local taxes and transport costs.