Gold Rate Today, April 28: City-wise 22, 24, 18 carat gold prices in Mumbai, Delhi, Kolkata, Chennai

Gold price in India has declined sharply today in the retail market. The price of the yellow metal has come down to ₹1,53,280, declining by ₹1,420 per 10 gm for gold of 24 carat purity. Similarly, 22 carat gold is priced at ₹1,40,530 per 10 gm, declining by as much as ₹1,300 per 10 gm.

Over a 10-day period, prices are largely showing a downtrend, with 24 carat gold priced at ₹1,56,060 per 10 gm on April 19.

As of April 27, 2026, here below are the latest rates across major brands.

Tanishq: 22 carat gold is priced at ₹1,41,950 per 10 gm, while the price of 24 carat gold is ₹1,54,850. Similarly, 18 carat is priced at ₹1,16,140 per 10 gm.

Joyalukkas: 22 carat gold is priced at ₹1,40,900 per 10 gm

Malabar Gold: 22 carat gold is retailing at ₹1,39,250, while the price of 24 carat gold is ₹1,51,910

Meanwhile, the Indian Bullion Jeweller Association (IBJA's) indicative retail selling rate for gold jewellery are as below:

Fine gold (999)- ₹15,150

22 carat- ₹14,786

18 carat- ₹12,271

14 carat- ₹9,771

The above rates are per 1 gm of gold.

Factors influencing gold rate today

Mirroring sentiment overseas, gold prices on the MCX traded steady with a negative bias. As of writing the copy at around 9:30 am, gold June futures were down 0.08% or ₹119 at ₹1,51,602 per 10 gm.

In the previous session, gold futures for June delivery closed at ₹1,51,721 per 10 gm.

Investors are largely awaiting any developments in the stalled US-Iran conflict. Meanwhile, they are also keeping a close watch on the policy rate decision from the Federal Reserve which is due tomorrow.

As per the latest development in the US-Iran war, reports suggest that the US President Donald Trump is not likely to give into Iran's proposal of reopening Strait of Hormuz.

The Iranian military is seeking restoration of the maritime traffic via the Strait of Hormuz, while deferring key issues such as those relating to its nuclear programme to a later time.

The Iranian plan reportedly calls for restoring maritime traffic through the Strait of Hormuz, while postponing key issues related to its nuclear programme to future negotiations. Sources familiar with the matter told CNN that Trump voiced reservations during a high-level briefing with national security advisers.

Meanwhile, US gold futures traded with a cut of 0.23% or $10.76 at $4,683 per ounce.