New Delhi: Gold prices in India remained firm near record highs on Wednesday, 28 January 2026, tracking strong global cues and sustained safe-haven demand. With international gold prices hovering at elevated levels and the rupee showing mild volatility, domestic bullion rates continued to stay expensive across major Indian cities.
Jewellery buyers and investors are closely watching price movements as gold trades well above last year’s levels.
Gold Price Today in India (28 January 2026)
- 24 Carat Gold: ₹16,190 – ₹16,530 per gram
- 22 Carat Gold: ₹14,840 – ₹15,155 per gram
- 18 Carat Gold: ₹12,140 – ₹12,403 per gram
These prices may vary slightly depending on jeweller margins, GST, and making charges.
City-Wise Gold Rates Today
| City | 24K (₹/g) | 22K (₹/g) | 18K (₹/g) |
|---|---|---|---|
| Delhi | 16,530 | 15,155 | 12,403 |
| Mumbai | 16,517 | 15,140 | 12,388 |
| Chennai | 16,734 | 15,330 | 12,785 |
| Bengaluru | 16,517 | 15,140 | 12,388 |
| Kolkata | 16,520 | 15,145 | 12,395 |
Prices are indicative retail rates and can differ across local markets.
Why Gold Prices Are High Today
Market analysts point to multiple factors supporting gold prices:
- Strong global safe-haven demand amid economic uncertainty
- Elevated international spot and futures prices
- Currency fluctuations impacting import costs
- Continued investor interest in physical and digital gold
On the commodities exchange, MCX gold also traded at historically high levels, reinforcing strong sentiment in the domestic market.
Is It a Good Time to Buy Gold?
Experts suggest buyers should:
- Prefer systematic or staggered purchases instead of lump-sum buying
- Track short-term corrections before making jewellery purchases
- Consider digital gold or sovereign gold bonds for investment diversification
Long-term investors continue to view gold as a hedge against inflation and market volatility.
Gold Purity Guide for Buyers
- 24K Gold: Best for investment, not ideal for jewellery
- 22K Gold: Preferred for jewellery due to durability
- 18K Gold: Used for diamond and designer jewellery
Always check BIS Hallmark certification before purchasing gold.
Outlook for Gold Prices
With global economic uncertainty and central bank buying continuing, analysts expect gold prices to remain volatile but strong in the near term. Any correction is likely to be limited unless global monetary conditions ease significantly.
Final Word
Gold rates on 28 January 2026 remain elevated across India, reflecting global market strength and sustained investor demand. Buyers are advised to compare city-wise prices, factor in additional charges, and make informed decisions based on purpose—investment or jewellery purchase.
