Gold Rate Today 28 January 2026:Gold prices have soared to unprecedented levels today, marking a significant milestone for precious metal investors and buyers across the country. The yellow metal continues its upward trajectory, driven by mounting geopolitical uncertainties and a weakening US dollar.
Record-Breaking Rally in Gold Prices
The gold rate today 28 January 2026 shows 24-karat gold trading between ₹16,200 and ₹16,517 per gram in the domestic market.
On the Multi Commodity Exchange (MCX), 10 grams of pure 24-karat gold is valued at approximately ₹1,62,000 to ₹1,62,670. This represents a substantial increase of 2% to 2.85% from previous trading sessions.
Market analysts attribute this sharp rise to multiple factors including escalating global tensions, the US dollar’s declining strength against major currencies, and heightened safe-haven demand from investors seeking stability during uncertain times.
Gold Rate Today 28 January 2026: City-Wise Breakdown
Gold prices differ slightly across major Indian cities due to variations in local taxation, transportation expenses, and jeweler making charges. Here’s how the rates stack up:
| City | 24K Gold (per 10 grams) | Key Factors |
|---|---|---|
| Mumbai | ₹1,62,000 – ₹1,62,670 | Competitive pricing, high trading volume |
| Delhi | ₹1,63,000+ | Marginally higher due to additional taxes |
| Chennai | ₹1,62,000 – ₹1,62,500 | Lower transport costs as port city |
| Bengaluru | ₹1,62,200 – ₹1,62,800 | Moderate pricing with local variations |
Mumbai typically offers more competitive rates thanks to its position as India’s financial hub with substantial trading volumes and direct access to bullion markets.
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Other Gold Purity Rates
Beyond 24-karat gold, other popular purities are priced as follows:
- 22-karat gold: ₹14,844 to ₹15,140 per gram
- 18-karat gold: ₹12,145 to ₹12,388 per gram
These variations cater to different customer preferences, with 22-karat being the most popular choice for jewelry in India.
Why Gold Remains a Strong Investment
Gold continues to demonstrate its resilience as a reliable inflation hedge and wealth preservation tool. With economic uncertainties persisting globally, investors are increasingly turning to gold as a safe store of value.
Important reminder: Always purchase hallmarked gold from certified and trusted jewelers to ensure authenticity and quality. Price variations between retailers are common, so comparing rates before making significant purchases is advisable.
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
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