Gold rate today 28 January 2026 has shocked buyers and investors as prices touched record levels across the country. On Tuesday, gold prices surged sharply, with 24K gold crossing ₹16,500 per gram in several major cities. Market experts are calling this rally “mind-blowing” as gold continues its strong upward run amid global uncertainty.
Gold Prices Today in India (January 28, 2026)
Below are the average retail gold rates seen across Indian markets today:
| Gold Purity | Price per Gram | Price per 10 Grams |
|---|---|---|
| 24K Gold (Pure) | ₹16,517 | ₹1,65,170 |
| 22K Gold | ₹15,140 | ₹1,51,400 |
| 18K Gold | ₹12,388 | ₹1,23,880 |
City-Wise 24K Gold Rate Today
Gold prices vary slightly by location due to local taxes and demand.
| City | 24K Gold Price (per gram) |
|---|---|
| Chennai | ₹16,734 |
| Mumbai | ₹16,517 |
| Kolkata | ₹16,517 |
| Bangalore | ₹16,517 |
| Delhi | ₹16,530 |
Why Is Gold Price Rising So Fast?
The sharp jump in the gold rate today 28 January 2026 is mainly driven by global factors. The US Dollar has weakened to its lowest level in nearly four years, making gold more attractive for investors worldwide. When the dollar falls, gold usually goes up.
Ongoing geopolitical tensions and trade issues after recent US policy changes have also pushed investors towards gold as a safe option. On top of that, many central banks are buying more gold, adding to the demand.
In India, the weakening rupee has made imported gold costlier, which has further increased domestic prices.
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What Experts Are Saying
Market analysts warn that gold prices may stay highly volatile in the coming weeks. Some experts believe that if global trade tensions continue, gold prices could even move towards $5,000 per ounce internationally.
For now, buyers are advised to stay alert, as prices are changing quickly and may remain expensive in the short term.
Disclaimer:
Gold prices mentioned in this article are for information purposes only and may vary by city, jeweller, and market conditions. Please check with your local dealer before making any buying or investment decisions.
Sources & References
- Indian Express: Gold Today Rate (Jan 28)
- Goodreturns: Gold Price in India
- 5paisa: Gold Prices Scale Fresh Highs
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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