Gold Rate Today: Prices Steady Across Major Cities; Check 24K and 22K Rates for April 28, 2026

The Indian bullion market has witnessed limited volatility as gold prices remain steady across major metropolitan cities. Amidst a strengthening US Dollar and global cues from the international market, domestic gold rates are trading within a consolidated range. If you are planning to invest in the precious metal today, here are the latest spot prices for 24K and 22K gold.

City-Wise Gold Rates (April 27–28, 2026)

Prices vary slightly across regions due to local taxation, transportation costs, and State VAT. Below are the rates for 24-Carat (Pure Gold) and 22-Carat (Jewelry Gold):

Why Prices Differ Across Cities

The slight premium in cities like Delhi, Jaipur, and Lucknow compared to Mumbai and Pune is primarily attributed to higher state taxation and logistics. Chennai continues to show the highest rates due to strong local demand and specific regional levies, with 24K gold hovering around the ₹1,55,240 mark.

Impact of International Markets

On the global front, gold is trading near $4,684 per troy ounce (LBMA). The strength of the US Dollar has a direct correlation with Indian prices. Currently, the USD/INR exchange rate is standing at approximately ₹94.14, which plays a pivotal role in determining the final landing cost of gold in India.

Understanding GST and Making Charges

When purchasing physical gold or jewelry, the final invoice includes costs beyond the market rate:

• GST on Gold: A standard 3% GST is applied to the value of the gold.
• Making Charges: Jewelry involves craftsmanship costs, which attract an additional 5% GST on the making charges.This is why the final billing at a jewelry store is always higher than the quoted market bullion rate.

Expert Insight for Investors

Market analysts suggest that gold futures on the MCX are likely to remain within this current range in the short term. For those looking at long-term investments, keeping an eye on the Dollar Index and central bank policies is recommended.

Disclaimer: The rates mentioned above are compiled from various financial news sources (Times of India, GoodReturns). These are for informational purposes only. Please verify exact prices with your local jeweler or bank before making a transaction.