Gold Rate Today (April 28, 2026):India’s gold market saw a mixed start on Tuesday, April 28, 2026, with prices fluctuating through the day amid global uncertainty involving the US and Iran and shifting investor sentiment. While early trade on the Multi Commodity Exchange (MCX) showed a slight uptick in futures, the momentum did not hold. Gold futures for 24-carat purity opened on a positive note but later slipped by 0.03 per cent, or Rs 40, to Rs 1,51,681 per 10 grams. According to Indian Bullion and Jewellers Association (IBJA), the morning price for 24-carat gold stood at Rs 1,51,186 per 10 grams. Meanwhile, retail estimates from GoodReturns placed 24-carat gold at Rs 1,53,850 per 10 grams. In Delhi, the All India Sarafa Association reported prices touching Rs 1,56,100 per 10 grams, inclusive of taxes.
Notably,goldtouched a record high of Rs 1,80,779 per 10 grams on January 29 in the futures segment.
24K, 22K, 18K Gold Rate In Delhi, Chennai, Mumbai And Other Major Cities
Internationally, spot gold was trading at $4,704 per ounce, reflecting cautious sentiment among investors. Ongoing tensions between the United States and Iran have added uncertainty, influencing both commodity and financial markets.
According to news agency PTI, Saumil Gandhi, Senior Analyst (Commodities) at HDFC Securities, said that gold traded steady on Monday; prices remained within the previous session's range amid mixed global cues. He said that uncertainty over US-Iran relations kept the market sentiment cautious. Limited progress in diplomatic efforts and no clear timeline for new talks maintained geopolitical risk premiums in commodity and financial markets.
Praveen Singh, Head (Commodities) at Mirae Asset Sharekhan, said that spot gold prices fell as the US-Iran talks stalled, which led to a rise in oil prices and increased concerns about inflation. However, gold later recovered and was trading steady at $4,710 per ounce, he said. This happened amid reports that Iran has made a new proposal to the US to reopen the Strait of Hormuz and end the conflict.
Singh said that besides the US-Iran talks, the Federal Reserve's monetary policy decision on April 29th is the most important event that will impact financial markets. Investors are concerned about the impact of rising oil prices on the prospects for interest rate cuts.
The proposal also includes a suggestion to suspend nuclear talks. The US dollar index weakened slightly as optimism about peace talks increased and risk appetite improved.
She is working as a Chief Copy Editor at Times Now’s Business Desk, where she covers key developments in the stock market, Indian corporates across se...View More
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