Gold prices on the MCX witnessed a brief pause after a strong rally, as traders booked profits, even as broader market cues continue to support the precious metal.
Gold and silver prices in India recorded minor declines on Wednesday amid fluctuating domestic demand and global market cues. Precious metals, widely bought for investment as well as cultural purposes during weddings and festivals, continue to hold strong appeal among buyers.
Gold prices have shown a gradual upward trend over the past few sessions, reflecting steady investor interest in the metal as a hedge against uncertainty.
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Gold Price Today
As of January 28, 2026:
- 24K gold (99.9% purity): ₹16,194 per gram
- 22K gold (91.67% purity): ₹14,844 per gram
Silver Price Today
Silver prices remained steady, with 999 purity silver trading at around ₹3,70,100 per kg in most parts of the country.
City-Wise Gold & Silver Rates: January 28, 2026
The following table provides the retail prices for 22K and 24K gold (per 10 grams) and silver (per 1 kg) across major Indian cities, as reported by Good Returns.
| City | 22K Gold (per 1g) | 24K Gold (per 1g) | Silver (per 1kg) |
| Delhi | ₹16,209 | ₹16,209 | ₹3,70,100 |
| Mumbai | ₹16,194 | ₹14,844 | ₹3,70,100 |
| Chennai | ₹16,319 | ₹14,959 | ₹3,87,100 |
| Kolkata | ₹16,194 | ₹14,844 | ₹3,70,100 |
| Bengaluru | ₹16,194 | ₹14,844 | ₹3,70,100 |
| Hyderabad | ₹16,194 | ₹14,844 | ₹3,87,100 |
| Ahmedabad | ₹16,199 | ₹14,849 | ₹3,70,100 |
Gold Rate Today: Record Rally Followed by Profit Booking
Gold prices recently touched a fresh high of ₹16,195 per gram (24K) after rising nearly ₹1,800 in just nine days, a jump of over 12%. The sharpest single-day surge came on January 21, when prices climbed ₹682 per gram, driven by strong safe-haven demand and supportive global cues. The rally highlights sustained investor interest amid market uncertainty.
MCX Gold and Silver Prices: Momentum Remains Intact
A mild correction followed on January 22, with gold slipping ₹229 per gram as investors booked profits after the steep rise. Despite this pullback, gold has still gained around ₹1,200 per gram over the past week, underlining solid underlying momentum. On the MCX, gold futures continue to trade near lifetime highs, supported by a weak rupee, while silver remains firm, mirroring industrial demand trends and broader strength in precious metals.
Published: 28 Jan 2026, 08:12 am IST
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