Gold prices rose across major Indian cities on Sunday, June 28, 2026, with 24-carat gold hitting ₹1,43,390 per 10 grams in Delhi, Mumbai, Bangalore, Hyderabad, and Kolkata — an increase of ₹440 from the previous day. The 22-carat variant also gained ₹410, trading at ₹1,31,350 per 10 grams. The uptick was driven by bullish sentiment in global bullion markets and sustained domestic demand.
Chennai Records the Highest Gold Rates
Chennai remained the most expensive major metro for gold buyers. The price of 24-carat gold in the city reached ₹1,43,830 per 10 grams, while 22-carat gold stood at ₹1,31,750 per 10 grams. Ahmedabad also saw prices rise in line with the national trend. Jewelers note that retail prices largely track international market trends, though local variations arise due to taxes, margins, and city-specific surcharges.
How to Confirm Gold Quality Before Buying
- Look for the BIS hallmark on jewelry, which certifies purity.
- Gold quality is denoted as 24K (99.9%), 22K (91.6%), or 18K (75%).
- Check the HUID number on the item.
- Ensure the receipt shows quality, weight, and total cost.
- Only purchase from BIS-accredited jewelers.
Why Gold Prices Fluctuate Daily
International developments and local factors drive daily gold rate changes. Globally, shifts in the U.S. dollar index, interest rate expectations, inflation, and geopolitical tensions influence investor demand. Domestically, the rupee exchange rate, customs duty, GST, transportation costs, and seasonal wedding or festival demand all play a role. Central bank buying and global investment flows also affect prices, leading to daily recalibrations across different cities.