Drop in Gold Price in India Continues, MCX Gold Falls; Will Gold Rate Today Break Rs 1.52 Lakh Mark on 28 Apr?

Domestic bullion prices in India extended their weak trend into the final week of April, slipping further after last week's decline. The pressure in the gold market has been driven by a mix of soft global cues, subdued demand in the spot market, and cautious investor sentiment amid ongoing geopolitical uncertainty.

Drop in Gold Rate Today Continues

On the domestic front, 24 Karat (24K) gold was quoted at Rs 15,371 per gram, down by Rs 33 from the previous session. Similarly, 22 Karat (22K) gold slipped to Rs 14,090 per gram, lower by Rs 30, while 18 Karat (18K) gold eased to Rs 11,528 per gram, marking a decline of Rs 25.

Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram

24K Gold Rate Today in India

The 24K gold segment, considered the purest form of gold investment, reflected a steady downtrend in the latest session. The rate stood at Rs 15,371 per gram, compared to Rs 15,404 earlier. On a higher quantity basis, 8 grams were priced at Rs 1,22,968, while 10 grams were valued at Rs 1,53,710. For bulk purchases, 100 grams of 24K gold were priced at Rs 15,37,100, indicating a decline of Rs 3,300 from the previous day.

22K Gold Rate Today in India

The 22K gold rate settled at Rs 14,090 per gram, down from Rs 14,120. For standard buying quantities, 8 grams were priced at Rs 1,12,720, while 10 grams stood at Rs 1,40,900. On a larger scale, 100 grams of 22K gold were valued at Rs 14,09,000, reflecting a fall of Rs 3,000.

18K Gold Rate Today in India

The 18K gold rate was recorded at Rs 11,528 per gram, down by Rs 25. Prices for 8 grams stood at Rs 92,224, while 10 grams were priced at Rs 1,15,280. For 100 grams, the value came in at Rs 11,52,800, showing a decline of Rs 2,500 in the latest session.

MCX Gold Price Trends

In the futures market, gold on the Multi Commodity Exchange (MCX) also came under pressure. The June delivery contract declined by Rs 349, or 0.23%, to settle at Rs 1,52,350 per 10 grams. Market participants noted that weak global cues weighed on sentiment, leading to cautious trading activity during the latest session.

Spot Gold Price Trends

In international markets, spot gold remained largely stable at around $4,700 per ounce. Investors adopted a wait-and-watch approach as geopolitical tensions and macroeconomic data continued to influence sentiment. Ongoing discussions related to stalled US-Iran negotiations, along with upcoming central bank meetings, kept global bullion markets in a narrow trading range.

Gold Rate Outlook Ahead on 28 April 2026

Market experts suggest that overall sentiment in gold remains moderately bearish in the near term. According to analysts, rising oil prices linked to geopolitical tensions have added inflation concerns, but have also reduced immediate safe-haven buying interest.

"Overall, bullion prices look Moderately Bearish as US-Iran tensions lifted oil prices, raised inflation concerns, and reduced safe-haven appeal, while prolonged blockades, naval actions, and extended ceasefires kept markets cautious.......... A breakout from key support or resistance zones will be crucial for the next directional move," said Kaveri More, Commodity Analyst, Commodity Technical Research at Choice broking.

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