Gold Rates Today (28/08/2026) Crash Up To Rs 32,000 On Rakhi; 24K, 22K, 18K Gold Prices At Tanishq, IBJA, More

Gold rates in India crashed massively on August 28, during the occasion of Raksha Bandhan, which is good news for buyers who are looking to buy gold as gifts for their loved ones. 24-carat gold dropped at least nearly Rs 32,000, while the 22-carat gold price plunged around Rs 29,000 and 18-carat gold tanked nearly Rs 24,000. The reason is the weak trend in the global bullion market. MCX gold is volatile below Rs 1.60 lakh mark, and spot gold is now trading around $4,600 per ounce, pulling back from their 3-month high of $4,650 per ounce. Investors are booking profits and awaited US Federal Reserve Chair Kevin Warsh's speech at the annual Jackson Hole symposium later on Friday.

Why Buying Gold Is Auspicious During Raksha Bandhan?

A gold rakhi in india gifted on Rakshabandhan 2026 will still be worn in 2036. It will be shown to children. It might be passed on. It holds value in a very practical sense the gold rate in India has risen over 80% in the last two years alone but more importantly, it holds meaning. Nobody sells a piece of jewellery their brother gave them. That is the simple, honest reason gold jewellery works as a rakshabandhan gift for sister from brother in a way that almost nothing else does: it outlasts the occasion that gave it, as per Satva Gold blog.

Gold Rates In India Today

24-carat gold price plunged by Rs 31,600 to Rs 15,98,200 per 100 grams and dropped by Rs 3,160 in 10 grams to Rs 1,59,820. Meanwhile, 22-carat gold price declined by Rs 29,000 in 100 grams to Rs 14,65,000 per 100 grams and slipped by Rs 2,900 to Rs 1,46,500 per 10 grams. In case of 18 carat, 10 grams gold nosedived by Rs 23,700 to Rs 11,98,700 per 100 grams and tumbled by Rs 2,370 in 10 grams to Rs 1,19,870.

Gram	24K Gold	22K Gold	18K Gold
1 g	₹15,982 (-316)	₹14,650 (-290)	₹11,987 (-237)
8 g	₹1,27,856 (-2,528)	₹1,17,200 (-2,320)	₹95,896 (-1,896)
10 g	₹1,59,820 (-3,160)	₹1,46,500 (-2,900)	₹1,19,870 (-2,370)
100 g	₹15,98,200 (-31,600)	₹14,65,000 (-29,000)	₹11,98,700 (-23,700)

Spot gold slipped below $4,600/oz and silver held near $68.5, both retreating from multi-month highs touched earlier this week, as bullion takes a breather following its recent sharp run-up. US inflation remained well above the Fed's target, with headline PCE at 3.7% against expectations of 3.6%, even as core inflation held steady at 3.3%. Beyond the inflation print, strength in durable goods orders and income has added to the case that the economy isn't cooling fast enough to justify a dovish pivot, keeping a rate-hike scenario alive rather than off the table, as per Kaynat Chainwala, AVP Commodity Research, Kotak Securities.

That's tempered, but not reversed, the analyst added, bullion's broader uptrend, which remains underpinned by last week's Treasury buyback intervention, a dollar sitting near three-month lows, and steady Chinese physical demand.

Check Gold Rates Today At Top Jewelers

Tanishq Gold Rates Today

22-carat gold price at Tanishq plummeted by Rs 110 in 1 gram, down by Rs 880 in 8 grams, slipped by Rs 1,100 in 10 grams and crashed by Rs 11,000 in 100 grams on August 28. This is a nearly 1% drop across grams.

The current rate accordingly stands at Rs 14,965 per 1 gram, at Rs 117,560 per 8 grams, at Rs 146,950 per 10 grams, and at Rs 1,469,500 per 100 grams under 22-carat.

Meanwhile, 18-carat gold dipped to Rs 12,023 per 1 gram and at Rs 1,20,230 per 10 grams. Also, 24-carat gold price plunged to Rs 16,031 per 1 gram and at Rs 1,60,310 per 10 grams.

IBJA Gold Rates Today

The 999 purity gold price stood at Rs 15,823 per 1 gram, while the 995 purity and 916 purity gold prices at IBJA stood at Rs 15,759 and Rs 14,494 per 1 gram respectively. Also, the 750 purity gold is at Rs 11,867 and the 585 purity gold is at Rs 9,256.

Joyalukkas Gold Rates Today

At the retail stores of Joyalukkas, 22-carat gold is at Rs 14,650 per 1 gram and at Rs 1,46,500 per 10 grams. These rates are applicable in states like Andhra Pradesh, Delhi, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal.

Malabar Gold Rates Today

Meanwhile, at Malabar, 22-carat gold price stood at Rs 14,770 per 1 gram and at Rs 1,47,700 per 10 grams. The 24-carat gold is available at Rs 16,113 per 1 gram and at Rs 1,61,130 per 10 grams.

Kalyan Jewellers Gold Rates Today

The 22-carat gold rate at Kalyan Jewellers stood at Rs 14,650 per 1 gram and at Rs 1,46,500 per 10 grams.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.