Sharp Drop in Gold Rate by Rs 10,400/24K in Just 2 Days; Silver Flat: Latest 22K, 24K, 18K Gold Rates in Delhi

Domestic gold rates extended their downward trend for the second consecutive session this week, with gold rates declining further on Tuesday, April 28, 2026. The fall comes amid cautious global sentiment, as investors weighed renewed diplomatic efforts to resolve the US-Iran conflict, alongside a stronger US dollar that continued to pressure the yellow metal.

Sharp Drop in Gold Rate in 2 Days; 24K Falls Over Rs 10,000

On 28 April 2026, 24 Karat (24K) gold slipped to around Rs 15,300 per gram, down by Rs 71, while 22 Karat (22K) gold declined by Rs 65 to Rs 14,025 per gram. Similarly, 18 Karat (18K) gold eased by Rs 53 to Rs 11,475 per gram. Over the past two sessions alone, 24K gold has seen a sharp correction of nearly Rs 10,400 per 100 grams.

The weakness in gold prices is largely attributed to rising demand for the US dollar, which typically moves inversely to bullion. At the same time, evolving geopolitical developments, particularly diplomatic engagement between the United States (US) and Iran, have reduced immediate safe-haven demand, even as concerns around energy supply disruptions and inflation remain in focus.

Gold Rate Today in New Delhi: Check Latest 22K, 24K & 18K Gold Prices on 28 April 2026

24 Karat Gold Rate Today in Delhi

The rate of 24 Karat gold stood at Rs 15,315 per gram, down by Rs 71 compared to the previous session. On a quantity basis, 8 grams were priced at Rs 1,22,520, while 10 grams cost Rs 1,53,150. For bulk purchases, 100 grams of 24K gold were valued at Rs 15,31,500, reflecting a drop of Rs 7,100.

22 Karat Gold Rate Today in Delhi

For 22 Karat gold, the rate was recorded at Rs 14,040 per gram, down by Rs 65. The price for 8 grams stood at Rs 1,12,320, while 10 grams were priced at Rs 1,40,400. On a larger scale, 100 grams of 22K gold came in at Rs 14,04,000, marking a decline of Rs 6,500.

18 Karat Gold Rate Today in Delhi

Meanwhile, 18 Karat gold was quoted at Rs 11,490 per gram, lower by Rs 53. The price for 8 grams stood at Rs 91,920, while 10 grams were valued at Rs 1,14,900. For 100 grams, the rate was Rs 11,49,000, showing a drop of Rs 5,300 in the latest session.

Silver Rate Today: Check Latest Silver Prices Per Kg and Gram on April 28, 2026

In contrast to gold, silver prices remained unchanged in Delhi, extending their flat trend for the fifth consecutive day. On April 28, silver was priced at Rs 260 per gram, with no change from the previous session. This stability was consistent across quantities, with 8 grams at Rs 2,080, 10 grams at Rs 2,600, and 100 grams at Rs 26,000.

For larger volumes, 1 kilogram (1,000 grams) of silver continued to trade at Rs 2,60,000.

"The bullion market faces competing forces: US-Iran tensions at the Strait of Hormuz provide geopolitical support, while a stronger dollar, elevated Treasury yields, and prolonged Fed rate tightness suppress prices. Gold recovered modestly to $4,700 after diplomatic signals emerged," said Mr. Prithviraj Kothari, MD at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd.

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